PIF Executive: Saudi Women Are Partners in the Kingdom’s Development

A recent meeting of the Board of Directors of the Public Investment Fund (PIF), chaired by Saudi Crown Prince Mohammed bin Salman. In the framework, the PIF Secretary General and the Legal Adviser. (Photo: Asharq Al-Awsat)
A recent meeting of the Board of Directors of the Public Investment Fund (PIF), chaired by Saudi Crown Prince Mohammed bin Salman. In the framework, the PIF Secretary General and the Legal Adviser. (Photo: Asharq Al-Awsat)
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PIF Executive: Saudi Women Are Partners in the Kingdom’s Development

A recent meeting of the Board of Directors of the Public Investment Fund (PIF), chaired by Saudi Crown Prince Mohammed bin Salman. In the framework, the PIF Secretary General and the Legal Adviser. (Photo: Asharq Al-Awsat)
A recent meeting of the Board of Directors of the Public Investment Fund (PIF), chaired by Saudi Crown Prince Mohammed bin Salman. In the framework, the PIF Secretary General and the Legal Adviser. (Photo: Asharq Al-Awsat)

Shihana Alazzaz is one of the most prominent Saudi female figures. Today, she occupies a remarkable position in one of the most vital sectors in the country, as the General Legal Counsel and Secretary General of the Board of Directors of the Public Investment Fund (PIF).

In an interview with Asharq Al-Awsat, Alazzaz talked about women’s empowerment in Saudi Arabia and the qualitative shift brought about by the Kingdom’s Vision 2030.

“Today, the Saudi woman is walking at a steady pace and firm determination behind the Custodian of the Two Holy Mosques, an inspiring Crown Prince and an ambitious vision, after overcoming the challenges of the past, with the acceleration of the development of laws and procedures that guarantee her rights and ensure her participation in both economic and societal progress,” she said.

She encouraged Saudi women to actively engage in the development of their country.

“We must continue the march and work with determination without any delay or retreat, to seize the opportunities and enter the labor market with competence, pioneering spirit and open-mindedness that accepts competition and risk,” she underlined.

Asked about the achievements of Saudi female leaders, Alazzaz stressed that societies flourish with the effectiveness of their members, women and men.

“Undoubtedly, the success of women is positively reflected on the family and the entire community, and is considered one of the foundations for advancement and prosperity. Human civilizations, throughout history, have witnessed the positive and inevitable role of women,” she affirmed.

Underlining the importance of Saudi women’s engagement in the Kingdom’s march towards achieving Vision 2030, Alazzaz called on female leaders and entrepreneurs to consolidate their successes and aim for broader horizons.

“Let us imagine what our societies can achieve by stimulating other aspects of women’s engagement in the labor market, economy, entrepreneurship, science, education and research, in addition to their participation in decision-making, drawing strategies, setting policies, strengthening international relations and diplomacy, and other contributions in which women can have a leadership, effective and positive role,” she stated.

According to the PIF secretary-general, the successes of Saudi women in some areas have surpassed their counterparts from all over the world. She emphasized that their names have emerged in the fields of medicine, engineering, literature and others, adding that some of them have received international patents, awards and certificates of appreciation.

Alazzaz told Asharq Al-Awsat that the qualitative shift brought about by Vision 2030 was based on an important strategic principle: “The human being is the change maker in economic and social development. Accordingly, the vision adopted fundamental principles for empowering women socially and economically, making them an efficient partner in the development of the homeland.”

Asked about her role in PIF, she said: “My work in the Public Investment Fund is a professional and patriotic duty in the first place, and a proof of the confidence of our leaders in the national women cadres and the availability of opportunities based on competence without discrimination.”

“We always strive to achieve more, fulfill the aspirations of our leaders, and efficiently cooperate with every colleague and official,” Alazzaz concluded.



US and UK Announce Plans for a Trade Deal That Trump Says Would Cement Their Relationship

British Prime Minister Keir Starmer (C) speaks to the media after a phone conversation with US President Donald Trump, at a Jaguar Land Rover automobile manufacturing plant in the West Midlands, Britain, 08 May 2025. (EPA)
British Prime Minister Keir Starmer (C) speaks to the media after a phone conversation with US President Donald Trump, at a Jaguar Land Rover automobile manufacturing plant in the West Midlands, Britain, 08 May 2025. (EPA)
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US and UK Announce Plans for a Trade Deal That Trump Says Would Cement Their Relationship

British Prime Minister Keir Starmer (C) speaks to the media after a phone conversation with US President Donald Trump, at a Jaguar Land Rover automobile manufacturing plant in the West Midlands, Britain, 08 May 2025. (EPA)
British Prime Minister Keir Starmer (C) speaks to the media after a phone conversation with US President Donald Trump, at a Jaguar Land Rover automobile manufacturing plant in the West Midlands, Britain, 08 May 2025. (EPA)

The United States and Britain announced plans for a symbolically important trade deal on Thursday, likely lowering the financial burden from President Donald Trump’s sweeping tariffs while creating greater access abroad for American goods.

