Magnav MENA

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SULAIMAN ABDUL AZIZ AL RAJHI
business

Sulaiman Abdulaziz Al Rajhi The Humble Visionary Who Revolutionized Islamic Banking & Redefined Philanthropy

Sulaiman Abdul Aziz Al RajhiThe Humble Visionary Who Revolutionized Islamic Banking And Redefined Philanthropy By Desk Reporter S ulaiman Abdul Aziz Al Rajhi’s life story is an inspiring example of perseverance, faith, and extraordinary impact. Born in 1929 into a humble Saudi family, he faced challenging circumstances early in life. At just 12 years old, he worked as a palm date collector for six Saudi Riyals per month and later took on various low-paying jobs, including being a porter, waiter, and kerosene wholesaler. His entrepreneurial journey began when he launched a small grocery shop to fund his marriage expenses, later selling it to venture into currency exchange in 1970. This laid the foundation for his groundbreaking financial empire.  In 1957, Al Rajhi co-founded Al Rajhi Bank, which would grow into the world’s largest Islamic lender. Guided by Islamic principles, he championed interest-free banking, a revolutionary idea at the time. This commitment to ethical finance faced resistance initially but ultimately led to the global acceptance of Islamic banking systems, influencing financial policies in countries like Malaysia and the UK. His work not only redefined banking but also established a blueprint for ethical financial practices.  Al Rajhi’s business philosophy extended beyond banking. He diversified into agriculture with Al-Watania Poultry, one of the world’s largest halal and organic food producers, promoting sustainability and food security. His projects emphasized environmental responsibility and adhered to Islamic values of ethical consumption. A devout philanthropist, Sulaiman committed much of his wealth to societal betterment.  In 1983, he formalized his charitable activities through the Sulaiman Al Rajhi Charitable Foundation, which supports education, healthcare, and poverty alleviation initiatives across Saudi Arabia. Notably, in 2011, he transferred a significant portion of his wealth, including 20% of Al Rajhi Bank’s shares, to a waqf (endowment) to sustain these initiatives. His charitable endowment is considered one of the largest in Islamic history.  Despite his vast wealth, Al Rajhi led a remarkably modest life. He believed in frugality and ensured his lifestyle remained simple, focusing on generosity and the welfare of others. When asked about his personal wealth, he stated that he had retained nothing for himself, relying on the waqf for basic needs, a testament to his humility and commitment to faith.  Sulaiman Al Rajhi’s legacy is a testament to how faith, hard work, and visionary thinking can create profound change. Through his pioneering efforts in Islamic finance, sustainable business practices, and philanthropy, he not only transformed industries but also inspired a generation to blend enterprise with ethical responsibility. His family continues to uphold his values, ensuring that his mission of empowering communities and fostering societal progress endures.

LOBNA HELAL
business

Lobna Helal Voyage of Sight & Integrity

Lobna Helal Dubai Fashion Week’s core highlights By Desk Reporter Lobna Helal’s journey in the financial sector is a testament to her leadership and dedication to advancing Egypt’s economy. Her appointment as Deputy Governor of the Central Bank of Egypt (CBE) marked a historic milestone, making her the first woman in this position. Recognized by Forbes as one of the most powerful Arab women, Helal has played an integral role in shaping Egypt’s financial landscape, particularly through her contributions to banking reforms and monetary stability.  Helal’s career at the CBE began in 2004, transitioning from the private sector, where she had an investment banking background. She was instrumental in implementing a comprehensive two-phase banking sector reform program, which strengthened Egypt’s financial institutions. During her tenure as Deputy Governor, she focused on monetary stability, ensuring price stability and confidence in the Egyptian pound’s value. This leadership role not only solidified her influence within Egypt but also enhanced the global reputation of the CBE.  Her advocacy for financial inclusion has been particularly impactful. Helal has championed initiatives to empower women and underserved populations, aligning financial access with sustainable development goals. Notably, she has supported small and medium enterprises (SMEs) by developing frameworks that improve their access to financial resources, recognizing these businesses as pivotal drivers of economic growth.  Beyond her technical expertise, Helal is a vocal proponent of gender equality in the banking sector. She has prioritized creating a gender-sensitive infrastructure within the CBE, including leadership programs designed to mentor and promote women to executive positions. Her role as Vice Chair of the Gender and Women Financial Inclusion Committee under the Alliance for Financial Inclusion underscores her international commitment to empowering women financially and professionally. Helal’s achievements extend beyond Egypt. Her active participation in global forums has placed her as a significant figure in the conversation around women’s roles in the financial sector. She has consistently highlighted the importance of blending modern financial practices with traditional values, fostering a financial ecosystem that respects Egypt’s cultural heritage while embracing innovation.  A proud alumna of the American University in Cairo (AUC), Helal credits her success to a robust educational foundation and mentorship from influential professors. Her academic journey in political science and economics laid the groundwork for her dual focus on technical excellence and leadership. She has often acknowledged the role of supportive leaders and her family, particularly in balancing the demands of a high-profile career and personal life.  Lobna Helal’s inspiring journey has not only broken barriers for women in Egypt but has also set a precedent for future generations. Her vision of a more inclusive, resilient financial system, combined with her unwavering commitment to gender equality, ensures her lasting legacy as a trailblazer in the Arab world and beyond.

