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 gradute 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 28 2016 - Egypt, Poland 2016 trade exchange to reach USD600mnMENAFN
(MENAFN) The volume of trade between Egypt and Poland is predicted to reach USD600mn by the end of this year.Furthermore, trade exchange increased by 3 percent to surpass more than USD350mn amid the ...

 Oct 28 2016 - UAE, Oman ink transport agreementMENAFN
(MENAFN) The UAE and Oman signed an international road transport of passengers and goods deal.Moreover, the deal aims to enhance cooperation in this field for the benefit of the two fraternal peoples ...

 Oct 28 2016 - Viva Kuwait Q3 revenue down by 14pctMENAFN
(MENAFN) Viva Kuwait recorded a 14 percent decline in Q3 net profit, as the impact of lower oil prices on the Kuwaiti economy dragged on revenue generation.Moreover, the Saudi Telecom Co. subsidiary ...

 Oct 28 2016 - Qatar- Labour Minister elected Chairman of ALO boardGulf Times
(MENAFN - Gulf Times) The 85th session of the Arab Labour Organisation (ALO), which began its meetings in Doha yesterday, has elected HE the Minister of Administrative Development, Labour and Social ...

 Oct 28 2016 - Qatar- PM meets ALO officialGulf Times
(MENAFN - Gulf Times) HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani met a senior Arab Labour Organisation (ALO) official who is currently visiting ...

 Oct 28 2016 - Qatar- Host of activities at 'Family Fun Fridays' todayGulf Times
(MENAFN - Gulf Times) The ‘Family Fun Fridays"; series continues today at The Pearl-Qatar. Organised by United Development Company (UDC), master developer of The Pearl-Qatar, today";s ...

 Oct 28 2016 - Bangladesh envoy hosts Asian ambassadors' dinnerGulf Times
(MENAFN - Gulf Times) Bangladesh";s ambassador to Qatar, Ashud Ahmed, and his wife recently hosted an Asian Ambassadors"; Group Dinner in Doha. The event was attended by the ambassadors of different ...

 Oct 28 2016 - Apple Fest begins at LuLu outletsGulf Times
(MENAFN - Gulf Times) The Apple Fest was launched at all LuLu Hypermarket outlets in Qatar yesterday. The week-long festival features more than 20 varieties of apple from Spain, France, Italy, New ...

 Oct 28 2016 - Qatar- 28 trucks seized in crackdownGulf Times
(MENAFN - Gulf Times) In a crackdown on overloaded and uncovered trucks, Al Khor and Al Thakhira Municipality has seized 28 such vehicles from the Umm Al Baraka area, the Ministry of Municipality and ...

 Oct 28 2016 - Qatar National Day Barwa Sports Championship setGulf Times
(MENAFN - Gulf Times) The Barwa Group, in association with the Qatar National Day Celebrations Associated Activities Organising Committee, will hold sports competitions at the Barwa Workers ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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