SRMG, SSRC sponsored dialogue forum in Kuala Lumpur today

Updated 30 November 2016
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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.


Abu Dhabi aims to lure start-ups with investment in new technology hub

Updated 24 March 2019
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Abu Dhabi aims to lure start-ups with investment in new technology hub

  • The initiative will help Abu Dhabi reduce reliance on oil
  • Mubadala hopes to attract Chinese and Indian companies

ABU DHABI: Abu Dhabi will commit up to $272 million to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy.

US tech giant Microsoft will be a strategic partner, providing technology and cloud services to the businesses that join the hub as the capital of the United Arab Emirates continues its push to reduce reliance on oil revenue.
Abu Dhabi derives about 50 percent of its real gross domestic product and about 90 percent of central government revenue from the hydrocarbon sector, according to ratings agency S&P.
The emirate launched a $13.6 billion stimulus fund, Ghadan 21, in September last year to accelerate economic growth. Ghadan means tomorrow in Arabic. The new initiative, named Hub 71, is linked to Ghadan will also involve the launch of a $136 million fund to invest in start-ups, said Ibrahim Ajami, head of Mubadala Ventures, the technology arm of Mubadala Investment Co.
The goal is to have 100 companies over the next three to five years, Ajami said. “The market opportunities in this region are immense,” he added.
Mubadala, with assets of $225 billion and a big investor in tech companies, will act as the driver of the hub, located in the emirate’s financial district.
Softbank will be active in the hub and support the expansion of companies in which it has invested, Ajami said, adding that Mubadala is also aiming to attract Chinese and Indian companies, among others.
Mubadala which has committed $15 billion to the Softbank Vision Fund, plans to launch a $400 million fund to invest in leading European technology companies.
Incentives mapped out by the government include housing, office space and health insurance as part of the $272 million commitment, Ajami said.
Abu Dhabi will also announce a new research and development initiative on Monday linked to the Ghadan 21 plan, according to an invitation sent to journalists.