Sheikha Bodour bint Sultan Al Qasimi has been named president of the American University of Sharjah.
She was appointed by Sheikh Dr Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, to be his successor in the role.
Sheikha Bodour will also serve as chairwoman of the university's board of trustees, state news agency Wam reported.
Sheikh Dr Sultan said he was standing down after more than 25 years of service in the position to allow a "new generation" to lead the university.
The decision was made following a federal decree issued by the Sharjah Ruler.
“I have chosen to appoint Sheikha Bodour bint Sultan Al Qasimi because of her knowledge and competence in work to be the president of the American University of Sharjah, and I will not be far from her, not only from her, but from the American University of Sharjah as well,” Sheikh Dr Sultan said, in quotes carried by Wam.
It is the latest achievement in a distinguished career for the Sharjah royal.
In 2020, she became the first woman in the Arab world to be appointed President of the International Publishers Association.
She founded the Emirates Publishers Association in 2009, which gained full membership of IPA three years later.
The Sharjah Ruler established the American University of Sharjah in 1997. The institution offers a wide variety of degrees across fields such as the arts and sciences, business administration, architecture and design and engineering.
It serves more than 5,000 students from 86 countries. The best-represented country is the UAE, followed by Egypt and then India and Jordan, in third place.
Among its prominent former students is Sarah Al Amiri, a computer science graduate who led the UAE's space agency during historic missions and now acts as Minister of State for Public Education and Future Technology. Ms Al Amiri was formerly the Minister of State for Advanced Sciences.
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Young women have more “financial grit”, but fall behind on investing
In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.
While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.
In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all).
“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”
Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.
"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."
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