Abu Dhabi will host a global summit from 2022 to 2024 celebrating the achievements of women. Khushnum Bhandari/ The National
Abu Dhabi will host a global summit from 2022 to 2024 celebrating the achievements of women. Khushnum Bhandari/ The National
Abu Dhabi will host a global summit from 2022 to 2024 celebrating the achievements of women. Khushnum Bhandari/ The National
Abu Dhabi will host a global summit from 2022 to 2024 celebrating the achievements of women. Khushnum Bhandari/ The National

Abu Dhabi to host Forbes event celebrating female leaders


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Abu Dhabi is to be host a trilogy of global gatherings celebrating the achievements of generations of female leaders.

The Forbes 30/50 Summit - bringing together top achievers from the magazine's 30 Under 30 and 50 Over 50 lists - will be staged in the capital for three years, starting on March 8, 2022, which is International Women's Day. A venue was not confirmed.

The announcement was made during a special 50 Over 50 celebration featuring a keynote conversation U.S. First Lady Jill Biden and Mika Brzezinski, who has supported efforts to empower women through her Know Your Value movement.

Ms Brzezinski will chair the new event in the UAE.

The summit aims to provide a high-profile platform to establish cross-generational mentorship opportunities which will offer leadership, guidance, and insights to women at every stage of their career.

Activities held as part of the conference will include a day of service at Zayed University and programmes at Louvre Abu Dhabi.

On International Women’s Day itself, hundreds of summit participants will reveal their most important lessons, which will then be shared on the Forbes platforms.

  • To mark International Women's Day, this is a series of photos depicting women performing roles or working in professions more traditionally held by men. In this picture, Ana Sousa, 45, TAP Air Portugal pilot for 11 years, poses for a portrait at a TAP hangar in Lisbon. Patricia De Melo Moreira / AFP Photo
    To mark International Women's Day, this is a series of photos depicting women performing roles or working in professions more traditionally held by men. In this picture, Ana Sousa, 45, TAP Air Portugal pilot for 11 years, poses for a portrait at a TAP hangar in Lisbon. Patricia De Melo Moreira / AFP Photo
  • Nicol Gomez, a guardian at the La Esperanza prison, poses for a portrait in front a group of prisoners practising yoga in San Salvador. Marvin Recinos / AFP Photo
    Nicol Gomez, a guardian at the La Esperanza prison, poses for a portrait in front a group of prisoners practising yoga in San Salvador. Marvin Recinos / AFP Photo
  • South Sudanese cattle herder Mary Amer poses with her child in a camp in Mingkaman, South Sudan. Stefanie Glinski / AFP Photo
    South Sudanese cattle herder Mary Amer poses with her child in a camp in Mingkaman, South Sudan. Stefanie Glinski / AFP Photo
  • Argentine referee Estela Alvarez de Olivera poses at the Boca Juniors football team stadium "La Bombonera", in Buenos Aires. Juan Mabromata / AFP Photo
    Argentine referee Estela Alvarez de Olivera poses at the Boca Juniors football team stadium "La Bombonera", in Buenos Aires. Juan Mabromata / AFP Photo
  • New South Wales state emergency services (SES) volunteer Michelle Whye posing in uniform in front of an emergency vehicle at their headquarters in Sydney. Peter Parks / AFP Photo
    New South Wales state emergency services (SES) volunteer Michelle Whye posing in uniform in front of an emergency vehicle at their headquarters in Sydney. Peter Parks / AFP Photo
  • Ran Namise, a firefighter belonging to a command squad in Tokyo, poses in front of a fire engine at Kojimachi Fire Station. Kazuhiro Nogi / AFP Photo
    Ran Namise, a firefighter belonging to a command squad in Tokyo, poses in front of a fire engine at Kojimachi Fire Station. Kazuhiro Nogi / AFP Photo
  • Somali football coach and player Marwa Mauled Abdi, 24, poses at the football ground of Ubah fitness center, the first football field exclusively opened for women, in Hargeisa, the capital of Somaliland, northwestern Somalia Mustafa Saeed / AFP Photo
    Somali football coach and player Marwa Mauled Abdi, 24, poses at the football ground of Ubah fitness center, the first football field exclusively opened for women, in Hargeisa, the capital of Somaliland, northwestern Somalia Mustafa Saeed / AFP Photo
  • Sarah Achieng, a professional boxer and sports administrator poses after her training session at Kariobangi social hall gym in Nairobi. Patricia Esteve / AFP Photo
    Sarah Achieng, a professional boxer and sports administrator poses after her training session at Kariobangi social hall gym in Nairobi. Patricia Esteve / AFP Photo
  • French rejoneadora Lea Vincens, poses at the Aracena bullring, in Huelva, southern Spain. Cristina Quicler / AFP Photo
    French rejoneadora Lea Vincens, poses at the Aracena bullring, in Huelva, southern Spain. Cristina Quicler / AFP Photo
  • Zahida, a Pakistani female police Assistance Sub-Inspector (ASI), poses for a photograph at a police academy in Peshawar. Abdul Majeed / AFP Photo
    Zahida, a Pakistani female police Assistance Sub-Inspector (ASI), poses for a photograph at a police academy in Peshawar. Abdul Majeed / AFP Photo

