A few days ago, my daughter, who is seven years old, had a playdate with another friend of hers.
At one point during their playdate, they decided to play the “grown up” game. My little one excitedly hurried into her room and changed into a dress, a cropped white jacket and dressy shoes.
She came back and announced to her friend that she had an important work meeting to attend to. As I watched her, I realised that she was, to a large extent, copying me.
A part of me was glad that the necessity of engaging in meaningful work was the first thing that came to her mind as she projected a grown-up version of her future self.
Yet another part of me was extremely aware of the challenges yet to come, most notably the barrage of mass media messages conditioning our young girls to fit into certain moulds.
The effects of mass media on young people’s sense of self is not a new topic, neither is the still-prevailing tendency of mass media in continuing to marginalise women’s voices and reproduce discriminatory stereotypes about women.
Still, it is a topic that needs serious contemplation and serious commitment to change. Globally, and despite growing discourse and media campaigns on changing the narrative when it comes to women images and perceived roles, the situation is still dire.
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Read more from Rana Askoul:
We need to bring the work of Arab female scholars to the fore
The road to workplace gender equality is long
Where are all the Arab women leaders?
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A 2016 digital media study that examined 2.35 million news articles from more than 950 news outlets over a period of six months concluded that the media is still very much male-dominated.
The study revealed an overall probability of 77 per cent that an entity mentioned in the text was male and that nearly 70 per cent of the time, the image used was male.
Furthermore, when women did feature in articles, they were more likely to be represented visually.
With the lack of similar extensive studies in the region, it is hard to build a precise picture of what our young men and women in the region are exposed to.
The Arab Women Development Report a few years ago reported that nearly 79 per cent of Arab women images in Arab media were negative.
These negative images included portrayal of women as sexual commodities or as being immoral, illiterate, inexperienced, materialistic, weak or dependent.
The problem with the infiltration of such stereotypes does not end with what is produced and circulated.
It extends to include both the under-representation of women as news producers and decision-makers in media outlets and the lack of gender sensitive training and policies to raise awareness on the wide implications of what prevails.
The global report on the status of women in the news media confirms that 73 per cent of top management jobs in news media outlets globally are still occupied by men, with two-thirds of reporting jobs also belonging to men.
In some Mena countries, men outnumber women in these professions by a five-to-one ratio and women in senior roles represent a mere 12 per cent.
I still hold hope however for my daughter to grow up in a more egalitarian society and one that does not place her in a pre-determined category because of her gender.
This hope comes from the shifting media landscape and the unprecedented avenues of expression opening up to women from our region.
In this new media age where anyone and everyone can become media producers, it becomes crucial for individuals and institutions to work on lifting our society from the shackles of inequality and the grip of destructive stereotypes.
Can you imagine a future where our sons and daughters are able to cultivate their unique sense of self and work together to better their immediate communities and our bigger world?
Rana Askoul is a Middle East based writer and gender equality expert
Director: Laxman Utekar
Cast: Vicky Kaushal, Akshaye Khanna, Diana Penty, Vineet Kumar Singh, Rashmika Mandanna
Rating: 1/5
FIRST TEST SCORES
England 458
South Africa 361 & 119 (36.4 overs)
England won by 211 runs and lead series 1-0
Player of the match: Moeen Ali (England)
Company profile
Name: Dukkantek
Started: January 2021
Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani
Based: UAE
Number of employees: 140
Sector: B2B Vertical SaaS(software as a service)
Investment: $5.2 million
Funding stage: Seed round
Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office
The%20specs%3A%20Taycan%20Turbo%20GT
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CONFIRMED%20LINE-UP
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Biog:
Age: 34
Favourite superhero: Batman
Favourite sport: anything extreme
Favourite person: Muhammad Ali
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
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.”
The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
The%20US%20Congress%20explained
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Our family matters legal consultant
Name: Dr Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
MATCH INFO
Uefa Champions League semi-final, first leg
Bayern Munich 1
Kimmich (27')
Real Madrid 2
Marcelo (43'), Asensio (56')
The biog
Favourite films: Casablanca and Lawrence of Arabia
Favourite books: Start with Why by Simon Sinek and Good to be Great by Jim Collins
Favourite dish: Grilled fish
Inspiration: Sheikh Zayed's visionary leadership taught me to embrace new challenges.
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Company%20profile
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Scoreline:
Barcelona 2
Suarez 85', Messi 86'
Atletico Madrid 0
Red card: Diego Costa 28' (Atletico)
The Sand Castle
Director: Matty Brown
Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea
Rating: 2.5/5
Getting%20there%20and%20where%20to%20stay
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SPEC%20SHEET%3A%20APPLE%20IPHONE%2014%20PRO%20MAX
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