A woman demonstrates during an International Women's Day protest in Warsaw, Poland, March 8, 2021. REUTERS
A woman demonstrates during an International Women's Day protest in Warsaw, Poland, March 8, 2021. REUTERS
A woman demonstrates during an International Women's Day protest in Warsaw, Poland, March 8, 2021. REUTERS
A woman demonstrates during an International Women's Day protest in Warsaw, Poland, March 8, 2021. REUTERS

UAE to advance women’s rights if elected to UN Security Council, envoy says


James Reinl
  • English
  • Arabic

The UAE will work to advance the role of women globally if elected to the Security Council this year, Lana Nusseibeh, Permanent Representative of the UAE to the UN, said.

She said women are underrepresented in parliaments and in coronavirus response teams globally.

At current rates, men will continue to outnumber women in top leadership roles for the next 130 years, she said on International Women's Day on Monday.

“We don't have 130 years to wait,” Ms Nusseibeh said.

“I hope that we all move forward on this day thinking about this moment of transition and transformation that we would like to see this opportunity build for us out of the pandemic, a moment of hope.”

Ms Nusseibeh made her comments during an online event hosted by India to mark International Women’s Day.

The UAE is running for one of the UN Security Council’s temporary two-year seats that will open up on January 1, 2022.

“The UAE is a candidate to sit in the Security Council with India next year,” Ms Nusseibeh said.

"We really look forward to working on this file, specifically on the council, among many others.”

The UN’s 15-nation body has pushed for women’s rights for decades, notably in a resolution from 2000 that tackles sexual violence in war zones and pushes for more women peace negotiators.

But progress is slow. Men are expected to outnumber women in parliaments and other top leadership roles until about 2150, according to a report released on Monday by UN Women.

Only three countries in the world had 50 per cent or more women in their parliaments, it said.

Women aged under 30 made up less than one per cent of the world's parliamentarians, it added.

Likewise, women were poorly represented on teams tackling the coronavirus pandemic.

Only a handful of task forces in 87 countries studied had gender parity among their pandemic response teams.

Ms Nusseibeh said government quotas can be effective at addressing imbalances, but women must stand up for themselves.

"Believing in yourself, but also developing a tougher skin is essential, as we try to close that gender gap," she said.

In a statement, UN Secretary General Antonio Guterres called for more women in top government jobs. He said gender equality was “essentially a question of power”.

“A male-dominated world and a male-dominated culture will yield male-dominated results,” Mr Guterres said.

“These solutions can only be found through shared leadership and decision-making; and through the full realisation of women’s rights, including the right to equal participation.”

MOUNTAINHEAD REVIEW

Starring: Ramy Youssef, Steve Carell, Jason Schwartzman

Director: Jesse Armstrong

Rating: 3.5/5

Origin
Dan Brown
Doubleday

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

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Athletic Bilbao 0

Real Madrid 1 (Ramos 73' pen)

Skewed figures

In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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Real Madrid 2

Vinicius Junior (71') Mariano (90 2')

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Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
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  • DLD registration fee can be paid through banks or credit cards at zero interest rates

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 specs

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Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Other acts on the Jazz Garden bill

Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.

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Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The Orwell Prize for Political Writing

Twelve books were longlisted for The Orwell Prize for Political Writing. The non-fiction works cover various themes from education, gender bias, and the environment to surveillance and political power. Some of the books that made it to the non-fiction longlist include: 

  • Appeasing Hitler: Chamberlain, Churchill and the Road to War by Tim Bouverie
  • Some Kids I Taught and What They Taught Me by Kate Clanchy
  • Invisible Women: Exposing Data Bias in a World Designed for Men by Caroline Criado Perez
  • Follow Me, Akhi: The Online World of British Muslims by Hussein Kesvani
  • Guest House for Young Widows: Among the Women of ISIS by Azadeh Moaveni