Standard Chartered appoints Emirati woman as new UAE CEO

Standard Chartered began operations in the UAE in 1958. (File/AFP)
Updated 10 September 2018
Follow

Standard Chartered appoints Emirati woman as new UAE CEO

  • Standard Chartered has appointed Rola Abu Manneh as the new chief executive for its business in the UAE
  • Manneh joined from FAB where she served as a senior managing director and head of corporate and investment banking

DUBAI: Standard Chartered has appointed former First Abu Dhabi Bank executive Rola Abu Manneh as the new chief executive for its business in the United Arab Emirates.

Manneh, whose appointment is with immediate effect, succeeds Julian Wynter who is retiring following 26 years at Standard Chartered, the bank said on Sunday.

Manneh, an Emirati, joins from FAB where she served as a senior managing director and head of corporate and investment banking division for the Abu Dhabi region.

She has also held senior-level positions in the domestic and international banking divisions and in wholesale banking, a statement from the bank said.

“I am looking forward to continuing the growth of the bank’s business and to strengthening relationships with clients, staff, regulators and the community at large,” Manneh said. 

(With Reuters)


Multilateralism strained, but global cooperation adapting: WEF report

Updated 10 January 2026
Follow

Multilateralism strained, but global cooperation adapting: WEF report

DUBAI: Overall levels of international cooperation have held steady in recent years, with smaller and more innovative partnerships emerging, often at regional and cross-regional levels, according to a World Economic Forum report.

The third edition of the Global Cooperation Barometer was launched on Thursday, ahead of the WEF’s annual meeting in Davos from Jan. 19 to 23.

“The takeaway of the Global Cooperation Barometer is that while multilateralism is under real strain, cooperation is not ending, it is adapting,” Ariel Kastner, head of geopolitical agenda and communications at WEF, told Arab News.

Developed alongside McKinsey & Company, the report uses 41 metrics to track global cooperation in five areas: Trade and capital; innovation and technology; climate and natural capital; health and wellness; and peace and security.

The pace of cooperation differs across sectors, with peace and security seeing the largest decline. Cooperation weakened across every tracked metric as conflicts intensified, military spending rose and multilateral mechanisms struggled to contain crises.

By contrast, climate and nature, alongside innovation and technology, recorded the strongest increases.

Rising finance flows and global supply chains supported record deployment of clean technologies, even as progress remained insufficient to meet global targets.

Despite tighter controls, cross-border data flows, IT services and digital connectivity continued to expand, underscoring the resilience of technology cooperation amid increasing restrictions.

The report found that collaboration in critical technologies is increasingly being channeled through smaller, aligned groupings rather than broad multilateral frameworks.  

This reflects a broader shift, Kastner said, highlighting the trend toward “pragmatic forms of collaboration — at the regional level or among smaller groups of countries — that advance both shared priorities and national interests.”

“In the Gulf, for example, partnerships and investments with Asia, Europe and Africa in areas such as energy, technology and infrastructure, illustrate how focused collaboration can deliver results despite broader, global headwinds,” he said.

Meanwhile, health and wellness and trade and capital remained flat.

Health outcomes have so far held up following the pandemic, but sharp declines in development assistance are placing growing strain on lower- and middle-income countries.

In trade, cooperation remained above pre-pandemic levels, with goods volumes continuing to grow, albeit at a slower pace than the global economy, while services and selected capital flows showed stronger momentum.

The report also highlights the growing role of smaller, trade-dependent economies in sustaining global cooperation through initiatives such as the Future of Investment and Trade Partnership, launched in September 2025 by the UAE, New Zealand, Singapore and Switzerland.

Looking ahead, maintaining open channels of communication will be critical, Kastner said.

“Crucially, the building block of cooperation in today’s more uncertain era is dialogue — parties can only identify areas of common ground by speaking with one another.”