Women achievers honored at Abu Dhabi business show

Updated 02 February 2014

Women achievers honored at Abu Dhabi business show

Two popular and influential Emirati women executives have received prestigious ‘Excellence Awards’ which applaud best-in-class American and Emirati individuals and businesses for their achievements in the local business community.
Michael H. Corbin, US ambassador to the UAE, presented the awards to Sheikha Lubna bint Khalid Al-Qasimi, UAE minister of development and international co-operation and Noura Al-Kaabi, CEO of Abu Dhabi Media Zone Authority (twofour54).
They were honored at the AmCham Abu Dhabi’s Annual Excellence Awards and Annual Charity Gala tin Abu Dhabi.
More than 300 top business executives and government officials gathered to recognize leading UAE companies, institutions and entrepreneurs for their dedication to strengthening US-UAE commercial relations.
While Sheikha Lubna received the AmCham Abu Dhabi’s Falcon Individual Award which recognizes an individual demonstrating an outstanding commitment to sustainable US-UAE business relations, the Young Achiever Award went to Noura Al-Kaabi.
Sheikha Lubna is the first woman in the UAE to hold a cabinet position, where she had major impact on enhancing UAE economic and foreign trade relations with the US.
In 2013, Sheikha Lubna was appointed the minister of international cooperation and development.
She joined the federal government in 2004 as minister of economy, becoming the first woman to assume a cabinet position in the UAE.
She was later appointed in 2008 as minister of foreign trade.
She founded Tejari, the Middle East’s first business-to-business online marketplace in 2000. Currently the successful firm has branches across the region.
Sheikha Lubna has been honored by several countries for her role in enhancing their relations with the UAE.
In 2013, Forbes Magazine recognized her as the most powerful Arab woman and the world’s 67th most powerful women.
Besides her ministerial responsibilities, she also a board director at the Emirates Nuclear Energy Corporation, a member of the Governing Board of the Lee Kuan Yew School of Public Policy — National University of Singapore, a member of the Board of Trustees for Thunderbird, The American Graduate School of International Management, Phoenix Arizona, a Board Director at the Emirates Foundation for Youth Development, a member of the Board of Trustees of the Dubai School of Government and Co-Founder and Board Member of the Friends of Cancer Patients.
Noura Al-Kaabi, CEO of twofour54, leads the Media Zone Authority and its subsidiaries, whose primary objectives are to foster Arab-focused media and digital businesses in the UAE.
Noura is the first Emirati who ranked on Foreign Policy magazine’s ‘Top 100 Global Thinkers List’, an honor she received in 2013. Pope Francis, John Kerry, Vladimir Putin, Hassan Rouhani, Angela Merkel, Dilma Rousseff and Mark Zuckerberg were some other names in the global thinkers list.
Also in 2013, France’s leading weekly news magazine, Le Nouvel Observateur, named Noura one of the 50 individuals who contribute to changing the world.
She was named Forbes Middle East’s 30 Most Influential Women in Government in 2013, Arabian Business’ 100 most powerful Arab Women in 2011 and 2012 and CEO Middle East’s 100 most powerful Arab Women in 2012.
Noura, who is a member of the Federal National Council (FNC), also oversees Abu Dhabi Film Festival, the Abu Dhabi Film Commission, and the Abu Dhabi Media Summit and sits on the board of Abu Dhabi Media, Abu Dhabi Chamber of Commerce, Image Nation and the Abu Dhabi Sports Council. She is also a member of the Advisory Board for Abu Dhabi Music & Arts Foundation and a member of the Scientific Committee of the Sheikh Zayed Book Award.
“AmCham Abu Dhabi is proud to recognize the winners of the 2014 Annual Excellence Awards,” said Matthew E. Byrd, chairman, AmCham Abu Dhabi.
“This year’s Excellence Awards winners are truly outstanding individuals and organizations; they embody excellence in their business by demonstrating passion and dedication to their work while continuing the strong bilateral commercial relationship between the US and UAE,” he added.

Merkel seeks united front with China amid Trump trade fears

Updated 22 May 2018

Merkel seeks united front with China amid Trump trade fears

  • Merkel seeks common ground to ward off trade war
  • Plans complicated by US policy moves

Chancellor Angela Merkel visits China on Thursday, seeking to close ranks with the world’s biggest exporting nation as US President Donald Trump shakes up explosive issues from trade to Iran’s nuclear deal.

Finding a common strategy to ward off a trade war and keep markets open will be Merkel’s priority when she meets with President Xi Jinping, as Washington brandishes the threat of imposing punitive tariffs on aluminum and steel imports.

“Both countries are in agreement that open markets and rules-based world trade are necessary. That’s the main focus of this trip,” Merkel’s spokeswoman Martina Fietz said in Berlin on Friday.

But closing ranks with Beijing against Washington risks being complicated by Saturday’s deal between China and the US to hold off tit-for-tat trade measures.

China’s economic health can only benefit Germany as the Asian giant is a big buyer of Made in Germany. But a deal between the US and China effectively leaves Berlin as the main target of Trump’s campaign against foreign imports that he claims harm US national security.

The US leader had already singled Germany out for criticism, saying it had “taken advantage” of the US by spending less than Washington on NATO.

Underlining what is at stake, French Economy Minister Bruno Le Maire warned the US-China deal may come “at the expense of Europe if Europe is not capable of showing a firm hand.”

Nevertheless, Merkel can look to her carefully nurtured relationship with China over her 12 years as chancellor.

No Western leader has visited Beijing as often as Merkel, who will be undertaking her eleventh trip to the country.

In China, she is viewed not only as the main point of contact for Europe, but, crucially, also as a reliable interlocutor — an antithesis of the mercurial Trump.

Devoting her weekly podcast to her visit, Merkel stressed that Beijing and Berlin “are both committed to the rules of the WTO” (World Trade Organization) and want to “strengthen multilateralism.”

But she also underlined that she will press home Germany’s longstanding quest for reciprocity in market access as well as the respect of intellectual property.

Ahead of her visit, Beijing fired off a rare salvo of criticism.

China’s envoy to Germany, Shi Mingde, pointed to a “protectionist trend in Germany,” as he complained about toughened rules protecting German companies from foreign takeovers.

Only 0.3 percent of foreign investors in Germany stem from China while German firms have put in €80 billion in the Asian giant over the last three decades, he told Stuttgarter Nachrichten.

“Economic exchange cannot work as a one-way street,” he warned.

Meanwhile, looming over the battle on the trade front is another equally thorny issue — the historic Iran nuclear deal, which risks falling apart after Trump pulled the US out.

Tehran has demanded that Europe keeps the deal going by continuing economic cooperation, but the US has warned European firms of sanctions if they fail to pull out of Iran.

Merkel “hopes that China can help save the atomic deal that the US has unilaterally ditched,” said Die Welt daily.

“Because only the giant emerging economy can buy enough raw materials from Iran to give the Mullah regime an incentive to at least officially continue to not build a nuclear weapon.”