Quotes: US 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
 Oct 24 2014 - Qatar- Aljazeera to mark 300 days since arrests of journalistsThe Peninsula
(MENAFN - The Peninsula)   Aljazeera will be airing a special 300 second montage live on TV and online today to mark the 300 days since the arrest of its journalists Baher Mohamed, Mohamed Fahmy and ...

 Oct 24 2014 - Qatari, Iranian firms sign agreementThe Peninsula
(MENAFN - The Peninsula)  Qatar's Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday visited the Islamic Republic of Iran, accompanied by a delegation that ...

 Oct 24 2014 - Ecuador invites Qatari investors in key sectorsThe Peninsula
(MENAFN - The Peninsula)  The visiting President of the Republic of Ecuador, Rafael Correa Delgado, invited Qatari businessmen to invest in some of the promising sectors of the Ecuadorean economy, ...

 Oct 24 2014 - Qatar- Interior Ministry signs deal worth QR329m at MilipolThe Peninsula
(MENAFN - The Peninsula)  The total number of people who visited the recently concluded Milipol Qatar exhibition reached 6,583 persons from 63 countries, according to a press statement.Brig Nasser ...

 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

 Oct 24 2014 - Saudi- Lifebuoy bowlers strike double in Mobily CupArab News
(MENAFN - Arab News) Lifebuoy bowling team made an impressive start to the Thursday League 12th Conference for Mobily Cup winning a Team of the Week and Bowler of the Week double at the Bowling City ...

 Oct 24 2014 - Saudi- Alaska Aces trump Purefoods 93-73Arab News
(MENAFN - Arab News) MANILA: Everything was going well for debuting reigning Grand Slam champion Purefoods on Wednesday night until the Star Hotshots known last season as the San Mig Coffee Mixers ...

 Oct 24 2014 - Malaysia charges 3 with supporting ISArab News
(MENAFN - Arab News) KUALA LUMPUR: A Malaysian court on Thursday charged three men with supporting the Islamic State (IS) after they were arrested while attempting to leave the country to join the ...

 Oct 24 2014 - Corruption 'paralyzes' Ukraine: PoroshenkoArab News
(MENAFN - Arab News) ODESSA Ukraine: Corruption is 'paralysing' Ukraine's economy President Petro Poroshenko said Thursday on a pre-election visit to the country's most important sea port.Poroshenko ...

 Oct 24 2014 - New Swedish govt steps up spendingArab News
(MENAFN - Arab News) STOCKHOLM: Sweden's new left-wing government presented Thursday its 2015 budget with the Nordic country's largest deficit in nearly two decades as it seeks to boost employment ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help