MOHAMED BIN ISSA AL JABER
business

Mohamed Bin Issa Al Jaber A Legacy of Vision & Integrity

Al Jaber Mohamed Bin IssaA Legacy Of Vision And Integrity By Desk Reporter Mohamed Bin Issa Al Jaber is a prominent entrepreneur and philanthropist whose contributions extend far beyond business into education, culture, and societal development. His entrepreneurial journey began with the founding of MBI International, a multinational conglomerate spanning hotels, energy, and real estate. The group’s hospitality division, JJW Hotels & Resorts, has built a strong presence in Europe and the Middle East, showcasing his acumen for strategic growth and innovation. This success reflects his vision of integrating high-quality services with cultural diversity, catering to an international clientele. As the founder of the MBI Al Jaber Foundation, Al Jaber has dedicated significant resources to advancing education and fostering cross-cultural understanding. The foundation provides scholarships for Arab students to study at leading Western institutions, empowering a new generation to contribute to global society. It also supports diverse educational and cultural initiatives, such as promoting artistic endeavors, preserving cultural heritage, and sponsoring international exchange programs. Al Jaber firmly believes education has the transformative power to drive social and economic progress, bridging gaps between communities and nations. Al Jaber’s philanthropic work is characterized by his unwavering commitment to transparency and social responsibility. His foundation has supported various prestigious institutions, including the London Middle East Institute at SOAS and multiple programs at the University of Oxford, demonstrating his belief in collaboration between the Arab world and the West. Noteworthy initiatives include funding journalism training in Yemen and facilitating platforms for Israeli and Palestinian students to engage in constructive dialogue in London. These projects underscore his dedication to peacebuilding and fostering mutual understanding. Beyond his philanthropic ventures, Al Jaber serves as a UNESCO Special Envoy for Education, Tolerance, and Cultures, a role that amplifies his advocacy for advancing technology, education, and cooperation in the Arab world. His accolades, including numerous honorary degrees and international awards, reflect the global recognition of his efforts in driving economic development, empowering education, and promoting cultural exchange. His legacy stands as a testament to how one individual’s vision and dedication can inspire progress and unity across borders.

Raja EASA Al Gurg
business

Raja Easa Al Gurg A Legacy of Vision & Integrity

RAJA EASA AL GURG Dubai Fashion Week’s core highlights By Desk Reporter Raja Easa Al Gurg, an icon of leadership and innovation in the UAE, continues to inspirewith her multifaceted contributions to business, education, and female empowerment. As the Chairperson and Managing Director of the Easa Saleh Al Gurg Group, she has grown the company into a diversified conglomerate spanning industries like retail, real estate, and manufacturing.   Her leadership style emphasizes authenticity and resilience, themes she explores in her latest book, The Power of Authenticity: Three Principles of Leadership Success. Through this book, Al Gurg shares lessons from her journey, from her early career in education to her rise as a global business leader, advocating for leveraging personal authenticity in leadership to drive success.  Beyond her corporate role, Al Gurg is a champion of women’s empowerment. As the founder and President of the Dubai Business Women Council, she has cultivated platforms for strategic education, training, and networking, helping to dismantle barriers for women in business. Her advocacy extends to global forums like the Arab International Women’s Forum, underscoring her dedication to increasing female participation in economic activities, which she views as essential for national progress.  Education remains central to Al Gurg‘s vision. She serves on the boards of several academic institutions. including the University of Dubai and the c Smart University. Her initiatives often focus on equipping youth with the skills needed in a rapidly evolving world, emphasizing mentorship as a tool to nurture the next generation of leaders. Her honorary doctorate recognitions from Queen’s University Belfast and Amity University further highlight her impact in this domain.  Al Gurg is equally committed to philanthropy. As Chairperson of the Al Jalila Foundation and active in the Easa Saleh Al Gurg Charity Foundation, she has education. Her leadership in these organizations reflects her dedication to fostering a culture of giving back.  Culturally, Al Gurg seamlessly blends Emirati heritage with modern practices. Her autobiography, Raja Al Gurg: An Autobiography, recounts her journey as a trailblazing Muslim woman in business, emphasizing how cultural values can coexist with global best practices. Her efforts have earned her recognition as one of Forbes Middle East’s most powerful businesswomen, cementing her legacy as a visionary leader.  Dr. Raja Easa Al Gurg’s life exemplifies how authenticity, commitment to education, and advocacy for inclusivity can drive societal and economic progress, making her an enduring role model both regionally and internationally.

