Shamsa Saleh is now enjoying the flexibility she once longed for as well as the fruits of her labour. Satish Kumar / The National
Shamsa Saleh is now enjoying the flexibility she once longed for as well as the fruits of her labour. Satish Kumar / The National

Delicate balancing act for Emirati women in the workplace



In 2008, Shamsa Saleh was pregnant with her first child. She was working at the Dubai International Financial Centre as vice-president of corporate strategy at Nasdaq Dubai but was struggling to find the work-life balance she was striving for.

“Back then the nature of work and the financial setting for me as a married and working woman meant working very long hours, and required travelling overseas because of my involvement in international projects,” says Ms Saleh, now the chief executive of Dubai Women Establishment (DWE).

“That helped my ambition but then I got a call from DWE that they needed a female strategist to work on unique projects. I saw that one of the pillars they were focusing on was work-life balance. I saw this as time for me to satisfy my ambition and yet have the work-life balance that I am looking for without affect­ing my family or putting my future plans on hold.”

Eight years since taking the helm of DWE – a statutory Dubai government body set up in 2006, which encourages the participation of Emirati women in the workforce and society – Ms Saleh is now enjoying the flexibility she once longed for as well as the fruits of her labour.

“The strategy of DWE was really attractive for me as a working woman because apart from a career, I am fulfilling a greater mission to help women. This is an important mission that, I think, everybody – every woman – appreciates,” says Ms Saleh, 35, now a mother of three. “We have contributed to making women’s lives better and retaining these women in the workplace and contributed to offering their children a better environment where they are happy, relaxed and satisfied.”

Emirati women, in general, are increasingly participating in the labour force, although still at a rate lower than men.

While 46.5 per cent of the ­total Emirati population of Dubai is economically active, around 32.1 per cent of those are females, according to a 2012 Lab­our Force survey by the Dubai Statistics Centre.

And a 2012 report by the consultancy Booz & Company, now called Strategy &, revealed that the UAE economy could benefit enormously from more women in the workplace: raising female employment to male levels could have a direct effect on GDP of 12 per cent.

Ms Saleh also believes more can be done to persuade Emi­rati women to join the workforce, something DWE is actively involved in.

“Our vision and leadership dir­ection is to fulfil the gender gap in the region and have women participate in every field,” says Ms Saleh, who studied information technology and then focused on a diploma in strategic planning, as part of the first batch of Zayed University graduates.

One initiative is the women leadership programme launched in 2009. DWE built a database of women who are capable of holding the levers of power in the private and public sector.

It also enrolled a batch of women in a leadership exchange programme with Sweden, with senior Swedish and Emirati professional women from the government and private sector spending two weeks in Sweden completing courses on leadership skills. In the second phase, DWE welcomed the Swedish participants to Dubai, where they visited leading companies to learn from their best practices.

“This gives UAE women leaders the opportunity to open a dialogue with international women and benefit from their experience and learn from the success stories. It also helps us to change the perception that people in the West have about Arab women,” says Ms Saleh. “There are some negative ste­reo­types we need to correct and it has been built because of certain practices in neighbouring areas.”

The female labour force par­tici­pation in the Middle East and North Africa region as a whole remains low at 26 per cent, compared with 35 per cent in South Asia, 64 per cent in East Asia and the Pacific and 61 per cent in Sub-Saharan Africa, according to a 2012 World Development report published by the World Bank.

“The biggest challenge is the time you need to change people’s perception and the women’s belief in themselves and their capabilities,” says Ms Saleh. “Spreading the concept of women participating in soc­iety and the economy, it takes time.”

To help raise awareness, DWE is organising the Global Women’s Forum in Dubai for the first time in the Middle East. The forum, taking place on February 23 and 24 at Madinat Jumeirah, will host more than 2,000 participants and 200 speakers from different sectors, including Christine Lagarde, the managing director of the IMF. The theme of the forum is innovation.

“The strategy of the UAE is to build the culture of innovation in the nation and adopt innovation as a part of the lifestyle for each and every individual in the country,” says Ms Saleh. “Also we have the agenda of filling the gender gap. Matching these two subjects together on an international platform will really give it a great result and outcome.”

dalsaadi@thenational.ae

Follow The National's Business section on Twitter

Copa del Rey

Semi-final, first leg

Barcelona 1 (Malcom 57')
Real Madrid (Vazquez 6')

Second leg, February 27

Bangladesh tour of Pakistan

January 24 – First T20, Lahore

January 25 – Second T20, Lahore

January 27 – Third T20, Lahore

February 7-11 – First Test, Rawalpindi

April 3 – One-off ODI, Karachi

April 5-9 – Second Test, Karachi

COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Schedule
%3Cp%3E%3Cstrong%3ENovember%2013-14%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20World%20Youth%20Jiu-Jitsu%20Championship%3Cbr%3E%3Cstrong%3ENovember%2015-16%3A%20%3C%2Fstrong%3EAbu%20Dhabi%20World%20Masters%20Jiu-Jitsu%20Championship%3Cbr%3E%3Cstrong%3ENovember%2017-19%3A%3C%2Fstrong%3E%20Abu%20Dhabi%20World%20Professional%20Jiu-Jitsu%20Championship%20followed%20by%20the%20Abu%20Dhabi%20World%20Jiu-Jitsu%20Awards%3C%2Fp%3E%0A
Company profile

Company: Verity

Date started: May 2021

Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif

Based: Dubai

Sector: FinTech

Size: four team members

Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000

Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors

'O'
%3Cp%3E%3Cstrong%3EAuthor%3A%3C%2Fstrong%3E%20Zeina%20Hashem%20Beck%3Cbr%3E%3Cstrong%3EPages%3A%3C%2Fstrong%3E%20112%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Penguin%20Books%3Cbr%3E%3Cstrong%3EAvailable%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%204.4-litre%20twin-turbo%20V8%20with%2048V%20mild%20hybrid%20system%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E544hp%20at%205%2C500rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E750Nm%20at%201%2C800-5%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3Efrom%20Dh700%2C000%20(estimate)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Elate%20November%3C%2Fp%3E%0A
The specs
Engine: 4.0-litre flat-six
Power: 510hp at 9,000rpm
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
Price: From Dh801,800
The specs

Engine: 2-litre 4-cylinder and 3.6-litre 6-cylinder

Power: 220 and 280 horsepower

Torque: 350 and 360Nm

Transmission: eight-speed automatic

Price: from Dh136,521 VAT and Dh166,464 VAT 

On sale: now

A State of Passion

Directors: Carol Mansour and Muna Khalidi

Stars: Dr Ghassan Abu-Sittah

Rating: 4/5