The announcement provided a political victory for UK Prime Minister Keir Starmer and provided a degree of validation for Trump's claims that his turbulent approach on trade may be able to rebalance the global economy on his preferred terms. Yet the terms of the deal have yet to be completed so that it can be signed, a reminder that a process Trump has promised would be quick could take weeks as other nations with which the US runs a trade deficit worry that the Republican president's import taxes will drag down economic growth across the world.

“The final details are being written up,” Trump told reporters. “In the coming weeks, we’ll have it all very conclusive.”

The president said that the agreement would lead to more beef and ethanol exports to the UK, which would also streamline the processing of US goods through customs.

Starmer, speaking over the phone to Trump, stressed the importance of the relationship between the two countries as the anniversary of the World War II victory in Europe was being commemorated.

“To be able to announce this great deal on the same deal 80 years forward, almost at the same hour and as we were 80 years ago with the UK and the US standing side by side, I think is incredibly important,” Starmer said.

Britain said its deal with the United States will cut tariffs on UK cars from 27.5% to 10% and eliminate tariffs on steel and aluminum.

The British government said the deal sets a quota of 100,000 UK vehicles that can be imported to the US at a 10% tariff. It said the Trump-imposed 25% tariff on British steel will fall to nothing.

The UK said the agreement includes new reciprocal market access on beef and removes the tariff on ethanol going into the UK from the US, down to zero.

The planned deal was the first outlined since Trump began his stutter-step efforts to rewire the global economy by dramatically increasing import taxes in an attempt to increase domestic manufacturing. The Republican president quickly rolled out tariffs after returning to the White House, targeting traditional allies such as the UK with import taxes on steel, aluminum and autos.

Trump announced near universal tariffs on April 2, then partially retreated a week later and announced that his administration would seek individual agreements with various countries over the next few months.

The US already runs a trade surplus with the UK, making it a bit easier to find common ground as Trump has staked his tariffs on specifically eliminating the annual trade deficits with multiple nations he says have taken advantage of the US.

No new deals have been reached with America's largest trading partners, including Canada, Mexico and China. Trump has left the highest tariffs in place on China, sparking a confrontation between the world's two biggest economies. Washington and Beijing are sending officials to Switzerland this weekend for an initial round of trade talks.

Trump promised on Thursday that there are "many other deals, which are in serious stages of negotiation, to follow!”

Starmer, speaking at a defense conference in London, said “talks with the US have been ongoing, and you’ll hear more from me about that later today.”

The US and the UK have been aiming to strike a bilateral trade agreement since the British people voted in 2016 to leave the European Union, allowing the country to negotiate independently of the rest of the continent. Then-Prime Minister Boris Johnson touted a future deal with the US as an incentive for Brexit.

Negotiations started in 2020, during Trump’s first term. But the talks made little progress under President Joe Biden, a Democrat and a critic of Brexit. Negotiations resumed after Trump returned to office in January and intensified in recent weeks.

A major goal of British negotiators has been to reduce or lift the import tax on UK cars and steel, which Trump set at 25%. The US is the largest destination for British cars, accounting for more than a quarter of UK auto exports in 2024, according to the Office for National Statistics.

Britain has also sought tariff exemptions for pharmaceuticals, while the US wants greater access to the British market for agriculture products. Starmer’s government has said it won’t lower UK food standards to allow in chlorine-rinsed American chicken or hormone-treated beef.

The British government will see a deal as a vindication of Starmer’s emollient approach to Trump, which has avoided direct confrontation or criticism. Unlike the European Union, Britain did not announce retaliatory tariffs on US goods in response to Trump’s import taxes.

A trade deal with the United Kingdom would be symbolically important and a relief for British exporters. But an agreement would do little to address Trump’s core concern about persistent trade deficits that prompted him to impose import taxes on countries around the world.

The US ran a $11.9 billion trade surplus in goods with the UK last year, according to the Census Bureau. The $68 billion in goods that the US imported from the UK last year accounted for just 2% of all goods imported into the country.

The US is much more important to the UK economy. It was Britain's biggest trading partner last year, according to government statistics, though the bulk of Britain’s exports to the US are services rather than goods.

Trump has previously said that his leverage in talks would be US consumers, but he appeared to suggest that the UK would also start buying more American-made goods.

“I think that the United Kingdom, like every other country, they want to ... go shopping in the United States of America," he said.

A trade deal with the US is one of several that Starmer’s government is seeking to strike. On Tuesday, Britain and India announced a trade agreement after three years of negotiations. The UK is also trying to lift some of the barriers to trade with the EU imposed when Britain left the bloc in 2020.