The International Trade Centre (ITC), a joint agency of the United Nations and World Trade Organization (WTO), will open a centre in Dubai on Tuesday to foster female entrepreneurship across the Middle East and North Africa (Mena), in partnership with Dubai Exports, a unit of the Department for Economic Development.
“Our main aim globally is to connect more women to the economy because we know there is a specific market failure there: women are having more difficulty in business than men,” said Arancha Gonzalez, executive director of the ITC.
"In the world there are 1 billion women disconnected from the economy [according to McKinsey & Company], which is an economy the size of the US and China. This tells us we have a big source of growth countries are not tapping," said Ms Gonzalez in an interview with The National at the World Government Summit in Dubai.
Despite impressive higher education rates among women, the region has lower rates of female labour force participation than the rest of the world. Women make up 49 per cent of the Mena population and, in some countries, up to 63 per cent of university students. Yet they represent 28 per cent of the labour force compared to over 50 per cent in the US, according to the World Bank.
A 2017 study by UN Women and Promundo, a Brazilian lobby group to promote gender equality among boys, claimed more than two-thirds of Mena men support the notion that a woman’s most important role is to take care of the household, highlighting cultural barriers to gender equality.
However, some governments are working to increase female labour market participation. Saudi Arabia’s Vision 2030, which aims to reduce the kingdom’s dependence on oil, vies to increase female participation in the workforce to 30 per cent over the next 15 years from 22 per cent. The framework aims to reduce total unemployment to 7 per cent by 2030 from 12.7 per cent. In the UAE, female participation in the workforce exceeds the regional average, growing to 46 per cent from 34 between 2000 and 2014, according to a report from Boston Consulting Group.
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Read more:
More women are joining the UAE labour force
How women face challenges in the business world
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The ITC’s SheTrades initiative aims to connect 3 million women to labour markets by 2020, through a network of national and regional hubs to support female entrepreneurs.
It already runs initiatives in Middle East conflict areas such as Syria and Palestine, to help women-led enterprises find buyers for products.
However, the partnership with Dubai Exports creates the first dedicated SheTrades Mena hub, connecting female entrepreneurs from all across the region to international trade markets, said Ms Gonzalez.
“It has been proven through studies by the World Bank and others that companies participating in international trade are more competitive," she said, adding "only the more competitive are participating in international trade.”
“This translates into better quality jobs, better working conditions and better contribution to economic growth. So there is a virtuous circle in connecting more women to international trade.”
SheTrades Mena will offer practical advice on how to run a business, connect women with prospective customers and help them showcase certified products, as well as increasing access to credit.
“Very often women entrepreneurs in Mena only have access to microcredit, and microcredit means micro-entrepreneur,” Ms Gonzalez said.
When it comes to traditional, offline trade, only one in five exporting companies globally is a woman-owned businesses, whereas four out of five online exporting companies are women-owned businesses, according to ITC estimates.
“Through e-commerce, women have found a means to jump over cultural and traditional lack of available time for remunerated activities,” she said.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
How to avoid crypto fraud
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The Baghdad Clock
Shahad Al Rawi, Oneworld
MATCH INFO
Champions League last 16, first leg
Tottenham v RB Leipzig, Wednesday, midnight (UAE)
The bio
Favourite food: Japanese
Favourite car: Lamborghini
Favourite hobby: Football
Favourite quote: If your dreams don’t scare you, they are not big enough
Favourite country: UAE
Difference between fractional ownership and timeshare
Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.
Why your domicile status is important
Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.
Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born.
UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.
A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.
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Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
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How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
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- Should have a live feed of the drone flight
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The specs
AT4 Ultimate, as tested
Engine: 6.2-litre V8
Power: 420hp
Torque: 623Nm
Transmission: 10-speed automatic
Price: From Dh330,800 (Elevation: Dh236,400; AT4: Dh286,800; Denali: Dh345,800)
On sale: Now
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
Vidaamuyarchi
Director: Magizh Thirumeni
Stars: Ajith Kumar, Arjun Sarja, Trisha Krishnan, Regina Cassandra
Rating: 4/5
Company profile
Date started: January, 2014
Founders: Mike Dawson, Varuna Singh, and Benita Rowe
Based: Dubai
Sector: Education technology
Size: Five employees
Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.
Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)
Killing of Qassem Suleimani
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The years Ramadan fell in May
The Programme
Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson
MATCH INFO
Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)
Non-oil%20trade
%3Cp%3ENon-oil%20trade%20between%20the%20UAE%20and%20Japan%20grew%20by%2034%20per%20cent%20over%20the%20past%20two%20years%2C%20according%20to%20data%20from%20the%20Federal%20Competitiveness%20and%20Statistics%20Centre.%C2%A0%3C%2Fp%3E%0A%3Cp%3EIn%2010%20years%2C%20it%20has%20reached%20a%20total%20of%20Dh524.4%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3ECars%20topped%20the%20list%20of%20the%20top%20five%20commodities%20re-exported%20to%20Japan%20in%202022%2C%20with%20a%20value%20of%20Dh1.3%20billion.%C2%A0%3C%2Fp%3E%0A%3Cp%3EJewellery%20and%20ornaments%20amounted%20to%20Dh150%20million%20while%20precious%20metal%20scraps%20amounted%20to%20Dh105%20million.%C2%A0%3C%2Fp%3E%0A%3Cp%3ERaw%20aluminium%20was%20ranked%20first%20among%20the%20top%20five%20commodities%20exported%20to%20Japan.%C2%A0%3C%2Fp%3E%0A%3Cp%3ETop%20of%20the%20list%20of%20commodities%20imported%20from%20Japan%20in%202022%20was%20cars%2C%20with%20a%20value%20of%20Dh20.08%20billion.%3C%2Fp%3E%0A
The Brutalist
Director: Brady Corbet
Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn
Rating: 3.5/5
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
THE SPECS
Engine: 6.75-litre twin-turbocharged V12 petrol engine
Power: 420kW
Torque: 780Nm
Transmission: 8-speed automatic
Price: From Dh1,350,000
On sale: Available for preorder now
The specs
Engine: 4.0-litre flat-six
Torque: 450Nm at 6,100rpm
Transmission: 7-speed PDK auto or 6-speed manual
Fuel economy, combined: 13.8L/100km
On sale: Available to order now
SPEC%20SHEET%3A%20NOTHING%20PHONE%20(2A)
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The specs
Engine: 6.2-litre V8
Transmission: seven-speed auto
Power: 420 bhp
Torque: 624Nm
Price: from Dh293,200
On sale: now
