Fahd Al-Turki: G20 Summit Raises Global Ranking of Saudi Research Centers

Vice President of the King Abdullah Petroleum Studies and Research Center (KAPSARC)Fahd Al-Turki, Asharq Al-Awsat
Vice President of the King Abdullah Petroleum Studies and Research Center (KAPSARC)Fahd Al-Turki, Asharq Al-Awsat
TT

Fahd Al-Turki: G20 Summit Raises Global Ranking of Saudi Research Centers

Vice President of the King Abdullah Petroleum Studies and Research Center (KAPSARC)Fahd Al-Turki, Asharq Al-Awsat
Vice President of the King Abdullah Petroleum Studies and Research Center (KAPSARC)Fahd Al-Turki, Asharq Al-Awsat

Fahd Al-Turki, Vice President of the King Abdullah Petroleum Studies and Research Center (KAPSARC), said that the G20 Riyadh summit 2020 will highlight Saudi Arabia globally, expand partnership networks, and enhance intellectual leadership, along with upgrading the global ranking of Saudi research centers.

A think tank conference bringing together a research and policy advice network for the G20 Saudi Presidency, dubbed Think20 (T20), will be held in Riyadh on Sunday and will discuss about 122 research tracks that represent the priorities of most think tanks and studies conducted.

Speaking to Asharq-Awsat, Turki said recommendations reached at the conference will be submitted to the leaders of the twenty countries next October, a few days before the G20 summit is held in Riyadh.

He also stated that KAPSARC and the King Faisal Center for Research and Islamic Studies were chosen to participate in the leadership of the T20, which is one of the communication groups in the G20 formed with the aim of providing information, research papers and supporting the outcomes of the summit to be held in Saudi Arabia this year.

The T20 group, according to Turki, aims to shape and influence the global dialogue through evidence-based research, to include national interests in the global agenda by holding dialogues and discussion sessions between different thought and opinion institutions, and to provide a platform for energy research centers and Saudi thought institutions to share their views and research.

Turki pointed out that Saudi Arabia seeks to achieve a future of economic prosperity, sustainability and inclusion, and therefore focused its goals on climate change and the environment by looking to set up a circular economy with low carbon emissions.

He also said that Saudi Arabia is focused on the empowerment of women and youth for a more inclusive society that observes pluralism, economic development and financial sustainability.



Bahrain’s Investcorp Announces Major Changes in its Executive Team

Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
TT

Bahrain’s Investcorp Announces Major Changes in its Executive Team

Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)
Bahrain’s Investcorp has more than $52 billion in assets under management (The company’s website)

Bahrain’s Investcorp, a leading global alternative investment firm, announced on Monday a major change in its executive leadership team, saying that co-CEO Hazem Ben-Gacem will leave after 30 years as the company embarks on a major management reshuffle in an effort to boost returns.

In a statement, Investcorp said co-CEO Rishi Kapoor had been appointed vice chairman and chief investment officer while Executive Chairman Mohammed Alardhi would assume additional responsibilities previously undertaken by the co-CEOs.

The group has more than $52 billion in assets under management and is known for taking luxury brands public.

Ben-Gacem will leave Investcorp effective Nov. 1, but will continue as vice chairman of investment unit Investcorp Capital, the company said.

As part of the shake-up, Investcorp said it had consolidated and organized its investment activities in three units.

Dave Tayeh is taking the helm of Private Equity and Private Equity like, Herb Myers and Mike O'Brien will be in charge of Real Assets, and Jeremy Ghose will lead the Credit business.

Yusef Al-Yusef will be leading the Global Distribution Platform.

Mohammed Alardhi, Executive Chairman at Investcorp, said: “As we increase our focus on leveraging the strength of our existing investment platform, we recognize it is the right time to broaden our executive leadership to support our future growth plans.”

“Rishi and Hazem have helped lead our business from strength to strength in the last several years after we launched our growth journey,” he added.