• Pardis Sabeti, Iran, computer geneticist. Getty Images
    Pardis Sabeti, Iran, computer geneticist. Getty Images
  • Laleh Osmani, Afghanistan, activist. Shutterstock
    Laleh Osmani, Afghanistan, activist. Shutterstock
  • Somaya Faruqi (left), Afghanistan, robotics team leader. Courtesy Roya Mahboob
    Somaya Faruqi (left), Afghanistan, robotics team leader. Courtesy Roya Mahboob
  • Houda Abouz, Morocco, rapper. Reuters
    Houda Abouz, Morocco, rapper. Reuters
  • Sarah Al-Amiri, UAE, Minister for Advanced Technology. Victor Besa / The National
    Sarah Al-Amiri, UAE, Minister for Advanced Technology. Victor Besa / The National
  • Nisreen Alwan, Iraq, public health expert. Courtesy University of Southampton
    Nisreen Alwan, Iraq, public health expert. Courtesy University of Southampton
  • Waad al-Kateab, Syria, filmmaker. Getty Images
    Waad al-Kateab, Syria, filmmaker. Getty Images
  • Hayat Mirshad, Lebanon, activist. Courtesy Hayat Mirshad
    Hayat Mirshad, Lebanon, activist. Courtesy Hayat Mirshad
  • Nasrin Sotoudeh, Iran, human rights activist. AFP
    Nasrin Sotoudeh, Iran, human rights activist. AFP

Middle Eastern women feature on the BBC’s most influential list


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Women from the Middle East and North Africa feature prominently on the BBC’s list of the 100 most influential women of 2020.

Among the women from the region celebrated for “leading change and making a difference” are British-Iraqi public health expert Dr Nisreen Alwan and Lebanese human rights activist Hayat Mirshad.

The head of the UAE's space programme, Sarah Al Amiri, is also on the list. You can read about her career and the programme here.

The BBC said the list was compiled with a focus on female scientists and healthcare workers who led the way during the coronavirus pandemic.

The broadcaster said the work of Dr Alwan, a public health consultant at the University of Southampton, was vital to understanding the effects of “long Covid”.

People with long Covid report ongoing symptoms such as fatigue, headache and shortness of breath after their bodies appear to have cleared the virus.

Dr Alwan said appearing on the list was a “huge honour”.

She spoke of how she approached a challenging year: “During 2020, I did three things more: speak my mind; do what I fear; and forgive myself. I also did three things less: care what others think of me; blame myself; and believe I’m less than others.”

The broadcaster also praised Ms Mirshad for being “unapologetic and uncompromising” in helping young women.

Lebanese activist Hayat Mirshad.
Lebanese activist Hayat Mirshad.

Ms Mirshad is the founder of feminist group Fe-Male, which aims to “eliminate injustice” by “campaigning together against discriminatory norms and policies”.

“Hayat’s mission is to ensure girls and women have access to justice, information, protection and human rights,” the BBC said.

“She continues to spread her message through various platforms by organising nationwide marches, and rallying the masses to challenge corrupt, patriarchal regimes and demand change.”

Two Syrian women made the list – the filmmaker Waad Al Kateab and plant virologist Safaa Kuman.

Others include the Egyptian Coptic nun Maggie Gobran and campaigner Nadeen Ashraf, also from Egypt.

Pardis Sabeti, from Iran, and Yemeni microgrid manager Iman Ghaleb Al Hamli made the list for their contributions to technology.

Syrian filmmaker Waad Al Kateab. Getty Images
Syrian filmmaker Waad Al Kateab. Getty Images

Moroccan rapper Housa Abouz is featured for using her “music as a tool for change” in a male-dominated industry.

Among the more well-known names on the list are Finnish Prime Minister Sanna Marin, actress Michelle Yeoh, the star of the new Avatar and Marvel films, and Briton Sarah Gilbert, who heads the University of Oxford’s research into a coronavirus vaccine, as well as climate activist and actress Jane Fonda.

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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.”