Forbes launched the 30 Under 30 list in 2011 to showcase the most influential young leaders around the world, with 50 over 50, highlighting those making their mark after the age of 50, following a decade later.

“Over the years, Forbes created a global community with thousands of innovators, game-changers and rule-breakers around the world through its 30 Under 30 list,” said Mika Brzezinski, who is also co-host of MSNBC's Morning Joe programme in the US.

“This year, in partnership together, we introduced 50 Over 50 to shine a bright light on the women who are rewriting the rules for success and shattering the prevailing misconceptions about age and gender in the workforce.

"By merging the two communities, we’re in a unique position to activate a worldwide, multigenerational community of leaders who can bring about meaningful change that benefits women everywhere.”

Randall Lane, chief content editor at Forbes, said the event will provide a fitting celebration of International Women's Day.

“For so long, International Women’s Day was celebrated virtually and through a hashtag, but now we’re giving a true home where conversations can drive change,” said Mr Lane.

“This is the first time that International Women’s Day will have a physical headquarters where women leaders can build something together and pay it forward to future generations. And we’re doing it in a way that allows insights to be shared with women around the world.”

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World Cup qualifier

Thailand 2 (Dangda 26', Panya 51')

UAE 1 (Mabkhout 45 2')

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

In-demand jobs and monthly salaries
  • Technology expert in robotics and automation: Dh20,000 to Dh40,000 
  • Energy engineer: Dh25,000 to Dh30,000 
  • Production engineer: Dh30,000 to Dh40,000 
  • Data-driven supply chain management professional: Dh30,000 to Dh50,000 
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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.”

PREMIER LEAGUE FIXTURES

All times UAE ( 4 GMT)

Saturday
West Ham United v Tottenham Hotspur (3.30pm)
Burnley v Huddersfield Town (7pm)
Everton v Bournemouth (7pm)
Manchester City v Crystal Palace (7pm)
Southampton v Manchester United (7pm)
Stoke City v Chelsea (7pm)
Swansea City v Watford (7pm)
Leicester City v Liverpool (8.30pm)

Sunday
Brighton and Hove Albion v Newcastle United (7pm)

Monday
Arsenal v West Bromwich Albion (11pm)

Dr Afridi's warning signs of digital addiction

Spending an excessive amount of time on the phone.

Neglecting personal, social, or academic responsibilities.

Losing interest in other activities or hobbies that were once enjoyed.

Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.

Experiencing sleep disturbances or changes in sleep patterns.

What are the guidelines?

Under 18 months: Avoid screen time altogether, except for video chatting with family.

Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.

Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.

Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.

Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.

Source: American Paediatric Association
Updated: December 16, 2021, 5:47 PM