As well as being a member of Emirates NBD’s group executive committee, Lubna Qassim also sits on the board of a Lebanese bank. It’s a rare position for a female to be in, given the global average of women sitting on boards today is 16 per cent and in the GCC it’s a dismal 2 per cent, according to a recent study by the Association of Chartered Certified Accountants (Acca) Middle East.
Ms Qassim, an Emirati, says other board members at the Lebanese bank are former ministers and influential members of the Lebanese community, ranging in age from 70 to 90. “It was amazing just to see the reaction at the first board meeting,” she says. “For the first time in their entire careers, a woman walks in. Of course, I giggled internally. They had worked with women – their PAs, their supporters – but here there was a female board member who was not only there to nod heads, but to speak smartly.”
Ms Qassim recently shared her story at a Dubai Business Women’s Council panel talk on why gender balance and diversity make good business sense, held at Dubai’s Chamber of Commerce and Industry.
The executive vice president and group general counsel at Emirates NBD says she has always been “gender blind” in her work and that whenever she notices sexism, she tries to “influence it”. “We add value through these kind of contributions we all make in our everyday lives,” she adds. For Andrew Mortimer, the managing director and country manager for the Middle East at Barclays, Ms Qassim’s story is an example of how women should share their personal success stories.
Barclays itself is a 326-year-old bank, and last year, for the first time in its history, it hit a milestone by employing more women than men, says Mr Mortimer. However, only three out of 13 Barclays board members are women.
“The challenge is for women to climb up the echelons of the organisation and we’re not there yet,” Mr Mortimer admits. But he points out just how much the gender landscape has changed in the financial services industry since 1988, when he started working for a stockbroker. “Back then, it was an incredibly male-dominated, highly testosterone-charged environment. I met my wife there, she was on the sales trading floor. Any of you who’ve seen The Wolf of Wall Street can imagine what it must have been like for her.”
To Mr Mortimer, the 2008 financial crisis was “almost the catalyst” for increasing gender diversity in the industry. “Could the number of banks that failed during that period have been averted if we’d the right diverse mix of decision-makers from top to bottom?” he asks. “I think that’s what was missing.”
To root out “unconscious bias” and promote the advancement of women at Barclays, Mr Mortimer says support networks have been created. “We have a mums’ network and a carers network, which bring together individuals to share the challenges they’re facing,” he says. “We’ve also tried hard to enforce flexible working, which is increasingly enabled by technology.”
Fadi Matar, a public and government affairs director for the Dow Chemical Company, is keen to encourage more women to come forward for jobs in his industry. He recalls advertising a job in Saudi Arabia two years ago, and receiving about 40 CVs – all from men. “The lady in HR asked me: how many females did you interview? I said ‘actually, none, because females hadn’t applied’. She said ‘that’s not a reason’,” he says.
“So we went back to the market and, using LinkedIn and search tools, found a number of females and actually ended up recruiting a woman. I was sad to see only males coming forward, because the females believed ‘why should I bother applying? I won’t get it’.”
Dow holds women in leadership sessions where female leaders are invited to share their career success stories.
However Raja Al Gurg, president of the Dubai Women’s Business Council and managing director of the Easa Saleh Al Gurg Group, says that unlike men, many women fail to to broadcast their achievements. Instead they “just keep a low profile and sell their abilities cheaply”.
“Women unfortunately always feel guilty and inferior, they do this to themselves,” she adds. “Why should the men make the paths for women to become leaders? The women themselves can become leaders.”
Ms Al Gurg recalls a lunch with the IMF’s Christine Lagarde at February’s World Government Summit in Dubai, where one woman complained about men refusing to “look at your face and eyes” when she spoke to them.
“I said ‘oh, you accepted that?’ Lagarde, who was sitting next to me, asked ‘Raja, what would you do?’ I said, I would say ‘maybe my points are not valid’ … and go out of the meeting. If there is nobody to hear me, I don’t want to sit and talk in vain.”
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Saturday
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Sunday
Parma v Napoli (2.30pm)
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AC Milan v Bologna (10.45om)
Playing September 30
Benevento v Inter Milan (8pm)
Udinese v Spezia (8pm)
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MEDIEVIL (1998)
Developer: SCE Studio Cambridge
Publisher: Sony Computer Entertainment
Console: PlayStation, PlayStation 4 and 5
Rating: 3.5/5
Confirmed bouts (more to be added)
Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez
Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.
