KAUST ·
Chuan Xia, a Ph.D. student at KAUST, won the best poster award at the International Conference on Materials for Advanced Technologies (ICMAT) 2017. The poster's topic is not specified in the provided text. Why it matters: Recognition at ICMAT highlights KAUST's contributions to materials science and engineering.
KAUST ·
KAUST's Stochastic Numerics Research Group is developing methods for pricing European options. Their approach, detailed in an upcoming Journal of Computational Finance article, focuses on systematically tuning parameters to achieve accuracy while minimizing computational effort. The goal is to enable automated computation of fair prices for options contracts, similar to how insurance companies determine premiums. Why it matters: This research advances computational finance in the region, potentially improving risk management and investment strategies.
KAUST ·
KAUST has launched the KAUST Mathematics Competition (KMC), a national mathematics initiative for middle and high school students in Saudi Arabia. The competition aims to identify and nurture young mathematical talent, aligning with Saudi Vision 2030. Winners will receive prizes and the opportunity to attend a joint summer mathematics camp at KAUST and the University of Cambridge in 2026, with registration open until Nov 9, 2025. Why it matters: This competition can help develop a pipeline of Saudi talent in STEM fields crucial for advancing the Kingdom's AI ambitions.
KAUST ·
KAUST Ph.D. student Chiheb Ben Hammouda won the best poster award at the Society for Industrial and Applied Mathematics Conference on Financial Mathematics & Engineering (FM19) for his work on option pricing under the rough Bergomi model. The winning poster, titled "Hierarchical adaptive sparse grids and quasi-Monte Carlo for option pricing under the rough Bergomi model," details research carried out under the supervision of KAUST Professor Raul Tempone. The research group designed new efficient numerical methods for pricing derivatives under the rough Bergomi model by combining smoothing techniques. Why it matters: This award highlights KAUST's growing expertise in financial mathematics and its contribution to solving complex problems in the field using advanced numerical methods.
KAUST ·
KAUST Professor of Applied Mathematics and Computational Science, Dr. Peter Markowich, has been named a 2020 Fellow to the European Academy of Sciences. This recognizes his work in the mathematical and numerical analysis of partial differential equations. Markowich joined KAUST in 2011 and has contributed to over 270 projects worldwide. Why it matters: This honor brings recognition to KAUST's faculty and highlights the university's contribution to advanced mathematical research with applications across science and engineering.
KAUST ·
KAUST hosted the New Challenges in Heterogeneous Catalysis research conference from January 29-31. The conference brought together catalysis researchers from KAUST and abroad to inspire future research and discuss challenges in heterogeneous catalysis. Discussions focused on new chemistry, catalytic materials, understanding catalytic processes, and activation of small molecules like methane and carbon dioxide. Why it matters: Catalysis research is crucial for KAUST's research thrusts in food, water, energy, and environment, contributing to sustainable development and green chemistry in the region.
KAUST ·
KAUST Professor Peter Markowich has been named a 2022 Fellow of the American Mathematical Society (AMS). He is recognized for contributions to partial differential equations, particularly the mathematical and numerical analysis of dispersive equations. Markowich applies differential mathematics to disciplines such as physics, AI, biology and engineering, including research on leaf venation patterns. Why it matters: This recognition highlights KAUST's strength in applied mathematics and its faculty's contributions to both theoretical and interdisciplinary research.
KAUST ·
KAUST President Tony F. Chan has been awarded the 2020 SIAM Prize for Distinguished Service to the Profession. The award recognizes Chan's contributions to applied and computational mathematics, imaging science, and scientific computing. Chan has served on advisory boards for KAIST, SUSTech, and the University of Vienna, and is a member of the NEOM Higher Council. Why it matters: The recognition highlights KAUST's leadership and influence in advancing mathematical sciences and its applications on a global stage.