Ibtihaj Al-Ahmadani
business

The Legacy of Ibtihaj Al-Ahmadani

The Legacy of Ibtihaj Al-Ahmadani By Tsnim Saddig A Journey of Innovation As the warm sun rose over the city of Al-Madina, casting its golden light across a bustling metropolis, Ibtihaj Al-Ahmadani stood on the balcony of her company’s headquarters. The view below mirrored her journey — a blend of tradition and progress, humility and ambition. From her early days in a quiet village to her current status as a global pioneer, Ibtihaj’s story is one of courage, vision, and relentless determination. Born into modest beginnings on the outskirts of Al-Madina, Ibtihaj’s curiosity and drive to challenge convention set her apart from an early age. Growing up, she was fascinated by how innovation could solve everyday problems and transform lives. With limited resources but boundless imagination, she began dreaming of a future where technology could bridge gaps and create opportunities for all. After years of hard work and study, Ibtihaj launched her tech startup — a venture driven by creativity, cutting-edge technology, and user-centric designs. From humble beginnings, her company rapidly gained traction, redefining industry standards and revolutionising how people interacted with digital platforms. What began as a modest idea blossomed into a global powerhouse, earning her accolades for her visionary leadership and innovation. Yet, amid her meteoric rise, Ibtihaj never lost touch with her roots. Her values, deeply rooted in community and compassion, guided her every decision. She established scholarship funds to support underprivileged youth, created mentorship programmes to foster the next generation of leaders, and introduced initiatives to encourage young entrepreneurs to embrace risk and creativity. One particularly memorable moment came when a budding entrepreneur approached Ibtihaj, seeking advice. She recognised a reflection of her younger self in the aspiring innovator and took them under her wing, sharing her insights and challenges. For Ibtihaj, the real measure of success wasn’t just in her company’s growth but in the legacy of inspiration she left behind. Over the years, her impact extended beyond the world of technology. With a growing awareness of sustainability, Ibtihaj spearheaded eco-conscious initiatives within her company, integrating renewable energy solutions and promoting a circular economy model. She became a vocal advocate for balancing profitability with responsibility, urging others in the business world to adopt ethical practices that prioritised the planet. Her efforts to blend innovation with sustainability earned her invitations to global forums, where she shared her vision for a more inclusive and environmentally conscious future. As she stood before world leaders and changemakers, her message was clear: true progress lies in aligning values with action, and success must serve the greater good. Today, the name Ibtihaj Al-Ahmadani resonates as a symbol of innovation, integrity, and empowerment. Her legacy lives on, not only in the products she pioneered but in the countless lives she touched. From the heart of Al-Madina to far-reaching global communities, her journey continues to inspire. As the sun set on another day in Al-Madina, Ibtihaj stood once more on her balcony, her gaze fixed on the horizon. For her, the future was not a distant concept but an open canvas, waiting to be painted with new ideas, opportunities, and solutions. In her heart, she knew her story — of leadership, purpose, and compassion — had only just begun.

Anchal Singh
Lifestyle

Exclusive Anchal Singh From Mystic to Mainstream Enchanting Leap from Tarot to TV Stardom

