Mohammed Saif Al Suwaidi is the director general of Abu Dhabi Fund for Development
March 08, 2022
The UAE's golden jubilee last year was an opportunity to reflect on the country's achievements. Yet, those who did so probably would have realised how hard it is to count them numerically, just because there are too many of them. It might be comparatively easy to imagine what makes the UAE what it is today. Although there are still plenty to tax the brain, one critical element that has catalysed our progress is the cultural interconnectivity between generations, as well as between the leadership and citizenry.
The commonality of heritage is often reflected in our beliefs in the natural endorsement and appreciation of each other's actions and ideas, including gender perceptions. If we have achieved plenty in a relatively short time, it's largely because of our ability to uniformly accept and apply in every sphere of life the principles and ideas of our forefathers.
Rewind 50 years, and one wonders how a person from a rather unlikely region could have set women's education and empowerment as a prerequisite to achieving prosperity as a community and nation. The UAE's Founding Father, Sheikh Zayed, believed that to attain a holistic development, we must treat men and women as equal. The fascinating aspect about such ideas is that they were never forced upon people but infused in their psyche, just as a man would do to his child. As a result, these values and ideas are carried over from one generation to another.
A person from a rather unlikely region set women's empowerment as a prerequisite to achieving prosperity
When I look at Abu Dhabi Fund for Development, where women make up for more than 34 per cent of the workforce, I feel proud to have been able to maintain our distinctive legacy and implemented a shared vision and idea. Yet, our organisation is not unique in a country where women have been leading many public and private institutions and scientific research; actively debating issues of public concern, reviewing draft laws and representing their constituents at the Federal National Council; and representing the UAE abroad. In fact, women 50 per cent of the FNC is comprised of women.
However, we never intended to confine ourselves and our ideas within specific geographical boundaries, because our culture prompts us to share with the rest of the world all that we have, whether knowledge or material wealth. Thus, when we launched the renewable energy projects under the $50 million UAE-Caribbean Renewable Energy Fund (UAE-CREF), one of the main goals was to achieve gender equality and ensure women's welfare in the beneficiary countries. Today, the Fund has empowered a significant percentage of female populations through the creation of jobs in different Caribbean nations. It's a work in progress.
Meanwhile, in countries such as Bangladesh and Pakistan, we have financed many small and medium enterprises, creating opportunities for women to work and contribute to their family incomes. Not to mention the many schools we have financed there to educate girls as part of our global socioeconomic development strategy. The value of these initiatives could not have been more conspicuous than it is in current times, when supplementary income is no longer a matter of choice, especially for low- and middle-income families.
Faces of UAE Women Exhibition on Al Ghayath Trail, Expo 2020 Dubai. Karim Bou Gebrayel for Expo 2020 Dubai
As proud as we are of our past, we do not want to rest on our laurels, but take lessons from them to create an even greater future for our country and the rest of the world. This was clear even when we were celebrating 50 years of our achievements with an eye on the future, setting our goals for the next 50 years.
Nevertheless, the path is complex, as opportunities and challenges for women continue to change in tandem with evolving requirements and necessities. Thus, on the one hand, growing areas such as green economies, climate change mitigation and technological advancements provide unprecedented opportunities for decent work for women. On the other hand, women still account for only 20 to 25 per cent of the workforce in the modern renewable energy sector, according to UN data. The existing gaps women face in accessing digital training, economic resources and decision-making, along with other barriers, mean that they are being left out of the fastest-growing industries.
The report further points out that globally there is a 12 per cent gender gap in internet use; in the world’s least developed countries, the gap widens to 31 per cent. But when women can leverage equal opportunities to thrive, they can make substantial contributions to societies and economies. For example, if the pace of women’s digital fluency is doubled, we could reach gender equality in the workplace much faster than the current prediction.
I believe the UAE is a perfect testbed to assess how one’s values and principles can help one to achieve one’s objectives, however lofty they are. I also trust that our ideals and principles will help us to help many countries to overcome barriers to attaining prosperity.
