The pace of legal reforms concerning the equal treatment of women around the world has plummeted to a 20-year low, posing a potential threat to sustainable and inclusive growth at a critical time for the world economy.
At the current rate of reform, in many countries, a woman entering the workforce today will retire before she can gain the same rights as men, the World Bank said in a report on Thursday.
Women, on average, have only about three fourths of the rights granted to men by the law, the Washington-based lender said.
“At a time when global economic growth is slowing, all countries need to mobilise their full productive capacity to confront the confluence of crises besetting them,” Indermit Gill, chief economist of the World Bank Group and senior vice president for development economics, said.
“Governments can’t afford to sideline as much as half of their population. Denying equal rights to women across much of the world is not just unfair to women; it is a barrier to countries’ ability to promote green, resilient and inclusive development.”
The annual report assesses 190 countries’ laws and regulations in eight areas related to women’s economic participation — mobility, workplace, pay, marriage, parenthood, entrepreneurship, assets and pensions.
The data — which is current through to October 1, 2022 — offers measurable benchmarks for global progress towards legal gender equality.
The latest Women, Business and the Law report evaluates global progress made in pursuing gender equality through the law over the past 50 years.
Since 1970, the global average Women, Business and the Law score has improved by about two thirds, rising from 45.8 to 77.1 points, the lender said.
In 2022, economies adopted the fewest gender-related reforms in more than two decades, while some countries are even reversing previously granted rights.
Currently, only 14 countries — all of them high-income economies — have laws that give women the same rights as men, the World Bank report found.
Globally, about 2.4 billion women of working age still do not have the same rights as men.
Last year, only 34 gender-related legal reforms were recorded across 18 countries — the lowest since 2001.
Most reforms focused on increasing paid leave for parents and fathers, removing restrictions for women’s work and mandating equal pay.
It will take another 1,549 reforms to reach substantial legal gender equality everywhere in the areas measured by the report.
At the current pace, it would take at least 50 years on average to reach that target, the multilateral lender said.
A trend of “reform fatigue” has emerged in terms of legal gender equality, especially in areas with long-established norms, such as the rights of women to inherit and own property, the report said.
New analysis of the data shows that economies with historically larger legal gender gaps have been catching up, especially since 2000.
Currently, equal economic opportunities for women are highest in Organisation for Economic Co-operation and Development high-income economies but important reforms have continued in developing countries, the report showed.
Sub-Saharan Africa made significant progress last year. The region accounted for more than half of all reforms worldwide in 2022, with seven economies — Benin, the Republic of Congo, the Ivory Coast, Gabon, Malawi, Senegal and Uganda — enacting 18 positive legal changes.
However, more needs to be done globally to ensure tangible results in the pursuit of equal opportunities under the law for women, according to World Bank.
“Women cannot afford to wait any longer to reach gender equality. Neither can the global economy,” it said.
Company profile
Name: Steppi
Founders: Joe Franklin and Milos Savic
Launched: February 2020
Size: 10,000 users by the end of July and a goal of 200,000 users by the end of the year
Employees: Five
Based: Jumeirah Lakes Towers, Dubai
Financing stage: Two seed rounds – the first sourced from angel investors and the founders' personal savings
Second round raised Dh720,000 from silent investors in June this year
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
COMPANY%20PROFILE
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GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
Another way to earn air miles
In addition to the Emirates and Etihad programmes, there is the Air Miles Middle East card, which offers members the ability to choose any airline, has no black-out dates and no restrictions on seat availability. Air Miles is linked up to HSBC credit cards and can also be earned through retail partners such as Spinneys, Sharaf DG and The Toy Store.
An Emirates Dubai-London round-trip ticket costs 180,000 miles on the Air Miles website. But customers earn these ‘miles’ at a much faster rate than airline miles. Adidas offers two air miles per Dh1 spent. Air Miles has partnerships with websites as well, so booking.com and agoda.com offer three miles per Dh1 spent.
“If you use your HSBC credit card when shopping at our partners, you are able to earn Air Miles twice which will mean you can get that flight reward faster and for less spend,” says Paul Lacey, the managing director for Europe, Middle East and India for Aimia, which owns and operates Air Miles Middle East.
UAE currency: the story behind the money in your pockets
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
UAE currency: the story behind the money in your pockets
THE SPECS
Jaguar F-Pace SVR
Engine: 5-litre supercharged V8
Transmission: 8-speed automatic
Power: 542bhp
Torque: 680Nm
Price: Dh465,071
UAE currency: the story behind the money in your pockets
SEMI-FINAL
Monterrey 1
Funes Mori (14)
Liverpool 2
Keita (11), Firmino (90 1)
COMPANY%20PROFILE
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More from Rashmee Roshan Lall
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners