Princess Reema Bandar, Saudi Arabia's ambassador to the US, was named on Thursday to a newly created entrepreneurship and growth council at the International Monetary Fund, the Washington-based lender announced.
Princess Reema and eight others were confirmed as members of the fund's Advisory Council on Entrepreneurship and Growth, the IMF said. The council's primary goal is to identify policies to create innovation, improve resource allocation and support economic growth through the private sector.
IMF Managing Director Kristalina Georgieva convened the inaugural meeting with the newly established council on Thursday.
“The medium-term outlook for world economic growth is at its lowest in several decades,” Ms Georgieva said in a news release. “Much of the slowdown can be attributed to declining productivity growth.”
Princess Reema has been the kingdom's ambassador to the US since 2019.
Members on the council will share their views on how entrepreneurship can be promoted by macroeconomic and financial policies, the Washington-based fund said. The advisory council will meet about every quarter in discussions under Chatham House rules.
Other members of the council are: Ufuk Akcigit, an economics professor at the University of Chicago; Salesforce co-founder Marc Benioff; Banco Santander executive chairwoman Ana Botin; Natarajan Chandrasekaran, chairman of the Tata Group; Vodafone chief executive Margherita Della Valle; Heirs Holdings founder Tony O Elumelu; Vista Equity Partners founder Robert Smith; and Federico Sturzenegger, Argentina's Minister of Deregulation and State Transformation.
“The Council brings together a group of leading thinkers and practitioners in business, finance, academia and policymaking to share their views and experiences on how macroeconomic and financial policies can provide a supportive environment for innovation, entrepreneurship and productivity – key ingredients for a thriving private sector and strong economic growth,” Ms Georgieva said.
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Shubh Mangal Saavdhan
Directed by: RS Prasanna
Starring: Ayushmann Khurrana, Bhumi Pednekar
In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.8-litre%204-cyl%20turbo%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C200rpm%0D%3Cbr%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20320Nm%20from%201%2C800-5%2C000rpm%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESeven-speed%20dual-clutch%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%3C%2Fstrong%3E%206.7L%2F100km%0D%3Cbr%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh111%2C195%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A
More on animal trafficking
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
