Dr Sara Chehab is a senior research fellow at the Anwar Gargash Diplomatic Academy
March 08, 2022
As nations around the globe celebrate International Women's Day today, we honour women who have made an impact across all fields, including diplomacy. We are reminded that the number of countries that have female leaders, ambassadors and diplomats at the forefront of decision-making, continues to flourish – reaffirming the expanding roles of women – from East to West.
Milestones have certainly been reached and should be applauded. A gender diversity gap is narrowing and that should be celebrated.
Globally, however, the percentage of women in power remains short. Despite advancements, diplomats continue to overwhelmingly be men – an imbalance that speaks to a persistent diversity and equality challenge.
The importance of gender balance in the workforce has long been on the agenda of organisations in most countries, but diplomacy continues to lag behind many sectors in this regard. This is despite most foreign services recruiting an ever-larger number of female candidates at entry-level positions.
For the third year running, the Women in Diplomacy Index, launched by the Anwar Gargash Diplomatic Academy in 2018, maps the percentage of women ambassadors representing the countries of the 40 largest economies in the world, including the EU. The study focuses on ambassadorships, in order to gauge the degree to which women assume some of the most prominent diplomatic positions.
UAE UN Ambassador Lana Nusseibeh. AP
Our 2022 report reveals that, despite progress, women continue to grapple with institutional barriers and gender biases and thus remain underrepresented in ambassadorial positions. The numbers speak for themselves: out of 4,293 ambassadors in our dataset, just 927 are women – a 21.6 per cent representation for the year.
This percentage varies by region, of course. In the Nordic states sampled – Denmark, Norway and Sweden – women make up 40.8 per cent of the top positions, putting that part of the world at the top of our ranking. North America – the US, Canada and Mexico – averages 35.7 per cent and South America – Brazil, Argentina and Colombia – 18.8 per cent. In the EU, it is 23.5 per cent, while Europe as a whole reaches a 29 per cent share.
Asia, excluding the Arab world, averages 13.7 per cent, while Arab states stand at 7.4 percent, with the UAE scoring the highest share at 10.9 per cent.
That diplomatic leadership roles still heavily skew towards males is, perhaps, best illustrated by the fact that top ambassadorial positions are still held by men. Taking the G7 as a proxy for what could be considered a "top post" given these countries' political and economic clout, our study of 40 countries and the EU found that only 60 women ambassadors are posted in all seven countries, with a total of 22 women ambassadors being posted in Canada and the US alone in 2022.
That doesn’t mean we aren’t making progress.
As conflict rages around the world, women need more representation on the global stage. Getty
Since our Index was launched, the majority of countries have appointed a larger number of women to top positions in 2022. The average percentage share of women ambassadors increased marginally over the past year, from 20.7 per cent in 2021 to 21.6 per cent today. A more significant leap has occurred over the past four years, however, with the G20 and EU countries seeing their percentage share increase from 17.1 per cent in 2018 to 20.4 per cent in 2022. Somewhat of a progress. But still, more can – and should – be done.
Some countries are leading the charge. Canada and Sweden, for instance, have appointed the highest share of women ambassadors and permanent representatives in 2022, with 50 per cent of both countries' ambassadorial posts being held by women.
In diplomacy and beyond, female advancement offers pathways to peace. The UAE, for example, is a country where women have long assumed senior political roles. It is ranked as a leading country in gender equality in the region, according to the World Economic Forum's 2021 Global Gender Gap Report.
In 2015, the country established the Gender Balance Council, tasked with increasing the role of women across all positions in government. At least half of the Federal National Council – the legislative body where federal laws have to first pass for review and recommendation – is now comprised of women. One should also mention that the FNC's president from 2015 to 2019 was a woman and a prominent member in the government, Dr Amal Al Qubaisi – the region's first female leader of a national assembly.
In diplomacy, an ever-increasing number of Emirati female trailblazers hold ambassadorial roles in countries including Denmark, Germany, Latvia, France and Poland, while the Assistant Minister for Political Affairs at the UAE Ministry of Foreign Affairs and International Co-operation, Lana Nusseibeh, is both an ambassador and permanent representative of the UAE to the UN in New York. Together, they are putting the biggest crack in the diplomatic glass ceiling.
But while advancements around the world need to be recognised and celebrated in this regard, the numbers listed above show that the international community is still a long way away from achieving gender parity. To make this happen, women need to be trusted to make the tough decisions, to forward progress, enforce change and make the hard judgment calls that have been historically reserved for men.
As we take stock of the progress that’s been made in recent years, it is incumbent upon us to remind ourselves that the world as a whole is not done shaping the history of diplomacy.
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.”
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
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Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)