Minister of International Cooperation, Arab Republic of Egypt
Dr. Rania A. Al-Mashat is Egypt’s current Minister of International Cooperation. Prior to this appointment, she was the first woman to serve as Egypt’s Minister of Tourism. She encourages the recognition of tourism globally as a driver for sustainable development.
Previously, Dr. Al-Mashat was Advisor to the Chief Economist of the International Monetary Fund in Washington DC, where she specialised in central banking, designing monetary policy frameworks, and defining financial stability tools.
While serving as Sub-Governor for Monetary Policy at the Central Bank of Egypt (CBE), Dr. Al Mashat managed the country’s macroeconomic transition during a particularly challenging period. She also helped design and present the Government of Egypt’s Economic Program after the 2011 revolution.
Dr. Al Mashat has had several board affiliations, including on the Egyptian Stock Exchange, the Arab International Bank, and the Middle East Economic Association. She is a Research Fellow at the Economic Research Forum for Arab countries, Iran and Turkey, a lecturer at the Egyptian Banking Institute, and was an Adjunct Professor of Economics at the American University of Cairo.
In 2019, Dr. Al-Mashat received the ‘Global Champion Award’ from the World Travel & Tourism Council, as well as the World Travel Market’s Global Leaders Award for ‘Outstanding Contribution to the Industry’. She was recognised as among the top 50 most influential women in the Egyptian economy during 2015, and was chosen to join the Scientific Council of Bruegel (an influential policy think tank in Europe) in 2017.
She received her PhD and MA in Economics from the University of Maryland, College Park, holds a BA in Economics from AUC, and completed Executive Education programmes in Leadership and Public Policy from the universities of Harvard and Oxford.
Dubai Electricity and Water Authority (DEWA) was formed on 1 January, 1992, by a decree issued by the late Sheikh Maktoum bin Rashid Al Maktoum to merge Dubai Electricity Company and Dubai Water Department, which had been operating independently before then. Both organisations were established by the late Sheikh Rashid bin Saeed Al Maktoum in 1959. Dubai Government fully supported the Electricity Company and the Water Department to provide Dubai’s citizens and residents with a continuous and reliable supply of electricity and water. Since then, DEWA has made considerable achievements, to be ranked as one of the best utilities in the world. DEWA provides services today to more than 900,000 customers with a happiness rate that reached 95% in 2018.
The UAE, represented by Dubai Electricity and Water Authority (DEWA), has maintained its first global ranking, for the third consecutive year, with scores of 100% in all Getting Electricity indicators in the World Bank’s Doing Business 2020 report. The report measures the ease of doing business in 190 economies around the world. DEWA achieved competitive results in global benchmarking, surpassing the private sector and major European and American utilities in efficiency and reliability. DEWA raised the efficiency of its energy production by using the latest technologies and adopting technological innovations, surpassing European and American utilities, by reducing losses from electricity transmission and distribution networks to 3.3% compared to 6–7% in the US and Europe. DEWA also achieved the lowest customer minutes lost per year (CML) in the world of 2.39 CML compared to 15 minutes in Europe and was also able to reduce water network losses to 6.5% in 2018 compared to 15% in North America, which is one of the best results in the world.