With the recent appointment of ambassador Lana Nusseibeh as president of the United Nations executive board and in observance of the upcoming Mother of the Nation Festival, we should recall and celebrate the UAE’s long-standing position towards women’s empowerment.
The UAE has been dedicated to the advancement of gender equality. Its constitution guarantees impartiality between men and women as a fundamental right.
Sheikh Zayed, the founding President of the UAE, established solid foundations for women’s rights and Sheikha Fatima bint Mubarak, the Mother of the Nation, took her late husband’s vision forward in support of women’s empowerment.
Sheikha Fatima pushed for universal education and as a result literacy rates have risen to historic levels. It is due to her persistent championing of women’s rights in education, as well as her values, wisdom and extensive list of contributions and philanthropic efforts, that she continues to be honoured with the Mother of the Nation Festival, which will be held for the second time at Abu Dhabi Corniche from March 26 to April 4.
More women than men complete their secondary education and go on to enrol at universities. Women’s literacy has reached 91 per cent, with data showing that Emirati women account for 71.6 per cent of “students in government tertiary-level institutions” and 50.1 per cent of “students in private higher education”.
Education and literacy are just the beginning, with the UAE serving as a regional pioneer and global leader with regards to the establishment of several programmes and policy initiatives to further the advancement of women, who hold a significant level of representation in not only parliament but the public and private sectors as well.
There are eight women in the Cabinet, including Shamma Al Mazrui, who is the Minister of State for Youth Affairs. Emirati women make up 20 per cent of the diplomatic corps, work as ambassadors to several countries and have served as judges, public prosecutors, marriage officials and heads of some of the most prominent councils and governing bodies both domestically and globally.
In 2006, Dr Amal Al Qubaisi became the first elected woman to the Federal National Council.
Five years later, she was appointed deputy speaker and in November 2015 she became president.
Sheikha Lubna Al Qasimi, the Minister of State for Tolerance is recognised as one of the 100 most powerful women in the world by Forbes magazine.
Before her appointment as president of the UN executive board, Lana Nusseibeh became the fifth woman in the nation to serve as an ambassador and the first permanent representative to the UN.
Through an abundance of policies, initiatives and programmes, the UAE has been able to successfully advance women’s leadership.
In 2004, the UAE became a signatory to the UN Convention on the Elimination of All Forms of Discrimination Against Women and has supported all international treaties related to women’s rights.
In 2008 the Dubai Women Establishment was founded to support women’s empowerment in the workplace and develop “an environment that fosters innovation”.
The UAE announced the establishment of the Gender Balance Council in 2015 to increase women’s leadership positions and recently hosted a two-day event to implement the UN 2030 Agenda for Sustainable Development for the purpose of “economic outcomes” for women.
Last October, a UN Women Liaison Office was opened in Abu Dhabi. It is the first in the Gulf. The office aims to “accelerate efforts to achieve gender equality and women’s empowerment around the world," and to “showcase the UAE’s successful model as a nation to other countries."
The United Nations Development Programme 2007 status report on Millennium Development Goals recognised the UAE for its efforts to promote women’s empowerment.
According to the 2014 World Economic Forum’s Global Gender Gap report, the UAE ranked second in the Gulf for overall performance, and in the top two-thirds for education. It ranks sixth in terms of literacy and 7th globally with regards to wage equality. It also noted the nation for having the “highest percentage change relative to its own 2006 score on the Political Empowerment subindex”.
With the recent advancements and recognition of prominent Emirati women in global leadership positions and the implementation of groundbreaking initiatives for gender equality, we find the UAE to be ahead of the curve. The nation has long fought for women’s rights and continues to strive for achievement and excellence in this area.
When discussing the nation’s future recently, Ms Nusseibeh predicted 2017 would be a notable one due to the adoption of innovative strategic plans and budgets regarding initiatives for women.
The projection looks bright as the UAE continues to pave the path towards global gender equality.
Hend Al Otaiba is the director of strategic communications for Abu Dhabi Media
Name: Brendalle Belaza
From: Crossing Rubber, Philippines
Arrived in the UAE: 2007
Favourite place in Abu Dhabi: NYUAD campus
Favourite photography style: Street photography
Favourite book: Harry Potter
If you go
Where to stay: Courtyard by Marriott Titusville Kennedy Space Centre has unparalleled views of the Indian River. Alligators can be spotted from hotel room balconies, as can several rocket launch sites. The hotel also boasts cool space-themed decor.
When to go: Florida is best experienced during the winter months, from November to May, before the humidity kicks in.
How to get there: Emirates currently flies from Dubai to Orlando five times a week.
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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.”
Company%20Profile
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Fifa Club World Cup quarter-final
Kashima Antlers 3 (Nagaki 49’, Serginho 69’, Abe 84’)
Guadalajara 2 (Zaldivar 03’, Pulido 90')
Company%20Profile
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CREW
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Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
PROFILE OF CURE.FIT
Started: July 2016
Founders: Mukesh Bansal and Ankit Nagori
Based: Bangalore, India
Sector: Health & wellness
Size: 500 employees
Investment: $250 million
Investors: Accel, Oaktree Capital (US); Chiratae Ventures, Epiq Capital, Innoven Capital, Kalaari Capital, Kotak Mahindra Bank, Piramal Group’s Anand Piramal, Pratithi Investment Trust, Ratan Tata (India); and Unilever Ventures (Unilever’s global venture capital arm)
COMPANY%20PROFILE
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Electoral College Victory
Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
Kanguva
Director: Siva
Stars: Suriya, Bobby Deol, Disha Patani, Yogi Babu, Redin Kingsley
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
TO A LAND UNKNOWN
Director: Mahdi Fleifel
Starring: Mahmoud Bakri, Aram Sabbah, Mohammad Alsurafa
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
THE SPECS
Engine: 2.0-litre 4-cylinder turbo
Power: 275hp at 6,600rpm
Torque: 353Nm from 1,450-4,700rpm
Transmission: 8-speed dual-clutch auto
Top speed: 250kph
Fuel consumption: 6.8L/100km
On sale: Now
Price: Dh146,999
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
THE SPECS
Engine: six-litre W12 twin-turbo
Transmission: eight-speed dual clutch auto
Power: 626bhp
Torque: 900Nm
Price: Dh940,160 (plus VAT)
On sale: Q1 2020
Ovo's tips to find extra heat
- Open your curtains when it’s sunny
- Keep your oven open after cooking
- Have a cuddle with pets and loved ones to help stay cosy
- Eat ginger but avoid chilli as it makes you sweat
- Put on extra layers
- Do a few star jumps
- Avoid alcohol
How to donate
Send “thenational” to the following numbers or call the hotline on: 0502955999
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The specs
Engine: Dual 180kW and 300kW front and rear motors
Power: 480kW
Torque: 850Nm
Transmission: Single-speed automatic
Price: From Dh359,900 ($98,000)
On sale: Now
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now