Ana Marasigan is celebrating International Women's Day with other women at 'Gabriela', a Filipino women's rights group. Satish Kumar / The National
Ana Marasigan is celebrating International Women's Day with other women at 'Gabriela', a Filipino women's rights group. Satish Kumar / The National
Ana Marasigan is celebrating International Women's Day with other women at 'Gabriela', a Filipino women's rights group. Satish Kumar / The National
Ana Marasigan is celebrating International Women's Day with other women at 'Gabriela', a Filipino women's rights group. Satish Kumar / The National

Women's Day: Thanking those who do thankless tasks in the UAE


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ABU DHABI // Today is a celebration of women's achievements but some have chosen to honour others' contributions.
Labor of Love UAE has partnered with ETA Ascon's welfare department to celebrate International Women's Day with the workers at MBM, a facilities management company. The majority are cleaning staff who are from Sri Lanka, Nepal, Bangladesh and the Philippines.
"Their continued service to us and contribution to their families and communities back home should not go unnoticed," said Angel Wesley, an American lawyer for a private company in Abu Dhabi who runs the charity.
"We all owe our gratitude to them for the thankless jobs they do, which make our lives easier and better in a lot of ways."
Like their male counterparts, the women have given up the comforts of family and a familiar culture to move away from their homes to a new country, she said.
Year-round, the charity gives female workers a break by planning activities to enrich their lives and enjoy time with others.
International Women's Day reminds women of their right to the freedoms and opportunities that allow them to pursue their ambitions, said Rita Mayer, founder of Libraries for Labor Camps.
"For the ladies in our labour camps, we commemorate this day with them to show them our support and encouragement that they may achieve these goals," she said.
"Showing our labourers appreciation helps give them validation and affirmation of their value in our society. Gratitude is a great way to impart dignity to those who are doing work that at times may feel undignified."
Babs Klijn, founder of Feel Great Helping, an informal network of volunteers that helps charities, shares the same view.
"International Women's Day provides a chance to celebrate hard-working women, whose strength and love for their families back home drives them to work in a foreign country, often away from their own children," she said.
Feel Great Helping ran one of the games organised by Labor of Love UAE at the West Coast ladies' camp in Mussafah last Friday.
"My desire to give back to this wonderful community that led me to get involved in volunteering and helping those who are less fortunate than me," said Ms Klijn, an Abu Dhabi resident for two years.
The non-profit Abu Dhabi Cause Connect is celebrating International Women's Day with a Pink Pilates class to honour breast cancer survivors in the UAE.
"It's very important to encourage and empower women to be strong, healthy, energised, and inspiring to be the leaders in the world," said Taghrid Khoury, a breast cancer survivor and a Pink Pilates instructor.
She offers free Pilates classes twice a month to breast cancer patients and survivors at her home studio.
"We celebrate and honour the inspirational women who have shown great strength and commitment raising nationwide awareness about breast cancer," said Mame Diop, a co-founder of the charity.
Members of the UAE branch of Gabriela, a Filipino women's rights group, are celebrating International Women's Day for the second year in Dubai.
About half of the 58 members are housemaids. To mark the occasion, there will be discussions to help women realise their worth and role in society, the various forms of violence against women and ways to prevent them.
"We'd like to let our women, particularly the domestic helpers, feel they're important," said Ana Marasigan, a member of the group. "They also need to know their rights as women and as migrant workers."
The group provides counselling, mostly to housemaids, who have suffered physical, psychological and sexual abuse in the hands of their employers. It also runs sessions for housemaids and office workers about violence against women.
rruiz@thenational.ae

MATCH INFO

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Raheem Sterling 35', 49'

Ferran Torres 65'

 

 

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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.”

THE SIXTH SENSE

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Rating: 5/5

UAE currency: the story behind the money in your pockets
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What are the influencer academy modules?
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'Gehraiyaan'
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Stars:Deepika Padukone, Siddhant Chaturvedi, Ananya Panday, Dhairya Karwa

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