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Rania Nashar Wins the Distinguished Arab Woman Award in Economics, Banking for Year 2020

Rania Nashar Wins the Distinguished Arab Woman Award in Economics, Banking for Year 2020
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Rania Nashar Wins the Distinguished Arab Woman Award in Economics, Banking for Year 2020

Rania Nashar Wins the Distinguished Arab Woman Award in Economics, Banking for Year 2020

The Arab Women Authority announced its choice of Ms. Rania Nashar for the Distinguished Arab Woman Award in the field of economics and banking for the year 2020, culminating her successful career and distinguished achievements in the Arab banking and economic activity, and in recognition of her solid willpower and ability to contribute to the development of the Saudi economy.

Ms. Rania Nashar, CEO of Samba Financial Group, expressed her pride in receiving the Distinguished Arab Woman Award in the field of economics and banking for the year 2020 from the Arab Women Authority, an Arab non-governmental organization concerned with empowering the role of Arab women in the development of Arab societies and enhancing their activity. Ms. Nashar becomes the first Arab woman to win this award in this field since its launch by the Arab League in 2004.

“This award adds a new responsibility and drives me to exert more efforts in representing Arab women in a manner that suits their capabilities and befits their stature,” Nashar was quoted as saying, expressing her thanks and appreciation to the award jury for this trust, which is a tribute to Arab women in general.

The Distinguished Arab Woman Award is the most important Arab award to honor Arab women who are distinguished in various fields of work and creation. The award aims to introduce the achievements of Arab women in various fields of work, and document their scientific and practical achievements to highlight the artistic, cultural, scientific and economic innovations of the Arab women and display a bright image of them in regional and international forums by presenting pioneering and creative models of Arab women who had firm imprints in various business sectors.

Dr. Russell Al-Nuaimi, the official spokeswoman of the Arab Women Authority, said: “Ms. Nashar’s winning of this award, which is the most important Arab award presented to distinguished Arab women, organized in cooperation with the League of Arab States, marks her as the first Arab woman to receive this award in the field of economics and banking”.

Dr. Russell indicated that this award culminates in the established track record of Ms. Nashar amidst many challenges.

“With her professionalism, determination, and dedication, she was able to surpass those challenges, recording a clear imprint and a prominent presence in the Saudi banking industry through her unrivaled success in the position of Samba Financial Group’s CEO, in addition to assuming many financial and banking positions armed with competence, scientific qualification, practical experience and determination to succeed and excel in this extremely difficult and complex field where fewer women have assumed leadership posts in it” Dr. Russell added.

“The Jury and the Board of Trustees expressed great commendation and appreciation for the journey of a self-made Arab woman armed with education, knowledge, and training in order to take over the management and leadership of a leading banking and financial institution in her country, the Kingdom of Saudi Arabia, with complete excellence and integrity, thus reflecting the success of Saudi women and their evolving role in contributing to the labor market and participation in nation-building, embodying the Vision 2030 of the Saudi Crown Prince, His Royal Highness Prince Mohammed bin Salman, which gave a strong impetus and a great motivation for underscoring the importance of Saudi women’s effective engagement and influence in various fields of work and production,” says Dr. Russell.

The official spokeswoman of the Arab Women Authority concluded her statement by greeting Ms. Rania Nashar on her bridging between leadership work and the corporate social responsibility in supporting community development initiatives and backing activities that elevate the image of women and improve their living conditions.

Ms. Rania Nashar is the first Saudi woman to hold the position of CEO of a Saudi bank, with more than 22 years of experience in banking. In addition to her position as CEO of Samba Financial Group, she holds the position of Deputy Chairman of Samba Capital, the investment arm of the group. In addition to membership in the boards of directors of Samba Bank Limited in Pakistan, Samba Global Markets Ltd., and the Institute of International Finance, and to being a member of the Advisory Committee of the Board of Directors of the Capital Market Authority, the National Center for Performance Measurement, the Saudi Stock Market Board “Tadawul”, the Saudi Space Authority, and the Saudi Polo Federation.

