Strictly Business: SABIC

Author: 
Staff Writer
Publication Date: 
Tue, 2004-10-19 03:00

SABIC has launched a new “Crown Prince Abdullah Bin Abdulaziz Al-Saud International Prize for Scientific Research” and introduced a website at its global headquarters in Riyadh. “I welcome the opportunity for scholars and researchers form around the world to participate in this prize,” SABIC and Royal Commission for Jubail and Yanbu Chairman Prince Saud ibn Abdullah ibn Thunayan Al-Saud said. “The prize will hopefully set out to strengthen international research and technological development in areas that affect many aspects of public life and relevant production sectors,” he said, adding that technological development is the passport to a successful future for all. The prize will be awarded every two years and is divided into three categories, according to its Secretary General and SABIC Vice President for Research and Technology Ibrahim Al-Shuweir. The categories include Environmental protection and the combat of desertification, water and agriculture technologies, and petrochemical, metal and plastic industries. Winners from each category will be honored at a ceremony presided by Crown Prince Abdullah and receive SR600,000, according to Mohammad Al-Motawa, general manager corporate communications, SABIC.

LG

LG Electronics recently celebrated its recognition in European market as it achieved CE certification for its top of the line direct drive washing machine. CE certification entitles a product to carry tripe ‘A’ sticker, which means high efficiency in washing, spin performance and energy saving. It is a recognized mark of quality, reliability and high performance. “Direct Drive Washing Machine from LG is the first and one of its kind, which has no belts and has reduced number of parts which translates into lesser possibility of things going wrong,” LG General Manager C.K. Cho said. The motor in this machine is directly attached to the drum, which reduces vibration and provides stability to the structure. The machine has also achieved the energy star in the United States, which is a recognition by the Department of Energy for energy and cost saving. It washes at 1,200 rpm and with state-of-the-art technology. Cho and Senior Product Manager Jeff Roh reiterated the factors that make the LG Direct Drive Washing Machine the world leader.

Universitas 21 Global

Universitas 21 Global, one of the world’s premier online graduate business schools that offers a globally recognized MBA program, has celebrated its first anniversary by announcing significant milestones since it started its first intake of students a year ago. Over the past year, and as a result of their efforts, the regional office in Dubai has facilitated the sign-up of 60 students from the Arab region, making it one of the fastest growing regions for the business school outside Singapore. Also worldwide over 400 students from more than 25 countries have enrolled in its courses. Currently, the school has over 1,400 applications that are being processed. Several top profile organizations including Frontline Technologies, Satyam Computer Services, StarHub, Hewlett-Packard Company, Keppel Corporation Ltd., Singapore National Trade Union Congress (NTUC) and Korn/Ferry International have also sponsored their employees for its courses.

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