Saudi Arabian Basic Industries Cooperation becomes only Arab company on Thomson Reuters Top 100 Global Energy Leaders list

A general view taken on July 19, 2009 shows the headquarters of Saudi Basic Industries Corporation (Sabic) in Riyadh. (AFP)
Updated 18 November 2017
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Saudi Arabian Basic Industries Cooperation becomes only Arab company on Thomson Reuters Top 100 Global Energy Leaders list

RIYADH: Saudi Arabian Basic Industries Cooperation (SABIC) had added a new feather to its cap by becoming the only company in the Arab world to make it to the Thomson Reuters Top 100 Global Energy Leaders list.
According to an exclusive statement from SABIC to Arab News, it said that it is the only company in the Arab world making it to the list, reflecting its committed efforts to embed sustainable practices in its global operations that have resulted in energy savings, improved resource efficiency, technological innovation and cost savings.
“Thomson Reuters has ranked SABIC among the top 100 global energy leaders, an honored place among companies that excel in a complex business environment across eight pillars of performance such as financial, management and investor confidence, risk and resilience, legal compliance, innovation, people and social responsibility, environmental impact and reputation.”
According to Thomson Reuters, companies that rise to the top of this list are the “renaissance organizations that best succeed across the parameters at the intersection of regulation and commerce. They are the energy industry’s decathletes. They embrace the challenge of outsizing business complexity with the acumen and agility to stay one step ahead of constant change.”
Thomson Reuters’ methodology evaluated corporate performance using a combination of fundamental business metrics because “in today’s complex business environment, success and leadership require much more than just financial performance.”
SABIC is a global leader in diversified chemicals headquartered in Riyadh. It manufactures on a global scale in the Americas, Europe, the Middle East and the Asia Pacific, making distinctly different kinds of products: Chemicals, commodity and high performance plastics, agro-nutrients and metals. It has more than 35,000 employees worldwide and operates in more than 50 countries, with innovation hubs in five key locations – the US, Europe, Middle East, South East Asia and North East Asia.


White House adviser Jared Kushner: Saudi Arabia is 'important ally'

Updated 22 October 2018
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White House adviser Jared Kushner: Saudi Arabia is 'important ally'

WASHINGTON: Speaking about Saudi Arabia's investigation into the case of the late Jamal Khashoggi, White House senior adviser Jared Kushner said that the Trump administration is still in "fact-finding phase."

"We're getting facts in from multiple places and once those facts come in, the secretary of state will work with our national security team to help us determine what we want to believe, and what we think is credible and what we think is not credible," Kushner said on Monday

"We have our eyes wide open. The president's focused on what's good for America, what are our strategic interests, where do we share interests with other countries let's work towards those," he added.

Kushner stressed that Saudi Arabia was an "important ally" of the US, and a "critical partner," especially in countering Iran's influence in the Middle East.

Kushner also said he had spoken to Crown Prince Mohammed bin Salman about the case.