British-Egyptian Nemat Shafik, the first-ever deputy governor of the Bank of England, ranked first on the list of the most powerful women with Arab origins in 2016, according to Forbes Middle East ranking. Moreover, Shafik ranked 59 out of the most powerful women across the globe, according to Forbes list of powerful women which was topped by Angela Merkel, the German chancellor, followed by US presidential candidate Hillary Clinton. In 2015, Shafik was selected as the 66th most powerful woman on the same list. “[She is] called the sheriff of the markets and the most powerful woman in London,” Forbes said. Nayla Hayek, chairwoman of Swatch group and CEO for Harry Winston came in third place on the Forbes list.

Source: Egypt Independent February 15, 2017 14:10 UTC