The newly unveiled Women's Pavilion, part of Expo 2020. Courtesy Cartier
The newly unveiled Women's Pavilion, part of Expo 2020. Courtesy Cartier
The newly unveiled Women's Pavilion, part of Expo 2020. Courtesy Cartier
The newly unveiled Women's Pavilion, part of Expo 2020. Courtesy Cartier

Expo 2020 Dubai: Cartier's Women’s Pavilion to shine a light on equality and empowerment


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Cartier has offered a tantalising glimpse of its Women’s Pavilion, which will open its doors with the rest of Expo 2020 on October 1.

Organisers say this is the first time in more than a century that an Expo will feature a space dedicated to women.

Designed to highlight the contribution women make to society, the space will shine a light on change-makers, female empowerment and gender equality. Under the banner "When women thrive, humanity thrives", the pavilion will focus on how men and women must work together to battle inequality.

The project, three years in the making, has been spearheaded by two remarkable women: Hind Alowais, vice president of the international participants department at Expo 2020, and Sophie Doireau, managing director of Cartier Middle East.

Very much a collaboration, the synergy between the two women is the engine driving this ambitious project forward. With a shared commitment to raising awareness of the gender bias women face on a daily basis, the two women are so in tune, they can practically finish one another’s sentences.

Speaking to The National, amid jokes about what to term a female "bromance", the conversation inevitably turns to the effect of Covid-19 on the project, which was originally meant to be unveiled in 2020.

Alowais explains that despite the initial shock, little actually changed. “For us at Expo, nothing really stopped. Things may have slowed down, but we kept on going. Of course, things had to adapt, but not for one moment did we step back.”

"Not even in the most uncertain time, when it was complete lockdown," Doireau says. "On the contrary, we thought it was more meaningful to have this women's pavilion. When we look back, we look at the figures, the impact that Covid had – and is having – on women, it is really mandatory that we launch this pavilion."

How the pandemic has affected women

Over the past 16 months, closed schools have forced women back into the home to tend to children, while the collapse of the informal economy – a sector largely populated by women – has caused many to lose their income almost overnight.

According to the World Health Organisation, more than 70 per cent of frontline healthcare workers are women, while in Italy and Spain, the overwhelming majority of healthcare workers who have contracted Covid-19 are female. The fact that personal protective equipment (PPE) was designed to primarily fit men is now understood to be the reason.

What Covid has shown us is that progress can be rolled back very quickly. And women have had to bear the brunt of that.

Meanwhile, according to the World Economic Forum, the pandemic has added another 30 years to the gender gap, meaning it will now take 136 years before women can enjoy the same rights and privileges as men.

“And this [change] is in one year only,” Alowais says. “What Covid has shown us is that progress can be rolled back very quickly. And women have had to bear the brunt of that.”

However, despite the hardships that the pandemic has wrought, it has also triggered a new sense of unity. Both Doireau and Alowais says that this moment can be used as a powerful catalyst to expand women's rights.

“I think what Covid has shown us is that you cannot separate human beings, our human experience," Alowais says. "When the world goes through something like this, that puts everyone in one boat, it reaffirms this idea that we are all in this together.”

'Meaningful alliances and powerful collaborations'

To better reflect our changed world, the content of the pavilion has shifted from its original design a year ago.

“We have adapted our content throughout the pavilion. We now, for example, have a dedicated section on Covid-19 impacting women, with facts and figures that showcase how terrible it is, and how the impact will last for years and years if we don’t do anything," says Doireau.

"As well as all the programming, we will put a lens on the way Covid has been handled," she says, also noting that female-led nations, such as New Zealand, Switzerland and Norway, have fared better against the virus.

“Covid-19 has led us to think differently. Not any more is the topic of gender equality only for governments, institutions and companies. Now it is [about] creating meaningful alliances and powerful collaborations, and coming together with different perspectives that will make things evolve.”

At first glance, Cartier may seem an unlikely champion for women’s rights, yet since it was founded in 1847, it has catered to a largely female clientele, creating pieces that spoke to the women of the day.

Cartier president and chief executive Cyrille Vigneron, left, meeting with Reem Al Hashimy, director-general of Dubai Expo 2020 and Minister of State for International Co-operation. Courtesy Cartier
Cartier president and chief executive Cyrille Vigneron, left, meeting with Reem Al Hashimy, director-general of Dubai Expo 2020 and Minister of State for International Co-operation. Courtesy Cartier

In 2006, it launched the Cartier Women’s Initiative (CWI), to support and nurture female entrepreneurs who are still too often overlooked. Thanks to a system of prize money, support and mentorship programmes, the CWI elevates 21 female-run companies a year.

"We believe that empowering women has a multiplier effect: it helps drive economic growth and development, and benefits societies and humanity at large," says Cyrille Vigneron, president and chief executive of Cartier.

For Doireau, such backing is crucial. “When you have leaders speak in this way, and commit and act on it, it’s not just words. Cyrille walks the talk, and we really need these champions to honour the cause and show us, in concrete action, what it means.”

Continuing a legacy of equality 

Alowais says this kind of leadership is familiar in the UAE. "I have to remind you of the words of Sheikh Zayed [the Founding Father], when instituting this country, who said: 'Nothing gives me greater pleasure than seeing women take their rightful place in society.'

"In the UAE, progress has been significant, if you think this country was only founded 50 years ago. And when you see the women’s leadership in this country and the breakthroughs, it is phenomenal.”

Nadine Labaki is creating a film for the Women's Pavilion. Leslie Pableo / The National.
Nadine Labaki is creating a film for the Women's Pavilion. Leslie Pableo / The National.

