World

Four Saudi women listed in Forbes top 50 most powerful businesswomen

Four Saudi women made it to this year’s Forbes list of top 50 most powerful businesswomen, which featured women from 19 countries and 17 sectors.

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The Saudi Arabian women who made it to the list are Sarah al-Suhaimi, Hutham Olayan, Lubna Olayan, and Basma al-Maiman.

Sarah al-Suhaimi

In fourth place was Sarah al-Suhaimi, the first Saudi woman to chair the Kingdom’s Stock Exchange Tadawul. The Saudi Arabian Stock Exchange is the Middle East’s largest stock market.

She is also a board member of the country’s largest telecom operator Saudi Telecom Company (STC) and is a trustee of the International Financial Reporting Standards Foundation.

Al-Suhaimi also serves on the Board of Directors of the Saudi Cultural Development Fund and Saudia airlines.

Hutham Olayan

Hutham Olayan ranked in sixth place is the chairwoman of the Olayan Group, a private, multinational enterprise with an actively managed portfolio of global investments. Founded in 1947, the Olayan Group is an international investor that operates in an array of different sectors.

In January 2021, Olayan was appointed to the board of Brookfield Asset Management Inc.

Real estate assets include 550 Madison Avenue in New York, Knightsbridge Estate in London, and the Hotel Ritz in Madrid, according to Forbes Middle East.

In Saudi Arabia, the Olayan Group bottles Coca-Cola, runs Burger King restaurants, and manufactures cans and paper.

Lubna Olayan

Lubna Olayan ranked 11th place in the Forbes list. She served as the Chief Executive officer of Olayan Finance for over 30 years and retired in 2019.

In 2019, she became the chairwoman of Saudi British Bank (ABB). She also chaired the board of Alawwal Bank which merged with SABB in 2021.

Olayan was the first woman to join the board of directors of a Saudi-listed company.

Additionally, she is part of the board of Olayan Finance, Schlumberger and Ma’aden, Allianz, McKinsey & Cp, Bank of American Merrill Lynch and Akbank.

Basmah Abdulaziz al-Mayman

In 15th place was Basmah al-Mayman, the Regional Director for the Middle East at the United Nations World Tourism Organization (UNWTO), a position which she has held since 2018, making her the first GCC national to hold a leadership position at UNWTO and the first woman to spearhead the region in the organization’s history.

Al-Mayman also established the World Tourism Academy in Saudi Arabia in cooperation with the UNWTO. In 2020, she was recognized by the World Bank as one of the MENA region’s youngest CEOs.

Prior to this, she worked at the Saudi Commission for Tourism and national heritage (SCTH) for over 17 years.

This year’s Forbes Middle East list of the top 50 most influential and successful businesswomen also includes women from the United Arab Emirates, Egypt, Saudi Arabia, Morocco, Kuwait and Oman.

When creating the ranking, Forbes said that it took revenues, assets, market capitalization, designation, overall work experience, accomplishments achieved over the past year, corporate social responsibility and editorial points into consideration.

Humanitarians weigh in on challenges threatening world peace, coexistence

The changing roles of women in the Saudi workforce under Vision 2030

World

Crown Prince of Abu Dhabi meets with CEOs of leading Norwegian companies

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has met with a group of CEOs from leading Norwegian companies, as part of their participation in the UAE-Norway Investment Forum, held alongside his official visit to the Kingdom of Norway.

During the meeting, H.H. Sheikh Khaled bin Mohamed bin Zayed underscored the UAE leadership’s commitment to strengthening economic cooperation with its international partners.

He highlighted that investment in innovation and knowledge is a cornerstone for achieving sustainable development, noting that enhancing collaboration with Norwegian companies across key sectors will open new avenues for mutual economic growth between the two countries.

The UAE-Norway Investment Forum, taking place in Oslo, aimed to highlight available investment opportunities and strengthen trade relations between the UAE and Norway, fostering shared interests and supporting innovation and knowledge-based economic visions.

-wam

World

At the Indonesia International Book Fair 2024, TRENDS inaugurates 10th global office, releases four books

As part of its Asian research tour, partnership with Aletihad News Center, and
primary sponsorship of the Indonesia International Book Fair 2024, TRENDS
Research & Advisory inaugurated its office in Jakarta, marking its 10th location
worldwide. It also released four books in Indonesian.
The inauguration event was attended by ambassadors of the UAE, Bahrain, and
Jordan to Indonesia, chairpersons of the UAE and Indonesian Publishers’
Associations, the Director of TRENDS’ Jakarta office, and a group of researchers
and academics.
Speaking at the event, Dr. Mohammed Abdullah Al-Ali, CEO of TRENDS
Research & Advisory, stated that TRENDS’ international offices—set to reach 15
by the end of 2024—aim to enhance the Center’s research efforts and deepen its
role in disseminating knowledge, thus serving as a global knowledge bridge.
He emphasized, “At TRENDS, we believe in the importance of cooperation
between think tanks and prioritize this endeavor. We believe the TRENDS office in
Jakarta will enhance the exchange of knowledge and ideas between think tanks in
Asia and the Middle East, opening new horizons for collaboration in various
fields.”

