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Samba Financial Group CEO Among 100 Most Powerful Women in the World

Samba Financial Group CEO Rania Nashar. Asharq Al-Awsat
Samba Financial Group CEO Rania Nashar. Asharq Al-Awsat
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Samba Financial Group CEO Among 100 Most Powerful Women in the World

Samba Financial Group CEO Rania Nashar. Asharq Al-Awsat
Samba Financial Group CEO Rania Nashar. Asharq Al-Awsat

Saudi Arabia’s Rania Nashar, Samba Financial Group CEO, has been named in Forbes 100 most powerful women in the world for the second time.

Nashar was ranked 97th in the list.

Samba Financial Group is Saudi Arabia's third-largest bank by assets, Forbes said.

Nashar previously served as a board member for Samba's global markets subsidiary and has over 20 years of experience in the commercial banking sector, it added.

The top-ranked woman for the ninth year in a row is German Chancellor Angela Merkel. Christine Lagarde, who was newly appointed president of the European Central Bank, comes second, while US Speaker Nancy Pelosi returns to the list in the number three spot.

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Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
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Saudi Arabia, Italy Sign MoU to Strengthen Collaboration in Renewable Energy

The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA
The MoU focuses on key areas such as energy transitions and security, renewable energy and electricity interconnection. SPA

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz has met in Riyadh with Italian Minister of Environment and Energy Security Gilberto Pichetto Fratin to explore avenues for cooperation across various energy sectors.

The two sides signed on Tuesday a memorandum of understanding (MoU) to strengthen collaboration between Saudi Arabia and Italy, serving their shared interests.

The MoU focuses on key areas such as energy transitions and security, renewable energy, electricity interconnection, energy efficiency, geothermal energy, methane emissions reduction, advancing energy storage solutions, petroleum, natural gas, and conventional and transitional fuels.

It also addresses enhancing the stability and reliability of petroleum and natural-gas markets, reducing market volatility, and improving energy supply security and supply chains.
The agreement highlights innovation and technology, such as hydrogen project development, climate-change mitigation solutions, the circular carbon economy, and carbon capture, utilization, and storage. Additionally, it emphasizes digital transformation, cybersecurity, and artificial intelligence in the energy sector while fostering joint initiatives to support engineering and construction projects in energy. These efforts align with the Paris Agreement and the 2030 Agenda for Sustainable Development.