Ms. Nashar also chairs the Women’s Empowerment in Business Action Council, which is one of the main initiatives emanating from the G20 Business Group that Saudi Arabia is presiding over this year. Ms. Nashar is considered one of the most prominent females with presence and influence in the Arab business communities, as she maintained her position in 2019, for the second year in a row, on the list of “Top 100 Powerful Women in the World” according to the annual poll of the American "Forbes" magazine.

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Varieties

China's Population Falls for 3rd Straight Year

A delivery worker sits on a delivery vehicle along a street in Beijing on January 17, 2025. (Photo by Jade GAO / AFP)
A delivery worker sits on a delivery vehicle along a street in Beijing on January 17, 2025. (Photo by Jade GAO / AFP)
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China's Population Falls for 3rd Straight Year

A delivery worker sits on a delivery vehicle along a street in Beijing on January 17, 2025. (Photo by Jade GAO / AFP)
A delivery worker sits on a delivery vehicle along a street in Beijing on January 17, 2025. (Photo by Jade GAO / AFP)

China's population fell last year for the third straight year, its government said Friday, pointing to further demographic challenges for the world's second most populous nation, which is now facing both an aging population and an emerging shortage of working age people.
China's population stood at 1.408 billion at the end of 2024, a decline of 1.39 million from the previous year, The Associated Press reported.
The figures announced by the government in Beijing follow trends worldwide, but especially in East Asia, where Japan, South Korea, Hong Kong and other nations have seen their birth rates plummet. China three years ago joined Japan and most of Eastern Europe among other nations whose population is falling.
The reasons are in many cases similar: Rising costs of living are causing young people to put off or rule out marriage and child birth while pursuing higher education and careers. While people are living longer, that's not enough to keep up with rate of new births.
Countries such as China that allow very little immigration are especially at risk.
China has long been among the world’s most populous nations, enduring invasions, floods and other natural disasters to sustain a population that thrived on rice in the south and wheat in the north. Following the end of World War II and the Communist Party’s rise to power in 1949, large families re-emerged and the population doubled in just three decades, even after tens of millions died in the Great Leap Forward that sought to revolutionize agriculture and industry and the Cultural Revolution that followed a few years later.
After the end of the Cultural Revolution and leader Mao Zedong's death, Communist bureaucrats began to worry the country’s population was outstripping its ability to feed itself and began implementing a draconian “one child policy.” Though it was never law, women had to apply for permission to have a child and violators could face forced late-term abortions and birth control procedures, massive fines and the prospect of their child being deprived an identification number, effectively making them non-citizens.
Rural China, where the preference for male offspring was especially strong and two children were still ostensibly allowed, became the focus of government efforts, with women forced to present evidence they were menstruating and buildings emblazoned with slogans such as “have fewer children, have better children."
The government sought to stamp out selective abortion of female children, but with abortions legal and readily available, those operating illicit sonogram machines enjoyed a thriving business.
That has been the biggest factor in China’s lopsided sex ratio, with as many as millions more boys born for every 100 girls, raising the possibility of social instability among China’s army of bachelors. Friday’s report gave the sex imbalance as 104.34 men to every 100 women, though independent groups give the imbalance as considerably higher.
More disturbing for the government was the drastically falling birthrate, with China’s total population dropping for the first time in decades in 2023 and China being narrowly overtaken by India as the world’s most populous nation in the same year. A rapidly aging population, declining workforce, lack of consumer markets and migration abroad are putting the system under severe pressure.
While spending on the military and flashy infrastructure projects continues to rise, China’s already frail social security system is teetering, with increasing numbers of Chinese refusing to pay into the underfunded pension system.
Already, more than one-fifth of the population is aged 60 or over, with the official figure given as 310.3 million or 22% of the total population. By 2035, this number is forecast to exceed 30%, sparking discussion of changes to the official retirement age, which one of the lowest in the world. With fewer students, some vacant schools and kindergartens are meanwhile being transformed into care facilities for older people.
Such developments are giving some credence to the aphorism that China, now the world’s second largest economy but facing major headwinds, will “grow old before it grows rich.”
Government inducements including cash payouts for having up to three children and financial help with housing costs have had only temporary effects.
Meanwhile, China continued its transition to an urban society, with 10 million more people moving to cities for an urbanization rate of 67%, up almost a percentage point from the previous year.