The Abu Dhabi skyline. The UAE has taken several steps to increase women’s participation in the workforce. Khushnum Bhandari/ The National
The Abu Dhabi skyline. The UAE has taken several steps to increase women’s participation in the workforce. Khushnum Bhandari/ The National
The Abu Dhabi skyline. The UAE has taken several steps to increase women’s participation in the workforce. Khushnum Bhandari/ The National
The Abu Dhabi skyline. The UAE has taken several steps to increase women’s participation in the workforce. Khushnum Bhandari/ The National

New board formed for Abu Dhabi Businesswomen Council


Sarmad Khan
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The Abu Dhabi Chamber of Commerce and Industry has formed a new board for the Abu Dhabi Businesswomen Council (ADBWC) to help female entrepreneurs boost their contribution to the emirate’s economy.

The board's mandate is to help women refine their skills and introduce them to the applicable laws and policies, Abu Dhabi Chamber said in a statement on Sunday.

It will also aim to help businesswomen learn how to benefit from local and federal government initiatives and incentives.

Chaired by Asma Al Fahim, the new ADBWC board includes Nour Al Tamimi, Khadija Al Ameri, Marwa Al Mansouri, and Sheikha Al Nuwais.

“Over the past 50 years, the UAE has placed women empowerment among its top priorities and supported the Emirati woman to be a key partner in building the UAE,” Ms Al Fahim said.

The UAE, the Arab world’s second-largest economy, is keen to increase women’s participation in the workforce and has launched several programmes to support female entrepreneurs, promote them to leadership roles in the workplace and boost their representation on corporate boards.

Women currently occupy 27 per cent of seats in the Cabinet, with the UAE having nine female ministers, Sheikha Fatima, Mother of the Nation and honorary chairwoman of the ADBWC, said in August.

Women also make up 30 per cent of the total workforce in diplomatic service, 64 per cent in education and healthcare sectors, with 23,000 female entrepreneurs managing projects with a total value of more than Dh50 billion ($13.6bn) in the UAE, she said at the time.

The ADBWC remains keen to increase its “communication with businesswomen in Abu Dhabi” to keep them updated on the latest economic changes, Ms Al Fahim said.

The council will launch its own initiatives and programmes to support the business environment and equip entrepreneurs with the means to allow them to benefit from business opportunities in the local, regional and international markets, she added.

The most expensive investment mistake you will ever make

When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.

“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.

This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).

Age

$250 a month

$500 a month

$1,000 a month

25

$640,829

$1,281,657

$2,563,315

35

$303,219

$606,439

$1,212,877

45

$131,596

$263,191

$526,382

55

$44,351

$88,702

$177,403

 

Gran Gala del Calcio 2019 winners

Best Player: Cristiano Ronaldo (Juventus)
Best Coach: Gian Piero Gasperini (Atalanta)
Best Referee: Gianluca Rocchi
Best Goal: Fabio Quagliarella (Sampdoria vs Napoli)
Best Team: Atalanta​​​​​​​
Best XI: Samir Handanovic (Inter); Aleksandar Kolarov (Roma), Giorgio Chiellini (Juventus), Kalidou Koulibaly (Napoli), Joao Cancelo (Juventus*); Miralem Pjanic (Juventus), Josip Ilicic (Atalanta), Nicolo Barella (Cagliari*); Fabio Quagliarella (Sampdoria), Cristiano Ronaldo (Juventus), Duvan Zapata (Atalanta)
Serie B Best Young Player: Sandro Tonali (Brescia)
Best Women’s Goal: Thaisa (Milan vs Juventus)
Best Women’s Player: Manuela Giugliano (Milan)
Best Women’s XI: Laura Giuliani (Milan); Alia Guagni (Fiorentina), Sara Gama (Juventus), Cecilia Salvai (Juventus), Elisa Bartoli (Roma); Aurora Galli (Juventus), Manuela Giugliano (Roma), Valentina Cernoia (Juventus); Valentina Giacinti (Milan), Ilaria Mauro (Fiorentina), Barbara Bonansea (Juventus)

RESULTS

5pm: Handicap (PA) Dh70,000 1,400m
Winner: AF Tathoor, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
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Winner: Dahawi, Antonio Fresu, Musabah Al Muhairi
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Winner: Aiz Alawda, Fernando Jara, Ahmed Al Mehairbi
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Winner: Winked, Connor Beasley, Abdallah Al Hammadi
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Winner: Somoud, Connor Beasley, Ahmed Al Mehairbi
8pm: Handicap (PA) Dh70,000 1,600m
Winner: Al Jazi, Fabrice Veron, Eric Lemartinel

Updated: October 02, 2022, 12:11 PM