Anchal SinghFrom Mystic to Mainstream Enchanting Leap from Tarot to TV Stardom By Amna Kanwal Anchal Singh, the star of Netflix’s hit series Kali Kali Ankhein, shines with a vibrant charm and an equally captivating presence. From her breakout performances to her inspiring journey, she has become a celebrated figure in the entertainment world. Known for her compelling roles and authentic connection with fans, Anchal’s story is one of passion, resilience, and the pursuit of dreams. A Journey Born of Inspiration Anchal’s love for the performing arts began with a profound respect for creators across disciplines — acting, music, or dance. As a young girl, she vividly remembers attending a live school performance where the heartfelt melodies moved her to tears. That moment of connection ignited her dream of becoming an artist who could evoke similar emotions in audiences. Her initial steps into the creative world, however, were unconventional. Growing up in a spiritual family, Anchal learned tarot reading and began practicing it organically. It was through a serendipitous encounter with a photographer, one of her tarot clients, that she received her first modeling opportunity. This marked the beginning of her journey into the entertainment industry, opening doors to the world of acting and shaping her artistic path. Bridging Glamour and Reality In an industry often perceived through a glamorized lens, Anchal seeks to bridge the gap between perception and reality. Through her social media presence, she offers fans an authentic glimpse into her life behind the scenes. For her, connecting personally with her audience is essential. She believes it’s important to show the hard work, challenges, and emotions that come with being an actor, allowing fans to see her not just as a performer but as a person with relatable experiences and struggles. Anchal’s sincerity has resonated with her followers, fostering a sense of closeness that goes beyond the screen. “Social media gives me the opportunity to share my real self, breaking down the barriers that often separate actors from their audience,” she shares. The Rise of a Digital Star Anchal’s career reached new heights with her roles on digital platforms like Netflix. The overwhelming response to her performance in Kali Kali Ankhein brought her immense recognition and cemented her place in the world of contemporary entertainment. This success, however, came with its share of challenges. “The love I received was initially daunting but quickly became a source of motivation,” Anchal reflects. For her, each role is an opportunity to learn and grow, both as an actor and as a person. Her journey reinforces the belief that consistency and dedication are key to maintaining excellence in the ever-evolving entertainment industry. Embracing Diversity and Culture Having worked across multiple film industries, Anchal has demonstrated remarkable versatility in adapting to diverse cultural contexts and audience expectations. Her defense background and experiences living across various Indian states have instilled in her a deep appreciation for cultural differences. This adaptability allows her to bring authenticity to her roles, resonating with audiences across linguistic and regional boundaries. “While the fundamentals of acting remain universal, the nuances of language and cultural expression add a rich layer to the craft. I cherish the opportunity to learn and grow through these differences,” she explains. Staying Positive Amid Challenges Anchal’s journey, like any artist’s, has not been without its share of challenges. From periods of work scarcity to navigating unfruitful collaborations, she has faced moments of uncertainty. Yet, her unwavering positivity has been a guiding force. Meditation, she shares, has been instrumental in keeping her connected to a higher energy, helping her navigate the highs and lows of her career with grace. For Anchal, challenges are part of the rhythm of life. She approaches them with an open heart and views them as opportunities for growth, both personally and professionally. Aspiring to New Horizons With the release of Kali Kali Ankhein Season 2, Anchal’s excitement for the future is palpable. She is eager to explore diverse genres, from thrillers to comedies, and to surprise audiences with unexpected roles. Authenticity remains at the core of her artistic vision, and she looks forward to continuing to captivate viewers with her distinctive performances. Beyond Indian cinema, Anchal harbors aspirations of working in international film industries. She finds the prospect of collaborating on global projects thrilling and believes platforms like OTT have made such opportunities more accessible. An ardent admirer of Korean and European cinema, she hopes to broaden her horizons and bring her artistry to a global stage. A Message of Perseverance Anchal’s journey is a testament to the power of perseverance and humility. Reflecting on her experiences, she emphasizes the importance of embracing challenges as stepping stones to success. “If there’s one thing I’ve learned, it’s that growth comes from navigating life’s ups and downs with an open heart and mind,” she says.  As Anchal continues to shine on-screen and inspire off-screen, she proves that true stardom lies in the ability to connect with people at a deeply human level. Her journey from a spiritual upbringing to becoming a celebrated actress reminds us all that dreams, combined with determination and authenticity, can lead to extraordinary achievements.

