Sheikha Lubna Al Qasimi - Power 500 2012

10

Sheikha Lubna Al Qasimi

Industry: Banking & Finance

Nationality: United Arab Emirates

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Sheikha Lubna’s background lies in IT; she won plaudits for developing a system that slashed cargo turnaround times at Dubai airport, and in 2000 founded Tejari, the Middle East’s first business-to-business online marketplace.

The firm, which is now one of Dubai World’s most successful units, has franchises across the Middle East and was initially funded by HH Sheikh Mohammed Bin Rashid Al Maktoum, ruler of Dubai, and prime minister of the UAE. Sheikha Lubna was appointed to her first ministerial post in November 2004 – becoming Minister of Economy and Planning, before taking the Minister of Foreign Trade brief afterwards In January, Sheikha Lubna met with US Secretary of State Hillary Clinton to discuss enhanced trade ties. The Gulf country is already the largest export market for US goods in the Middle East. The minister is also currently working hard to sign off the US Middle East Free Trade Area by next year. But amidst her whirlwind tours around the world, Sheikha Lubna has still managed to retain her own business interests. The minister also sits on the board of directors at the Dubai Chamber for Commerce and Industry.

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