Four of the artists involved in the Women's Pavilion have now been named. Architect Laura Gonzalez designed the facade of the pavilion, while Lebanese director and Oscar nominee Nadine Labaki will create a film to be shown in the space. Screenwriter and director Melanie Laurent will curate an immersive exhibition, as will French-Tunisian artist eL Seed, in a nod to exclusivity.

“This was a deliberate choice,” says Doireau.

In what promises to be a busy six-month schedule of talks and events, the pavilion will offer an inclusive space for artists, scientists, politicians, entrepreneurs and business leaders to engage in dialogue. There will also be a series called Women in Arabia and Islam, to celebrate females of the region, as the wider aim of the pavilion is to help bring about what Cartier describes as a "cleaner, safer, healthier world".

Alowais is proud of her country's open-minded thinking, and how that is being translated in the Women's Pavilion.

“The country is built around collaboration and tolerance, with 200 nationalities living here. The UAE is so future-facing because of this value that everyone has something to contribute. We can show the rest of the world how business can be done, because business as usual is not going to work any more.”

Doireau says the wider issue is too important to dilute. "As Cartier, we are coming to this pavilion not as a brand, but as a citizen of the world."

In a show of its commitment, Cartier is not even trying to coax customers to buy anything while they are there.

“We have nothing to sell in this pavilion. This is really a very important story for Cartier to tell. We need to stand for a cause that is dear to us.”

In addition to the trials brought about by the global pandemic, the sheer scale of the project meant that every detail was debated at length.

“It’s been a long journey, and where we have arrived is really meaningful, comprehensive and everything we wanted since the beginning," Doireau says. "I am so proud to be here. I am so happy we have this collaboration to showcase what the UAE has done for women. Whether at a ministerial or corporate level, it is meaningful as it is a meritocracy.

"For me, it is just connecting the dots for everything that is important: values, trust and having always in mind to make this world better.”

Should late investors consider cryptocurrencies?

Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.

They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.

“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.

He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

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10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

FIGHT CARD

Sara El Bakkali v Anisha Kadka (Lightweight, female)
Mohammed Adil Al Debi v Moaz Abdelgawad (Bantamweight)
Amir Boureslan v Mahmoud Zanouny (Welterweight)
Abrorbek Madaminbekov v Mohammed Al Katheeri (Featherweight)
Ibrahem Bilal v Emad Arafa (Super featherweight)
Ahmed Abdolaziz v Imad Essassi (Middleweight)
Milena Martinou v Ilham Bourakkadi (Bantamweight, female)
Noureddine El Agouti v Mohamed Mardi (Welterweight)
Nabil Ouach v Ymad Atrous (Middleweight)
Nouredin Samir v Zainalabid Dadachev (Lightweight)
Marlon Ribeiro v Mehdi Oubahammou (Welterweight)
Brad Stanton v Mohamed El Boukhari (Super welterweight

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.”

$1,000 award for 1,000 days on madrasa portal

Daily cash awards of $1,000 dollars will sweeten the Madrasa e-learning project by tempting more pupils to an education portal to deepen their understanding of math and sciences.

School children are required to watch an educational video each day and answer a question related to it. They then enter into a raffle draw for the $1,000 prize.

“We are targeting everyone who wants to learn. This will be $1,000 for 1,000 days so there will be a winner every day for 1,000 days,” said Sara Al Nuaimi, project manager of the Madrasa e-learning platform that was launched on Tuesday by the Vice President and Ruler of Dubai, to reach Arab pupils from kindergarten to grade 12 with educational videos.  

“The objective of the Madrasa is to become the number one reference for all Arab students in the world. The 5,000 videos we have online is just the beginning, we have big ambitions. Today in the Arab world there are 50 million students. We want to reach everyone who is willing to learn.”

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'The Woman in the House Across the Street from the Girl in the Window'

Director:Michael Lehmann

Stars:Kristen Bell

Rating: 1/5

DUBAI SEVENS 2018 DRAW

Gulf Men’s League
Pool A – Dubai Exiles, Dubai Hurricanes, Bahrain, Dubai Sports City Eagles
Pool B – Jebel Ali Dragons, Abu Dhabi Saracens, Abu Dhabi Harlequins, Al Ain Amblers

Gulf Men’s Open
Pool A – Bahrain Firbolgs, Arabian Knights, Yalla Rugby, Muscat
Pool B – Amman Citadel, APB Dubai Sharks, Jebel Ali Dragons 2, Saudi Rugby
Pool C – Abu Dhabi Harlequins 2, Roberts Construction, Dubai Exiles 2
Pool D – Dubai Tigers, UAE Shaheen, Sharjah Wanderers, Amman Citadel 2

Gulf U19 Boys
Pool A – Deira International School, Dubai Hurricanes, British School Al Khubairat, Jumeirah English Speaking School B
Pool B – Dubai English Speaking College 2, Jumeirah College, Dubai College A, Abu Dhabi Harlequins 2
Pool C – Bahrain Colts, Al Yasmina School, DESC, DC B
Pool D – Al Ain Amblers, Repton Royals, Dubai Exiles, Gems World Academy Dubai
Pool E – JESS A, Abu Dhabi Sharks, Abu Dhabi Harlequins 1, EC

Gulf Women
Pool A – Kuwait Scorpions, Black Ruggers, Dubai Sports City Eagles, Dubai Hurricanes 2
Pool B – Emirates Firebirds, Sharjah Wanderers, RAK Rides, Beirut Aconites
Pool C – Dubai Hurricanes, Emirates Firebirds 2, Abu Dhabi Saracens, Transforma Panthers
Pool D – AUC Wolves, Dubai Hawks, Abu Dhabi Harlequins, Al Ain Amblers

Gulf U19 Girls
Pool A – Dubai Exiles, BSAK, DESC, Al Maha
Pool B – Arabian Knights, Dubai Hurricanes, Al Ain Amblers, Abu Dhabi Harlequins