Prince Alwaleed Bin Talal Alsaud: Visionary of Global Philanthropy and Progress
business

Prince Alwaleed Bin Talal Alsaud Visionary of Global Philanthropy and Progress

Prince Alwaleed Bin Talal AlsaudVisionary of Global Philanthropy and Progress By Desk Reporter Born in 1955 into the Saudi royal family, Prince Alwaleed Bin Talal Alsaud is the grandson of both King Abdulaziz, the founder of modern Saudi Arabia, and Riad Al Solh, Lebanon’s first Prime Minister. This dual heritage shaped his worldview, blending Saudi traditions with Lebanese multiculturalism. Educated in the U.S., he earned a bachelor’s degree in Business Administration from Menlo College and a master’s degree in Social Science from Syracuse University. These experiences influenced his global outlook and ambitious approach to entrepreneurship and philanthropy. Prince Alwaleed is renowned for building one of the most successful investment empires in the world. Through Kingdom Holding Company, he invested in industries such as hospitality, banking, and media, with stakes in iconic brands like Citigroup, Apple, and Twitter. His business acumen transformed him into one of the wealthiest individuals globally, but he is equally noted for his humanitarian endeavors. Prince Alwaleed’s ideology centers on economic empowerment, intercultural dialogue, and social justice. His belief in using wealth as a tool for global betterment reflects Islamic values, particularly the principles of charity and Zakat. He emphasizes the importance of bridging cultural divides and fostering understanding between civilizations, an effort he supports through initiatives like the Alwaleed Islamic Studies Program at Harvard University. This program promotes interdisciplinary research on Muslim societies to deepen cross-cultural understanding. A staunch advocate for global peace, Prince Alwaleed views economic development as a pathway to stability. Through Alwaleed Philanthropies, he has spent over $4 billion on projects in 189 countries, focusing on women and youth empowerment, disaster relief, poverty eradication, and cultural exchange. His work aims to build a more tolerant world by fostering mutual respect across religious and cultural boundaries. This is epitomized in his support for projects that combat extremism and celebrate diversity. Prince Alwaleed’s contributions go beyond business and philanthropy; he has become a symbol of modernization within the Arab world. By aligning traditional Islamic values with contemporary global challenges, he advocates for progress that respects cultural roots. His vision for the future is one where economic opportunity and cultural harmony lead to sustainable peace.

Abdulaziz Al Shehri
Lifestyle

Abdulaziz Al Shehri Initiating Esports in the Middle East

Abdulaziz Al Shehri Initiating Esports in the Middle East By Afef Yousf Abdulaziz Alshehri, widely known as MrDone, is a trailblazer in the esports world and a source of inspiration for gamers across the Middle East. His journey from an unlikely start to becoming a global champion demonstrates the transformative power of passion, determination, and belief in one’s abilities. With an unrelenting drive to challenge stereotypes and elevate the region’s standing in competitive gaming, Abdulaziz has achieved milestones that have redefined the esports landscape. Initially, Abdulaziz had no intention of pursuing gaming. It was his brother who introduced him to a newly launched game, suggesting he give it a try. Disinterested at first, Abdulaziz dismissed the game entirely, vowing never to play again. Yet, something pulled him back, and before long, he found himself playing with increasing frequency. What began as a casual interest soon turned into an obsession, leading to a pivotal moment when he defeated the best player in the Middle East during his first year of gaming.  This achievement marked the beginning of his extraordinary journey, transforming a reluctant player into one of the most celebrated esports champions in the region. Abdulaziz’s rise to prominence was driven by a persistent question: why had the Middle East struggled to excel in football or gaming compared to the successes seen in Europe and the United States? This reflection ignited a mindset that became his guiding principle: the belief that hard work and determination could bridge any gap.  