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
 Jul 5 2015 - Emaar Misr to add USD2.26b to market capitalizationMENAFN
(MENAFN) Emaar Misr will add USD2.26 million to the market capitalization after being listed over the Cairo bourse, according to the bourse chief, Amwal Alghad reported.The affiliate of the United ...

 Jul 5 2015 - Saudi Looks for 'Guinness' Record with 50,000 Coins MuralSaudi Press Agency
(MENAFN - Saudi Press Agency) A Saudi citizen seeks to set a Guinness Record with drawing the largest painting mural in the world with more than 50,000 coins, in support of his talent initiated since ...

 Jul 5 2015 - PM: Jordan is a stable country with well-defended bordersJordan News Agency
(MENAFN - Jordan News Agency) Prime Minister Abdullah Ensour said Jordan is a stable country, owing its security to the wisdom of its leadership and its people's awareness, which are its source of ...

 Jul 5 2015 - Jordan- Moderate weather forecast until TuesdayJordan News Agency
(MENAFN - Jordan News Agency) The weather will be moderate until Tuesday in the hilly areas while it will be relatively hot to hot in the Badia, the Jordan Valley and Aqaba with high clouds and ...

 Jul 5 2015 - Israeli forces arrest 9 PalestiniansJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation troops arrested 9 Palestinians in the occupied West Bank, the Palestinian Interior Ministry said in a statement Sunday.The occupation forces broke ...

 Jul 5 2015 - Jordan- Border guards receive 275 new Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) A total of 275 Syrian refugees from various age groups, entered the Kingdom through various crossing points during the past 72 hours.The border guards provided the ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Venezuela on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Venezuela Nicolas Maduro a cable of congratulation on the ...

 Jul 5 2015 - Kuwait- Message from His Highness the Amir delivered to Nicaraguan PresidentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait's non-resident ambassador to Nicaragua, Samih Johar Hayat, has delivered a message from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Cape Verde on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Cape Verde Jorge Carlos Fonseca a cable of congratulation on the ...

 Jul 5 2015 - Terrorism main topic of Arab Parliament's urgent meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab Parliament (AP) held an urgent meeting here Sunday which focused on the recent terrorist attacks that hit a number of Arab countries.A press release by ...

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