Getting more women into leadership positions top priority: CEO

This June 23, 2018 photo, shows a general view of Riyadh, Saudi Arabia. (AP)
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Updated 18 January 2020

Getting more women into leadership positions top priority: CEO

  • Saudi Arabia is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic

RIYADH: The boss of one of Saudi Arabia’s biggest banks says that getting more women into leadership positions is a top priority.
Samba CEO Rania Nashar chairs the action council for Women in Business created by the Business Twenty (B20), which is the official G20 dialogue with the business community. It represents the global business community across all G20 member states and all economic sectors.
She said the council was set up to boost women’s particpation not only in business but also in global leadership positions.
During the launch of the B20 in Saudi Arabia this week, Nashar highlighted the under-representation of women in the economy.
“There is a gap of 27 percent between male and female workers; 75 percent of males are part of the labor force while only 48 percent of females are working,” she said.
She said it was important not to just talk about women as workers but as business owners.

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Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020.

“That’s why entrepreneurship is very fundamental to our task force,” she said.  “The majority of the finance development programs have incentives for giving loans to females; however, despite the fact that many large borrowers are females, the amount of loans granted to them is far below what is granted to males,” she added.
Nashar said that two-thirds of female business founders feel that they were not taken seriously by investors when they pitch for investments. They also feel that they are treated differently from their male counterparts.
Saudi Arabia will host the 15th G20 Summit in Riyadh on Nov. 21-22, 2020. The Kingdom is focusing on the Business 20 (B20), making this one of the key engagement groups. Women in Business will be Saudi Arabia’s signature topic.


Habtoor joins Israeli tech firm on ‘robo-taxi’ plan 

Updated 23 September 2020

Habtoor joins Israeli tech firm on ‘robo-taxi’ plan 

  • Mobileye technology will be fitted into cars from the Habtoor dealership, which has the Dubai franchise for Mitsubishi
  • Founder of Mobileye Amnon Shashua: Dubai is classic territory to launch technologies for smart cities and a natural for deploying autonomous cars

DUBAI: In the latest sign of increased UAE-Israeli business co-operation, Al Habtoor Group, the Dubai-based hotels and motor conglomerate, has teamed up with a Jerusalem-based company on plans to put “robo-taxis” on the roads of the emirate.

Khalaf Al Habtoor, founding chairman of the group, signed a deal with Mobileye, the Israeli high-tech firm owned by Intel, that will provide the technology for the next generation of self-drive and autonomous vehicles in the UAE.

Mobileye technology will be fitted into cars from the Habtoor dealership, which has the Dubai franchise for Mitsubishi, one of the leading volume car marques in the region, as well as several luxury brands.

Amnon Shashua, the billionaire Israeli founder of Mobileye who sold the company to Intel for $15 billion in 2017, said that by early 2023 there would be a “fleet of autonomous, self-driving robo-taxi vehicles” on the streets of Dubai.

“Dubai is one of the most advanced cities in the world. It is classic territory to launch technologies for smart cities and a natural for deploying autonomous cars,” he added.

Mobileye’s tech provides data for map reading, navigation, traffic and driving conditions in a kit that can be fitted to Habtoor’s fleet, which serves government and public sector transport in Dubai, or can be bought by individual motorists as an add-on package

Al Habtoor said: “This deal will benefit both countries, the UAE and Israel, as well as neighboring countries and Europe.”

Shashua said that while Dubai was a center for growth in the Middle East, he would look to expand into other emirates and countries in the region.

Asked whether Mobileye would like to do business in Saudi Arabia, he said: “We look at things not through a political lens, but from the point of view of areas or territories where we can expand. The only reason we could not expand to Dubai before was the absence of a relationship between Israel and the UAE.

“It is true that Mobileye is owned by Intel, an American company, but still it is very difficult to start sending Israeli engineers in disguise. From a logistic perspective, it is not convenient. I believe there are many more opportunities in the Middle East and, once the ties are made formally, we could expand even further,” he added.

The first phase of the partnership will see 1,000 petrol-engine cars from the Habtoor fleet fitted with Mobileye technology, leading up to trials with a human “safety driver” in early 2022, before a fleet of “smart cars” is launched later that year or early 2023.

The business relationship between Habtoor and Mobileye began before the recent normalization of relations between the UAE and Israel. The Dubai-based company has been among the most enthusiastic advocates of closer business links with Israel, recently signaling it will open a representative office in the Israeli capital.