For Abdulaziz, it was not about physical or intellectual superiority but about the effort one puts in. His victory at the FIFA World Cup not only validated his philosophy but also inspired countless others in the Middle East to believe in their potential. The ripple effect of his win has been monumental, as more players from the region have emerged on the global stage, driven by the confidence that they, too, can achieve greatness. Throughout his career, Abdulaziz has collaborated with global organisations that have shaped him both personally and professionally. Working with brands like Red Bull and Adidas has allowed him to contribute to initiatives that make a tangible difference. He fondly recalls his involvement in Red Bull’s Run for Those Who Can’t Run, a project dedicated to supporting people with disabilities.  Similarly, his work with Adidas on Run for the Ocean combined fitness with environmental stewardship, with every kilometre tracked through an app resulting in the removal of a plastic bottle from the ocean. These projects reflect Abdulaziz’s commitment to leveraging his platform to create a better world. In addition to his competitive pursuits, Abdulaziz has taken on a leadership role in nurturing talent within the region. He founded the MrDone Game On tournament, the first individual competition of its kind in the Middle East. Spanning countries like Bahrain, Kuwait, Oman, Jordan, and the UAE, the event aims to discover and support emerging players.  The winner earns not only cash prizes but also the opportunity to accompany Abdulaziz to the FIFA World Cup in Madrid and attend the Champions League final. This initiative has further cemented Abdulaziz’s legacy as a mentor and advocate for regional esports talent. Abdulaziz’s journey has not been without challenges. He vividly remembers a high-stakes match in Madrid against the reigning world champion. Despite facing bias from an organiser who openly supported his opponent, Abdulaziz managed to turn the game around, drawing in the final moments. This victory was not just a triumph on the field but a testament to his resilience. The same organiser who once cheered against him later applauded him as he lifted the World Cup trophy—a moment that encapsulated his ability to overcome adversity and win respect. The future of esports in Saudi Arabia excites Abdulaziz, as the Kingdom takes bold strides to establish itself as a global hub for gaming. With initiatives like the construction of Al Qiddiya, a city dedicated to gamers, and the hosting of the largest esports World Cup, Saudi Arabia is poised to revolutionise the industry. Abdulaziz credits Crown Prince Mohammed bin Salman’s vision for creating opportunities that will propel esports to unprecedented heights and is proud to contribute to this transformative journey. Currently, Abdulaziz is the Head of Esports at UR Pay Esports, a fully independent team with enormous potential. In an exclusive for Magnav Magazine, he revealed this exciting development, emphasising his pride in being part of a team that prioritises innovation and independence. As a seasoned professional, Abdulaziz has learned that success in esports hinges as much on mental fortitude as technical skill. Confidence, self-improvement, and resilience are, in his view, the cornerstones of achieving one’s goals. Looking back, Abdulaziz acknowledges the growth he has undergone, combining youthful courage with invaluable experience. This balance has kept him at the top of his game, with recent achievements including victories in the Agencies Championship and the Middle East Championship, where he remained unbeaten for three consecutive weeks. For aspiring gamers, his advice is both simple and profound: invest time and energy in something you love, stay mentally strong, and remain steadfast in your belief that success is within reach. Abdulaziz Alshehri’s story is not just about individual triumph but also about lifting an entire region onto the global stage. Through his achievements and initiatives, he has become a symbol of what is possible when talent meets determination. As he continues to push boundaries, Abdulaziz remains a beacon of inspiration, proving that with hard work and self-belief, the seemingly impossible can become reality.