Company profile: buybackbazaar.com
Name: buybackbazaar.com
Started: January 2018
Founder(s): Pishu Ganglani and Ricky Husaini
Based: Dubai
Sector: FinTech, micro finance
Initial investment: $1 million
Profile of VoucherSkout
Date of launch: November 2016
Founder: David Tobias
Based: Jumeirah Lake Towers
Sector: Technology
Size: 18 employees
Stage: Embarking on a Series A round to raise $5 million in the first quarter of 2019 with a 20 per cent stake
Investors: Seed round was self-funded with “millions of dollars”
Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
The specs
Engine: 4-cylinder 2.0L TSI
Transmission: Dual clutch 7-speed
Power: 320HP / 235kW
Torque: 400Nm
Price: from $49,709
On sale: now
Bombshell
Director: Jay Roach
Stars: Nicole Kidman, Charlize Theron, Margot Robbie
Four out of five stars
Company Profile
Name: HyveGeo
Started: 2023
Founders: Abdulaziz bin Redha, Dr Samsurin Welch, Eva Morales and Dr Harjit Singh
Based: Cambridge and Dubai
Number of employees: 8
Industry: Sustainability & Environment
Funding: $200,000 plus undisclosed grant
Investors: Venture capital and government
COMPANY PROFILE
Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside
The specs
Engine: 2.0-litre 4-cyl turbo
Power: 201hp at 5,200rpm
Torque: 320Nm at 1,750-4,000rpm
Transmission: 6-speed auto
Fuel consumption: 8.7L/100km
Price: Dh133,900
On sale: now
On racial profiling at airports
More Expo 2020 Dubai pavilions:
The biog
Family: Parents and four sisters
Education: Bachelor’s degree in business management and marketing at American University of Sharjah
A self-confessed foodie, she enjoys trying out new cuisines, her current favourite is the poke superfood bowls
Likes reading: autobiographies and fiction
Favourite holiday destination: Italy
Posts information about challenges, events, runs in other emirates on the group's Instagram account @Anagowrunning
Has created a database of Emirati and GCC sportspeople on Instagram @abeermk, highlight: Athletes
Apart from training, also talks to women about nutrition, healthy lifestyle, diabetes, cholesterol, blood pressure
The specs: 2024 Mercedes E200
Engine: 2.0-litre four-cyl turbo + mild hybrid
Power: 204hp at 5,800rpm +23hp hybrid boost
Torque: 320Nm at 1,800rpm +205Nm hybrid boost
Transmission: 9-speed auto
Fuel consumption: 7.3L/100km
On sale: November/December
Price: From Dh205,000 (estimate)
COMPANY PROFILE
Name: SmartCrowd
Started: 2018
Founder: Siddiq Farid and Musfique Ahmed
Based: Dubai
Sector: FinTech / PropTech
Initial investment: $650,000
Current number of staff: 35
Investment stage: Series A
Investors: Various institutional investors and notable angel investors (500 MENA, Shurooq, Mada, Seedstar, Tricap)
WE NO LONGER PREFER MOUNTAINS
Director: Inas Halabi
Starring: Nijmeh Hamdan, Kamal Kayouf, Sheikh Najib Alou
Rating: 4/5
Other ways to buy used products in the UAE
UAE insurance firm Al Wathba National Insurance Company (AWNIC) last year launched an e-commerce website with a facility enabling users to buy car wrecks.
Bidders and potential buyers register on the online salvage car auction portal to view vehicles, review condition reports, or arrange physical surveys, and then start bidding for motors they plan to restore or harvest for parts.
Physical salvage car auctions are a common method for insurers around the world to move on heavily damaged vehicles, but AWNIC is one of the few UAE insurers to offer such services online.
For cars and less sizeable items such as bicycles and furniture, Dubizzle is arguably the best-known marketplace for pre-loved.
Founded in 2005, in recent years it has been joined by a plethora of Facebook community pages for shifting used goods, including Abu Dhabi Marketplace, Flea Market UAE and Arabian Ranches Souq Market while sites such as The Luxury Closet and Riot deal largely in second-hand fashion.
At the high-end of the pre-used spectrum, resellers such as Timepiece360.ae, WatchBox Middle East and Watches Market Dubai deal in authenticated second-hand luxury timepieces from brands such as Rolex, Hublot and Tag Heuer, with a warranty.
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now