What we need are a clear objective and motivation. As an Emirati representing a national entity, I believe that a clear and honest intent and a positive and open perspective are all that make a difference between success and failure.
5 of the most-popular Airbnb locations in Dubai
Bobby Grudziecki, chief operating officer of Frank Porter, identifies the five most popular areas in Dubai for those looking to make the most out of their properties and the rates owners can secure:
• Dubai Marina
The Marina and Jumeirah Beach Residence are popular locations, says Mr Grudziecki, due to their closeness to the beach, restaurants and hotels.
Frank Porter’s average Airbnb rent:
One bedroom: Dh482 to Dh739
Two bedroom: Dh627 to Dh960
Three bedroom: Dh721 to Dh1,104
• Downtown
Within walking distance of the Dubai Mall, Burj Khalifa and the famous fountains, this location combines business and leisure. “Sure it’s for tourists,” says Mr Grudziecki. “Though Downtown [still caters to business people] because it’s close to Dubai International Financial Centre."
Frank Porter’s average Airbnb rent:
One bedroom: Dh497 to Dh772
Two bedroom: Dh646 to Dh1,003
Three bedroom: Dh743 to Dh1,154
• City Walk
The rising star of the Dubai property market, this area is lined with pristine sidewalks, boutiques and cafes and close to the new entertainment venue Coca Cola Arena. “Downtown and Marina are pretty much the same prices,” Mr Grudziecki says, “but City Walk is higher.”
Frank Porter’s average Airbnb rent:
One bedroom: Dh524 to Dh809
Two bedroom: Dh682 to Dh1,052
Three bedroom: Dh784 to Dh1,210
• Jumeirah Lake Towers
Dubai Marina’s little brother JLT resides on the other side of Sheikh Zayed road but is still close enough to beachside outlets and attractions. The big selling point for Airbnb renters, however, is that “it’s cheaper than Dubai Marina”, Mr Grudziecki says.
Frank Porter’s average Airbnb rent:
One bedroom: Dh422 to Dh629
Two bedroom: Dh549 to Dh818
Three bedroom: Dh631 to Dh941
• Palm Jumeirah
Palm Jumeirah's proximity to luxury resorts is attractive, especially for big families, says Mr Grudziecki, as Airbnb renters can secure competitive rates on one of the world’s most famous tourist destinations.
Frank Porter’s average Airbnb rent:
One bedroom: Dh503 to Dh770
Two bedroom: Dh654 to Dh1,002
Three bedroom: Dh752 to Dh1,152
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
5pm: Maiden (PA) Dh80,000 (Turf) 1,000mm, Winners: Mumayaza, Fabrice Veron (jockey), Eric Lemartinel (trainer)
5.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 2,200m, Winners: Sharkh, Pat Cosgrave, Helal Al Alawi
6pm: The President’s Cup Prep - Conditions (PA) Dh100,000 (T) 2,200m, Winner: Somoud, Richard Mullen, Jean de Roualle
6.30pm: Handicap (PA) Dh90,000 (T) 1,600m, Winner: Harrab, Ryan Curatolo, Jean de Roualle
7pm: Abu Dhabi Equestrian Gold Cup - Prestige (PA) Dh125,000 (T) 1,600m, Winner: Hameem, Adrie de Vries, Abdallah Al Hammadi
7.30pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m, Winner: AF Alwajel, Tadhg O’Shea, Ernst Oertel
8pm: Maiden (TB) Dh80,000 (T) 1,400m, Winner: Nibras Passion, Bernardo Pinheiro, Ismail Mohammed
Strait of Hormuz
Fujairah is a crucial hub for fuel storage and is just outside the Strait of Hormuz, a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.
The strait is 33 km wide at its narrowest point, but the shipping lane is just three km wide in either direction. Almost a fifth of oil consumed across the world passes through the strait.
Iran has repeatedly threatened to close the strait, a move that would risk inviting geopolitical and economic turmoil.
Last month, Iran issued a new warning that it would block the strait, if it was prevented from using the waterway following a US decision to end exemptions from sanctions for major Iranian oil importers.