Fintech Revolution
Tech and Finance

Fintech Revolution The Rise of the Middle East as a Global Leader

Fintech Revolution The Rise of the Middle East as a Global Leader By Marina Ezzat Alfred The Middle East and North Africa (MENA) region is experiencing a fintech boom, a whirlwind of innovation fueled by a potent mix of factors:  a young, tech-savvy population, rapid smartphone adoption, and a growing need for more inclusive financial services.  Several key studies paint a picture of this vibrant ecosystem, highlighting its strengths and potential. Magnitt’s research, for instance, crowned fintech the MENA region’s most alluring investment sector in 2021, gobbling up roughly 27% of all startup funding.  Their 2021 report revealed a staggering $1.1 billion raised by fintech startups in 2020 – a massive leap forward. This surge is largely due to the region’s incredibly high smartphone penetration, a young demographic naturally drawn to digital solutions, and increasingly supportive government regulations, including the use of regulatory sandboxes to nurture fledgling companies.  It’s a perfect storm of opportunity. McKinsey’s “Future of Banking in MENA” report zeroes in on financial inclusion as a key driver.  With approximately 70% of adults either unbanked or underbanked, the potential for fintech to bridge this gap is enormous.  The report emphasizes the crucial role of digital solutions like mobile wallets and micro-lending platforms in reaching underserved communities, especially in rural areas.  However, building consumer trust through transparency and security is paramount;  this trust is the bedrock of widespread adoption.  Furthermore, strategic partnerships between fintechs and established banks could unlock even greater potential. How big is the Fintech Market in MENA? The Middle East and North Africa (MENA) fintech scene is absolutely exploding.  It’s not just a slow simmer, it’s a full-blown boil-over!  Recent years have witnessed a meteoric rise, fueled by a confluence of factors – think perfect storm, but positive.  Currently, estimates peg the market value at around $2 billion, a figure that’s expected to more than triple, reaching over $6 billion by 2025. That’s a seriously impressive trajectory. Several key ingredients are driving this phenomenal growth.  First, there’s been a veritable deluge of investment.  In 2022 alone, MENA fintech startups raked in approximately $1.5 billion across various funding rounds – a quantum leap compared to previous years.  It’s like someone flipped a switch and suddenly the money started flowing. Furthermore, governments are actively fostering this burgeoning sector.  Countries like the UAE, Saudi Arabia, and Bahrain have rolled out the red carpet, creating supportive regulatory environments and innovative “sandbox” programs that allow fintechs to test their wings without excessive red tape.  This proactive approach is a game-changer. The digital revolution has also played a pivotal role.  The pandemic acted as a catalyst, accelerating the adoption of digital banking and payment solutions at a breakneck pace. People, businesses, and governments alike are embracing digital technologies, and this shift is undeniably fueling the fintech boom. Finally, and perhaps most importantly, there’s a massive untapped market.  A significant portion of the MENA population remains unbanked or underbanked, creating a huge demand for accessible and affordable financial services.  Fintech solutions are perfectly positioned to bridge this gap and bring financial inclusion to millions. Success Stories in Fintech Across the MENA Region The MENA region is quietly becoming a fintech powerhouse.  It’s a fascinating story, driven by a confluence of factors: a young, digitally native population glued to their smartphones,  a burgeoning need for financial inclusion, and – let’s be honest – a healthy dose of entrepreneurial spirit.  Several startups are making waves, completely reshaping how people access and use financial services.  It’s a veritable explosion of innovation! Let’s dive into some prime examples.  Take Souqalmal (UAE), for instance.  Launched in 2012, this financial comparison platform lets users easily compare and buy insurance, credit cards, and loans.  Think of it as a Kayak for your finances – super helpful for making smart choices.  Their success?  A slick user interface and strong partnerships.  Their Series B funding round in 2020, snagging $10 million,  helped them supercharge their digital capabilities. Then there’s Fawry (Egypt), a true fintech behemoth.  Since 2008, they’ve been revolutionizing electronic payments, creating a massive network of agents and points of sale.  Need to pay a bill, top up your phone, or buy something online?  Fawry’s got you covered.  Their 2020 IPO, raising a whopping $100 million, marked a significant milestone – the first fintech IPO on the Egyptian stock exchange!  It speaks volumes about the region’s growing appetite for digital payments. The buy-now-pay-later (BNPL) scene is also booming.  Tamara (Saudi Arabia), founded in 2020, lets shoppers pay for online purchases in installments.  It’s a clever solution that’s resonated strongly with young Saudis, securing a hefty $6 million in seed funding.  Their success is a testament to the power of innovative consumer financing. Payfort (UAE), acquired by Amazon in 2017, is another key player.  They’re a payment processing powerhouse, enabling businesses across MENA to accept online payments securely and efficiently.  Their integration with Amazon has only amplified their reach and capabilities.  They’ve become indispensable for e-commerce growth in the region. Even established players are making their mark. N26, a German neobank, has successfully expanded into MENA, tailoring its fully digital banking experience to local needs – multilingual support and strategic partnerships are key to their success.  This highlights the growing demand for seamless, digital banking solutions. Other notable players include YAP (UAE), a digital banking platform focusing on financial literacy for a younger demographic; NymCard (UAE), providing digital card issuance and management solutions; BitOasis (UAE), the region’s leading cryptocurrency exchange; ZoodPay (Jordan), offering BNPL and digital wallets, focusing on financial inclusion; and Lendo (Saudi Arabia), a digital lending platform connecting borrowers and lenders. Each is carving its niche in this vibrant ecosystem. Which country is best for fintech? So, what’s the big picture?  The MENA fintech landscape is a dynamic, rapidly evolving space, attracting billions in investment.  Several key segments are driving this growth: payments, lending, insurtech, wealth management, and cryptocurrency.  Governments are playing a crucial role, creating supportive regulatory environments, including regulatory sandboxes, to foster innovation.  High smartphone penetration and

