This article discusses conscious investing and its potential in the Middle East, particularly in light of unprecedented market conditions. It argues that investments should align with values and aim for positive global impact, moving beyond solely maximizing shareholder value. Conscious investing can be as profitable as traditional investing while addressing social and environmental challenges. Why it matters: The piece advocates for integrating ethical considerations into investment strategies within the region, which could lead to more sustainable and socially responsible economic development.
Uwaidh Al-Harethi, executive VP at SABIC, spoke at KAUST's 2019 Winter Enrichment Program about the importance of innovation, noting that leading tech companies invest heavily to penetrate markets. He highlighted Samsung's patent filings and Amazon's innovation spending. Al-Harethi stated that SABIC makes three dollars for every one dollar spent on innovation, emphasizing its role in the chemical industry's success. Why it matters: The talk underscores the increasing focus on innovation and technology leadership within Saudi Arabia's key industries, particularly in leveraging AI for future technologies.
KAUST, VentureSouq, startAD, and Tamkeen have partnered to launch the first Conscious Investor Fellowship in the GCC. The six-week virtual program aims to enable regional investors to create sustainable change through high-impact investments. The fellowship will host 25 investors from family offices, corporations, and government entities. Why it matters: The program aims to empower mission-driven investors in the region and accelerate investment in technology-driven startups addressing societal, economic, and environmental challenges.
KAUST and MEWA's Aquaculture Development Program (ADP) showcased achievements at the 6th International Saudi Aquaculture Development Workshop. New fish nutrition formulations developed by KAUST Beacon Development (KBD) could save Saudi Arabia $417 million per year in aquaculture production costs by 2030 through improved feed conversion ratios. KBD has also established complete production cycles for Sobaity and Gilthead seabream under Red Sea conditions. Why it matters: These advancements boost Saudi Arabia's food security and promote sustainable aquaculture, reducing reliance on imports and diversifying the economy in line with Vision 2030.
Doug Greenig, Group CEO and CIO of Florin Court Capital based in London and Abu Dhabi, discussed macro trends in 2024 and beyond. Florin Court's Programme has delivered strong returns since 2017, capturing macro themes through alternative markets. Prior to founding Florin Court, Doug held leadership roles at Man/AHL, Fortress Investment Group, and Goldman Sachs. Why it matters: The presence of a leading systematic asset manager like Florin Court in Abu Dhabi signals the growing importance of the UAE as a hub for sophisticated financial firms leveraging AI and quantitative strategies.
Fahad Alsherehey, VP at SABIC, spoke at KAUST's Winter Enrichment Program (WEP) about authentic leadership. He cited SABIC's founding as an example of how leadership can turn challenges into opportunities. Alsherehey emphasized the difference between leadership and management, advocating for listening to one's team. Why it matters: The talk highlights the importance of leadership and vision in driving technological and economic development in Saudi Arabia.
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.
PepsiCo's AMESA CEO, Eugene Willemsen, spoke at KAUST's Winter Enrichment Program (WEP) 2022 about sustainability and resilience. He highlighted the importance of organizations addressing climate change and resource emergencies through innovative synergies. Willemsen emphasized PepsiCo's Pep+ initiative, focusing on positive agriculture, value chain, and choices, to transform the food system. Why it matters: This showcases KAUST's role in convening global leaders to discuss sustainability challenges relevant to the Middle East, particularly in food and agriculture.