Vice President Kamala Harris on Thursday swore in Yael Lempert as the new US ambassador to Jordan.
Ms Lempert, a career diplomat, was confirmed for the position in July.
“The US remains committed to our strong partnership with the Kingdom as our long-time ally & essential strategic partner in the region,” a social media post by the State Department's Near Eastern Affairs office read.
Ms Lempert was nominated for the ambassadorship in January.
“Lempert’s substantive background in Near Eastern affairs, demonstrated ability to lead large inter-agency teams, language expertise and broad diplomatic experience make her a well-qualified candidate to serve as US ambassador to Jordan,” the State Department said in its letter nominating her for the role.
Who is Yael Lempert?
A native of Ithaca, New York, Ms Lempert earned undergraduate and graduate degrees from the School of Foreign Service at Georgetown University, and is the recipient of a number of State Department Superior and Meritorious Honour awards.
Prior to her confirmation, she served as the principal deputy assistant secretary for the Bureau of Near Eastern Affairs, after working as its acting assistant secretary. She has also worked on Middle East topics at the National Security Council.
Ms Lempert, who speaks Arabic, has worked at the US embassies in Libya and Egypt as well as at the US Consulate in Jerusalem.
She was part of the US delegation to the first Negev Forum Working Groups conference in- Abu Dhabi in January, where she met representatives from Bahrain, Egypt, Israel, Morocco and the UAE to push regional integration and co-operation.
How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
“Technology and education should be the main drivers to make this happen, whether it’s investing in a few clicks or their schools/parents stepping up their personal finance education skills,” he adds.
Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
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