Four books in Indonesian
As part of the Jakarta office’s inaugural activities, four books were released in
Indonesian, including the 11th and 12th books of the Muslim Brotherhood
Encyclopedia and Global Trends in AI and Automation and the Future of
Competition between Man and Machine: An Analytical Forward-looking Vision.

Hostility to Arab states
The 11th book of the Muslim Brotherhood Encyclopedia, The Concept of the State
According to the Muslim Brotherhood, highlights its hostile stance toward Arab
states since its inception. The group views them as an obstacle to its ascent to
power. It opposed the modern principles upon which these states were built,
considering them incompatible with the group’s unique interpretation of Islam,
which it claimed to embody exclusively.

Exclusion of nonconformists
The 12th book, The Muslim Brotherhood: Rejection of Tolerance and Exclusion of
Nonconformists, examines the Muslim Brotherhood’s stance towards
nonconformists, individuals, and entities. The book reveals the group’s binary view
of the world, categorizing others as allies or adversaries. It ties these relationships
to the Brotherhood’s internal power struggles and self-serving interests.

Global Trends in AI
The third book, Global Trends in AI, explores significant developments in AI and
its impact on various aspects of life, including the economy, society, and
governance. It also offers a comprehensive analysis of technological advancements
in AI, its applications across sectors, the ethical and social challenges it presents,
and its future trajectory.

Automation

The fourth book, Automation and the Future of Competition between Man and
Machine: An Analytical Forward-looking Vision, addresses the growing challenges
faced by the human workforce in the face of widespread automation and AI
applications. The book concludes that while automation presents a significant
challenge to the labor market, it simultaneously creates new opportunities. It
emphasizes the importance of preparing for this shift through skills development,
continuous education, and adopting economic and social policies that support the
workforce.

Prominent pavilion and active presence
The TRENDS’ pavilion at the Indonesia International Book Fair has attracted
numerous visitors, including academic researchers and officials, such as the
ambassadors of the UAE, Bahrain, Qatar, Jordan, and Turkey. Additionally,
chairpersons of Arab and Indonesian publishers’ associations, authors, publishers,
and students visited the pavilion. All were impressed with and praised TRENDS’ diverse, valuable publications. They also commended TRENDS’ active
international presence and ability to address global developments with rigorous
analytical research.
Dr. Mohammed Abdullah Al-Ali honored the esteemed guests, including
ambassadors of the UAE and Bahrain to Indonesia, Wedha Startesti Yudha,
Chairperson of the Indonesia International Book Fair Committee, Arys Hilman
Nugraha, Chairman of the Indonesian Publishers Association, and others,
presenting them with TRENDS’ publications and commemorative shields.
Additionally, he awarded TRENDS’ Research Medal to Ni Made Ayu Martini
Indonesian Deputy Minister of Marketing, Tourism and Creative Economy
It is worth noting that during its current Asian research tour, TRENDS announced
the launch of the TRENDS Research Medal, awarded to individuals who make
significant contributions to the development of scientific research and promote collaboration with TRENDS in strengthening a culture of research across various fields.

World

US determined to prevent full-scale war in Middle East, Joe Biden tells UNGA79

US President Joe Biden highlighted the US Administration’s determination to prevent a wider war that engulfs the entire Middle East region, noting that a diplomatic solution “remains the only path to lasting security to allow the residents from both countries to return to their homes on the border safely”.

In remarks he made today before the 79th Session of the United Nations General Assembly (UNGA79), the US President said, “Full-scale war is not in anyone’s interest,” adding that a diplomatic solution is still possible.

He also touched on “the rise of violence against innocent Palestinians on the West Bank”, and the need to “set the conditions for a better future”, which he said featured “a two-state solution, where the world — where Israel enjoys security and peace and full recognition and normalised relations with all its neighbours, where Palestinians live in security, dignity, and self-determination in a state of their own”.

President Biden underscored the ceasefire and hostage deal put forth by Qatar and Egypt, which the UN Security Council endorsed. He said, “Now is the time for the parties to finalise its terms, bring the hostages home,” adding that this would help ease the suffering in Gaza, and end the war.

-WAM