Arabian Frontrunner women
Lifestyle

Arabian Frontrunner Women

Arabian Frontrunner Women By Amna Kanwal In recent years, Arab women have emerged as the vanguard of fashion, business, and lifestyle, seamlessly blending the deep cultural heritage of the Arab world with modern innovation. Their creative and entrepreneurial strides have not only transformed their local communities but have also made significant ripples on a global stage. These women are rewriting the narrative of what it means to honour tradition while embracing modernity, standing as powerful figures who inspire future generations across various sectors. From athletics to entrepreneurship, Arabian frontrunner women are proving that determination and talent know no boundaries. Hana Al Rostamani: A Beacon of Leadership in Finance Hana Al Rostamani is a pioneering figure in the financial world. She currently serves as the Group Chief Executive Officer of First Abu Dhabi Bank (FAB), the UAE’s largest bank. Her appointment as the first woman to hold this prestigious position signifies a monumental shift in the male-dominated finance sector of the Arab world. With over 25 years of experience, Hana’s leadership is characterized by innovation, diversity, and inclusion. She is renowned for her transformative approach, particularly in leading the digital transformation of FAB’s personal banking services.  Hana’s journey has seen her work across prestigious institutions such as First Gulf Bank, Citibank, and the AW Rostamani Group, providing her with both domestic and international expertise. Arabian frontrunner women continue to advocate for gender equality, pushing the boundaries of what’s possible in traditionally male-dominated sectors. Her academic credentials from George Washington University, where she earned a B.Sc. in Business Administration and an M.Sc. in Information Management, highlight her intellectual rigor. But her influence stretches far beyond finance.  As the Chair of the Global Council on the Sustainable Development Goals and a member of several keyboards, including Buna, which facilitates cross-border payments in the Arab region, she is actively shaping the future of regional finance. Through their resilience and vision, Arabian frontrunner women are redefining success in industries such as finance, arts, and public service. Hana’s legacy is one of breaking barriers—not just for herself, but for women across the Arab world. By focusing on financial literacy, innovation, and sustainable development, she represents the bridge between tradition and modernity. Her work symbolises a shift in Arab society, showing that women can—and should—lead at the highest levels, inspiring a new generation to break free of conventional roles. Honayda Serafi: Saudi Arabia’s Fashion Visionary Honayda Serafi, a distinguished Saudi fashion designer, is a woman who champions the fusion of cultural tradition with modern aesthetics. Her work embodies the power of fashion to tell stories, with each collection deeply rooted in the rich heritage of Saudi Arabia while appealing to a global audience. Growing up in a household immersed in the arts, Honayda developed a profound appreciation for creativity from a young age. Her mother, an art and fashion historian, instilled in her the importance of cultural identity, which she now intricately weaves into her designs. Educated in Paris, Honayda’s fashion career blossomed, where she mastered the art of balancing heritage with high fashion. Her fashion line represents empowerment and individuality, challenging conventional norms while embracing tradition. Honayda is more than a designer; she is a storyteller. Each piece she creates tells a narrative, often inspired by strong women and the power of self-expression. This is particularly vital in the Arab world, where she inspires women to be both proud of their cultural roots and unafraid to break new ground. In addition to her design work, Honayda is a passionate advocate for sustainability. She integrates eco-friendly materials and ethical practices into her fashion, setting a new standard for responsible luxury in the Middle East. Her philanthropic initiative ‘Sketch&Give,’ aimed at empowering young designers, further underlines her dedication to nurturing future generations. Honayda’s impact is undeniable, not just in fashion but in empowering Arab women to find their voice and take centre stage on the global platform. She exemplifies the rising strength of Saudi women in a region experiencing rapid change. Shireen Abu El Ezz: Egyptian Actress and Cultural Advocate Shireen Abu El Ezz is a powerhouse in Egyptian cinema, theatre, and television, captivating audiences with her versatility and emotional depth. Her journey from a young aspiring actress to one of Egypt’s most celebrated talents speaks to her relentless commitment to her craft and her passion for the arts. Shireen’s career is defined by her ability to bring authenticity and profound emotion to her roles, which has earned her critical acclaim. But her influence goes beyond her on-screen presence. She is a vocal advocate for the arts, recognizing their pivotal role in shaping society. In a time when many traditional art forms are at risk of fading, Shireen uses her platform to promote the preservation of Egypt’s cultural heritage. The achievements of Arabian frontrunner women in technology and science are reshaping the global perception of the region. She also takes pride in mentoring young actors, guiding them through the complexities of the industry, and encouraging them to remain true to their unique voices. Her work in promoting cultural narratives that resonate with both local and international audiences makes her a cultural leader, ensuring that Egypt’s rich artistic heritage is both preserved and celebrated. Through her dedication to the arts and her commitment to community initiatives, Shireen Abu El Ezz is not just a star of the screen, but a vital figure in the Arab world’s cultural landscape. She represents the power of storytelling and the importance of art as a medium for cultural preservation and societal change. As role models, Arabian frontrunner women inspire young girls to pursue their dreams, regardless of societal limitations. Asalah Mostafa Nasri: The Voice of the Arab World Asalah Mostafa Nasri, commonly known as Asalah, is one of the Arab world’s most iconic singers. With her powerful, emotive voice, she has captured the hearts of millions, becoming a cherished figure across the Middle East. Born in Damascus, Asalah’s musical journey began early in life, and she has since evolved into a symbol of cultural pride and artistic

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