SRMG, SSRC sponsored dialogue forum in Kuala Lumpur today

Updated 30 November 2016
0

SRMG, SSRC sponsored dialogue forum in Kuala Lumpur today

JEDDAH: An International Dialogue Forum on “The Impact of Social Security and Economic Development Policies in Preventing Terrorism” will be held in Kuala Lumpur on Wednesday.
The event sponsored by the Social Security Research Center (SSRC) of University Malaya will be held in cooperation with the Riyadh-based Saudi Research and Marketing Group (SRMG).
The scientific supervision of the forum will be conducted by EuroMENA, a specialized research center based in London.
The main objective of the dialogue is to bring together scholars and experts from relevant disciplinary backgrounds to conduct an open discussion on the the role of socioeconomic development policies in promoting peace and in the prevention of violence and terrorism.
Discussions of the forum will be based on social and economic development as a catalyst to counterterrorism and possible factors contributing to terrorism.
Deliberations will identify the actual reasons for terrorism.
The participants will also review the facts relating to terrorism and its misconceptions will be highlighted .
A new conceptual framework will be presented for economic development, social security and countering violence and terrorism. Experts and researchers will analyze the social and economic losses due to terrorism in developing countries.
The event will be attended by a large number of experts and interested parties from both countries, as well as researchers and experts from international organizations.
The Social Security Research Center (SSRC) was established in March 2011 at the Faculty of Economics and Administration (FEA), University of Malaya to initiate and carry out research, teaching and dissemination of evidence-based knowledge in the area of social security, including old age financial protection in order to enhance the understanding of this critical topic to promote economic development and social cohesion in Malaysia.
SRMG is the largest publishing group in the Middle East engaged mainly in providing information products and services by publishing newspapers and magazines covering the Middle East and globally in addition to general trading, advertisement, promotion, as well as printing, production and distribution services.
A set of important recommendations are to be made at the end of the concluding session of the forum.


Potential SABIC deal would affect Saudi Aramco IPO time frame, says CEO Nasser

Updated 20 July 2018
0

Potential SABIC deal would affect Saudi Aramco IPO time frame, says CEO Nasser

JEDDAH: A potential deal to buy a stake in petrochemical maker SABIC would affect the time frame of Saudi Aramco's initial public offering (IPO), the oil firm's president and CEO Amin H. Nasser said Friday. 

The IPO of around 5 percent of Aramco, which was initially to take place this year but is now more likely to happen later, would be the world's biggest listing, raising up to $100 billion.

Nasser said that buying a stake in a chemical company like SABIC would positively affect Aramco's revenue, Al Arabiya reported.

“We are still in the very early stages of the discussion to buy a stake in SABIC,” the Aramco CEO said.

“Aramco is ready for the initial offer and the timing remains subject to the state's decision.”

Saudi Aramco said on Thursday it is looking at the possibility of buying a stake in SABIC, a move that could boost the state oil giant’s market valuation ahead of the planned IPO.
Aramco said in a statement that it was in “very early-stage discussions” with the Kingdom’s Public Investment Fund (PIF) to acquire the stake in SABIC via a private transaction. It has no plans to acquire any publicly held shares, it said.
In a separate statement, PIF also said talks about a sale were in early stages. “There is a possibility that no agreement will be reached in relation to this potential transaction,” it said.