Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Al-Mady highlights SABIC's success story at MIT alumni meeting  Join our daily free Newsletter

MENAFN - Arab News - 26/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) The mit club of saudi arabia received mohamed h. al-mady saudi basic industries corporation’s (sabic) vice chairman and ceo as its guest of honor and keynote speaker at its 15th annual meeting in riyadh. shoura council members government officials and private and industrial sector leaders from the kingdom and dubai were among those present.

in his welcome remarks mit club president mohammed bin abdulkareem bakr explained that mit is a private non-profit educational institution based in cambridge massachusetts on the east coast of the united states. three years ago mit celebrated 150 years of its establishment. over the years it has witnessed many important technological achievements and discoveries.

mit is one of the major global centers of scientific research and its name has become synonymous with innovation and creativity. a total of 78 current and previous mit faculty members have won nobel prizes.

the university has many specialized laboratories including those for electronics research media lincoln and computer and artificial intelligence.

ten years ago abdul latif jameel poverty action lab which focuses on the enhancement of impoverished lives around the world joined this select group of outstanding laboratories. studies conducted at the jameel poverty action lab helped over 160 million people around the world.

bakr gave an overview of the mit alumni club of saudi arabia which was established in 1998 as an initiative by mit. the club now enjoys membership of around 90 members representing the largest number of mit alumni in the arab world.

bakr added that the number of saudi undergraduate and graduate students in mit has doubled during the past years. with time and through holding periodic meetings the club’s goals developed to include propagation of programs that open new horizons in the business and technology fields in the kingdom as well as supporting mit programs that focus on cultural understanding and respect.

bakr mentioned that al-mady’s achievements cover areas of manufacturing scientific research and innovation and congratulated sabic for the appreciation it received from custodian of the two holy mosques king abdullah for its recognition from transparency international.

al-mady spoke of the relations between sabic and mit and explained the key strategic elements which have enabled sabic’s tremendous global business growth especially in innovation which is a cornerstone of its business. he also talked about the company’s contributions to the kingdom and strategy aimed at becoming the preferred global leader in chemicals.

“sabic had humble beginnings and has risen today to be a global challenger in our industry. our ambition is to be the global leader in chemicals. from the company’s earliest days strong government backing a clear vision combined with strong values of integrity loyalty commitment honesty determination and respect provided the cornerstones of our future success and business growth” al-mady added.

on the company’s strategy al-mady said: “sabic is no stranger to change and is constantly undergoing transformation. further transformation is necessary to continue our journey toward global leadership. to realize this ambition we have developed our 2025 strategy.”


 


Arab News




  MENA News Headlines
 Apr 25 2015 - Dubai's Damac Q1 net profit down 38 percentMENAFN
(MENAFN) Dubai's Damac Properties reported a 38 percent fall in first-quarter net profit, despite surging revenue, because of the effect of a big one-off gain a year ago, Emirates 24/7 reported.The ...

 Apr 25 2015 - Saudi Cable signs USD170.7m debt restructure dealMENAFN
(MENAFN) Saudi Cable Company said in a statement that it has signed a deal with three of its main lenders to restructure USD170.7 million of debt, Arab News reported.The debt will be restructured ...

 Apr 25 2015 - Saudi petrochemical firms combined profit down in Q1MENAFN
(MENAFN) Saudi Arabia's first-quarter corporate earnings were generally weaker than expected, a sign that foreign investors should be cautious as the stock market opens up to them this year, Arab ...

 Apr 25 2015 - EU migrant rescue ships head for LibyaThe Peninsula
(MENAFN - The Peninsula) British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last ...

 Apr 25 2015 - Qatar- Al Rayyan thrash Al Markhiya as Emir Cup kicks off in styleThe Peninsula
(MENAFN - The Peninsula) Football giants Al Rayyan yesterday celebrated their ascent to Qatar Stars League (QSL) by crushing Markhiya 5-0 in their opening Emir Cup clash.Al Rayyan were demoted to the ...

 Apr 25 2015 - Qatar- 'Desert King' Al Attiyah is unstoppable on home soilThe Peninsula
(MENAFN - The Peninsula) Qatar's Nasser Saleh Al Attiyah, Spain's Marc Coma and Poland's Rafal Sonik each confirmed their third victories at the Sealine Cross-Country Rally in four years in the car, ...

 Apr 25 2015 - Qatar- Al Attiyah wins Sealine RallyThe Peninsula
(MENAFN - The Peninsula) Dakar Rally champion Nasser Saleh Al Attiyah yesterday said healthy time lead on the first three days set up his title win at this week's Sealine Cross-Country Rally. The ...

 Apr 25 2015 - Qatar- Stafford Sri Lankan School Doha celebrates New YearThe Peninsula
(MENAFN - The Peninsula) Stafford Sri Lankan School Doha celebrated the Sinhala and Hindu New Year recently by organising many traditional dances, games and competitions. The celebration, which ...

 Apr 25 2015 - Qatar- North Indians' Association celebrates BaisakhiThe Peninsula
(MENAFN - The Peninsula) North Indians' Association celebrated the harvest festival Baisakhi recently at Al Ghazal hall. Nearly 200 members joined the cultural programme organised by the association ...

 Apr 25 2015 - Qatar- Visa trading is illegal and punishableThe Peninsula
(MENAFN - The Peninsula) Qatari law sets strict punishment for visa traders with aim of preventing trade of illegal visas because every single illegal work visa adds an unemployed worker. If he/she ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help