Two Emirati women said that the little support they received when pursuing their dreams fuelled their determination to succeed in western or male-dominated fields.
Speaking at a session on Women’s Leadership in Sports and Tourism at the Global Summit of Women in Abu Dhabi on Wednesday, Emirati race car driver Amna Al Qubaisi and figure skater Zahra Lari both said that the key to success was to simply never give up.
Both Ms Al Qubaisi and Ms Lari were the first women to make names for themselves in the Middle East in race car driving and figure skating, both showing an interest in their sport from a young age.
Catching the bug early
“I started gymnastics at the age of six or five and then one day in 2009 I saw my dad racing," Ms Al Qubaisi said.
"I was nine years old at that time and he was racing in a GT Three but I was never really interested until he invited a few drivers to the house and they were having conversations about racing.”
It was then the passion was sparked, and she began her career with kart racing, continuing even after a crash that caused those close to her to encourage a career in ballet instead.
“I had to go to the hospital and I had a back sprain and at that moment, my dad looked at me and asked me, do you still want to continue or do you want to stop? I was like, no, I want to continue," she said.
"This is something that I have to continue. I want to show the world that we are strong. It doesn't matter if I crashed or anything — that will not stop me from continuing to prove myself and to pursue my passion. I take every race as my last."
Breaking stereotypes
Ms Al Qubaisi became the first female Arab to participate at the Rotax Max Challenge World Finals in 2017 and the first Arab female to win the UAE RMC Championship.
As she progressed through the motor racing ranks, success followed, including the 2018 Italian F4 Championship with Prema.
Her advice to other women is, “keep persisting — keep pushing past all the noise — what people say about you, what people think about you, as long as you're happy, results will come naturally. So don't look at the time and the years and the age gap of you doing something, just do what makes you happy."
One of the most common challenges that irked Ms Al Qubaisi was constantly coming up against stereotypes, not just about women, but anyone from the region.
“Being from the Middle East, I was representing the region, so people in Europe would say it was because I was a walking bank, or that my father owns an oil company — these were ridiculous assumptions. So I had to prove to them that we [women] are just like any other driver, we fight, and we try to find the sponsor that we deserve to be on the racetrack.”
Challenges on the ice
At her first international skating stint at the European Cup in Canazei, Italy, Ms Lari lost points for skating while wearing her headscarf.
“It wasn’t an easy journey,” she said.
She fell in love with figure skating after watching the Ice Princesses when she was 12 years old, although it was a far more gruelling schedule than she anticipated.
“My mom was bringing me in for ice skating before school. So I was out on the ice at 4.30 in the morning. I was there until seven in the morning, every single day and then I would go to school — after school at about 3pm, I was back on the ice till evening time. And I would repeat that every single day," Ms Lari said.
Not only did she soon become the world’s first figure skater to compete in a hijab, she was also the UAE’s first figure skater to compete in qualification events for the Winter Olympics in 2018, and leading the UAE to become the first Arab state to join the International Skating Union.
"[Training] was very tiring. Sometimes I felt like I wanted to give up, especially during those bad days, but my mom was always there to encourage me, support me, to tell me that it's OK to have bad days. You just have to keep moving forward and keep going on.”
Ms Lari has since championed female representation in sports in the Middle East, and worked to build the women's sporting community regionally. She is also founder and chief executive of Emirates Skating Club.
“So many people in the world will tell you that you cannot do something — just prove them wrong — show them that you can with your actions and never change who you are for anyone,” she said.
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Abandon
Sangeeta Bandyopadhyay
Translated by Arunava Sinha
Tilted Axis Press
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Killing of Qassem Suleimani
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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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.”
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