Hillary Clinton speaking during the New York State Democratic Convention in New York last month. AP
Hillary Clinton speaking during the New York State Democratic Convention in New York last month. AP
Hillary Clinton speaking during the New York State Democratic Convention in New York last month. AP
Hillary Clinton speaking during the New York State Democratic Convention in New York last month. AP

Hillary Clinton calls for more openness to women in politics on International Women's Day


Kelly Clarke
  • English
  • Arabic

On International Women’s Day, Hillary Clinton has urged more women to take a leap into politics to help champion women’s progress around the world.

The former US secretary of state said a higher representation of women in parliaments globally is essential for a properly functioning democracy.

Speaking at the Forbes 30/50 Summit in Abu Dhabi, Ms Clinton was asked if she would run for president again.

I'm excited because there's a whole new generation of women who are demonstrating that they're determined to make the most of their own lives, to make contributions to others, to make a difference
Hillary Clinton,
politician

“No,” she answered.

“But I'm certainly going to be active in supporting women running for office.

“I'm excited because there's a whole new generation of women who are demonstrating that they're determined to make the most of their own lives, to make contributions to others, to make a difference.

“The most important skills [for women in politics] is a combination of hard work and preparation but also openness and emotional intelligence. That’s what I think we need to be reminded of on this International Women’s Day.”

As an advocate for women’s rights, Ms Clinton said a lot has been done globally to advance economic and educational opportunities for women and put an end to health inequities in some countries, but there is still a lot more work to do.

She said there needs to be “more openness to women” in politics at all levels, and urged those with an interest in international affairs to explore a career within the sector.

“If there are opportunities to work in government, which gives you a different perspective to learn more about policies that you might be interested in promoting in government or in politics itself, [do it],” she said.

“There's no real substitute for learning how the political system works. Ask those who are in positions of influence and power for the chance to participate to be part of that system.

“Don't be afraid to take a risk. Even though you have started something that you think may be your path, that doesn't mean it always will be your path.”

Ms Clinton said governments need to continue to pay close attention to creating more support for women at work and urged her peers to always fight against misogyny.

“You know, it's not really something that we're ever going to get totally rid of, because it's part of human nature, but we have to keep pushing back on it,” she said.

“If you see another woman being talked about or dismissed or undermined, stand up for that other woman too, because part of what we have to do is make it clear that women are not a monolith by any means, but sexism treats us like we are, and we are not going to tolerate it for ourselves or for anybody else.”

In her 1995 speech for the United Nations Conference on Women in Beijing, Ms Clinton, aged 47, declared: “Human rights are women’s rights and women’s rights are human rights”. Those words defined much of her political agenda in the years that followed.

And on Tuesday, as she accepted the Forbes International Women’s Day Lifetime Achievement Award, she vowed to continue to stay active in debates that champion the rights of women and said she hopes more progress will be made towards global gender equity.

International Women's Day — in pictures

  • People take part in a Million Women Rise march outside Charing Cross Police Station in central London, before International Women's Day, to protest over violence against women, racism and misogyny. PA
    People take part in a Million Women Rise march outside Charing Cross Police Station in central London, before International Women's Day, to protest over violence against women, racism and misogyny. PA
  • A staff member applies coloured powder to a rangoli (traditional floor decoration) outside a restaurant in New Delhi. AFP
    A staff member applies coloured powder to a rangoli (traditional floor decoration) outside a restaurant in New Delhi. AFP
  • Protesters during a march to mark International Women's Day in Manila, Philippines. The protesters urged warring nations to look into problems caused globally by the latest Russia-Ukraine war. EPA
    Protesters during a march to mark International Women's Day in Manila, Philippines. The protesters urged warring nations to look into problems caused globally by the latest Russia-Ukraine war. EPA
  • Ultra-Orthodox Jewish women wear masks during a rally to denounce sexual harassment in the Haredi community in Israel, in the ultra-Orthodox district of Ramat Shlomo near Jerusalem. EPA
    Ultra-Orthodox Jewish women wear masks during a rally to denounce sexual harassment in the Haredi community in Israel, in the ultra-Orthodox district of Ramat Shlomo near Jerusalem. EPA
  • Members of the conservative activist group Manif pour Tous, or "Protest for Everyone", stage a demonstration against surrogacy near the Eiffel Tower in Paris. AFP
    Members of the conservative activist group Manif pour Tous, or "Protest for Everyone", stage a demonstration against surrogacy near the Eiffel Tower in Paris. AFP
  • Women attend a rally marking the International Women's Day in Istanbul, Turkey. According to the 'We'll Stop Femicide' social platform, 417 women were killed through gender-based violence and hundreds were assaulted by men in 2021, in Turkey. EPA
    Women attend a rally marking the International Women's Day in Istanbul, Turkey. According to the 'We'll Stop Femicide' social platform, 417 women were killed through gender-based violence and hundreds were assaulted by men in 2021, in Turkey. EPA
  • Activists set up a work of art made from red fabric, titled 'Blood of My Blood', made to bring attention to the killing of women, in the main square of Zapopan, Mexico. EPA
    Activists set up a work of art made from red fabric, titled 'Blood of My Blood', made to bring attention to the killing of women, in the main square of Zapopan, Mexico. EPA
  • Colombian TV journalist Catalina Gomez, working for France 24, comforts and checks the welfare of a female refugee who has just arrived by train from Ukraine in Zahony, Hungary. Getty Images
    Colombian TV journalist Catalina Gomez, working for France 24, comforts and checks the welfare of a female refugee who has just arrived by train from Ukraine in Zahony, Hungary. Getty Images
  • An activist performs the Chilean feminist protest anthem 'Un violador en tu camino', meaning 'A rapist in your path', in Santiago, Chile. Reuters
    An activist performs the Chilean feminist protest anthem 'Un violador en tu camino', meaning 'A rapist in your path', in Santiago, Chile. Reuters
  • An Acehnese woman works in a swamp area as oyster hunter in Banda Aceh, Indonesia. The UN has made 'gender equality today for a sustainable tomorrow' the main theme for International Women's Day 2022 to recognise women and girls who are playing a leading role in the fight against climate change and to honour their contributions to a sustainable future. EPA
    An Acehnese woman works in a swamp area as oyster hunter in Banda Aceh, Indonesia. The UN has made 'gender equality today for a sustainable tomorrow' the main theme for International Women's Day 2022 to recognise women and girls who are playing a leading role in the fight against climate change and to honour their contributions to a sustainable future. EPA
  • A female mechanic teaches students about car engines, as part of the Underprivileged Children's Educational Programmes, on the outskirts of Kathmandu, Nepal. AFP
    A female mechanic teaches students about car engines, as part of the Underprivileged Children's Educational Programmes, on the outskirts of Kathmandu, Nepal. AFP
  • Commuters in a suburban train take part in a yoga session held to mark the International Women's Day in Mumbai, India. AP Photo
    Commuters in a suburban train take part in a yoga session held to mark the International Women's Day in Mumbai, India. AP Photo

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.”

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Company profile

Name: Tratok Portal

Founded: 2017

Based: UAE

Sector: Travel & tourism

Size: 36 employees

Funding: Privately funded

Updated: March 09, 2022, 10:55 AM