The private sector must play a greater role in closing the digital divide between boys and girls, particularly for young girls in low-income countries, according to the United Nations Children's Fund (Unicef).
Up to 90 per cent of adolescent girls in low-income countries remain offline, depriving economies of nearly $1 trillion in GDP over the past decade, a loss that could hit $1.5 trillion by the end of 2025. Their male peers are also twice as likely to be online, Unicef analysis shows.
The situation is such that there is now an urgent need for collaboration between governments, industry leaders and humanitarian organisations to ensure equitable digital access for all children, Carla Haddad Mardini, Unicef's director of private sector partnerships and fund-raising, told The National.
“If you look at the digital divide between the Global North and the Global South, and specifically when it comes to women, it disproportionately impacts women and young girls and it impacts futures in terms of access to the internet, to learning, and developing digital foundational skills,” Ms Mardini said. “Digital numeracy and digital skills are critical. We need children and young people to be equipped to benefit from the advantages that will come from tech, from AI, and from all the improvements happening in that space.”
Ms Mardini pointed to the Mobile World Congress in Barcelona, which took place earlier this month, as an example of the gender gap. “There were very few women there; the sector remains male-dominated,” she said. “Unfortunately, not enough women are breaking barriers at the highest levels in tech. We did, however, bring two young girls who have excelled – one from Ecuador and one from Lebanon – because we believe that, to bridge the digital divide, young people must have a stronger voice in these spaces.”
What is Unicef doing to help?
Unicef has launched several global initiatives to expand digital access and support learning for displaced children. One example is the Giga initiative, which is set on connecting every school in the world to the internet.
Another project, co-created with Microsoft, is the Learning Passport, which helps displaced children continue their education and enable equitable access to high quality learning for more than 10 million learners in more than 46 countries, half of them girls.
“It allows children on the move who are displaced in countries suffering from natural disasters or armed conflict, or who have become refugees, to continue their learning,” Ms Mardini said. “If there’s no connectivity, they can do it offline, but it’s adapted to their reality and their situation. [The Learning Passport] can cater to their needs and [allow them to] enter the labour force with the right skills and the right quality learning.”
The Global Coalition on Youth Mental Health, a collaboration between Unicef and the Z Zurich Foundation, a global community investment charity, hopes to ensure child and youth mental health is prioritised on the social, economic, and political agenda, strengthening the skills and supportive environments for the mental health of 50 million children and young people in 150 countries by 2030.
Another major initiative is Laaha, a virtual platform for young girls that provides digital access and resources. “It’s a space online to help young girls access information,” Ms Mardini said. “It’s fascinating.” Laaha currently reaches half a million girls in eight languages.
Education as a lifeline
Education is just as critical as access to clean water, food, and health care, particularly in conflict zones, Ms Mardini said, as she shared her own experience of how precarious access to learning can be.
“I come from Lebanon. During the war in the 1980s and 1990s, the number one priority for my parents was to keep us in learning,” she said. “Whether the school was closed, shut down, bombed, whatever, we would sometimes have the teacher come home and, as a community, organise ourselves for group classes, or even study in bunkers to keep learning when you didn’t even know if you would be alive the next day.
“Education, for Unicef and for us, is life-saving. If it’s protected at the same time as water and sanitation, access to health care, then we ensure that children and young people can have a future.”
A call to action
Ms Mardini called on the private sector to do more, noting that no single entity can bridge the gap alone. “Unicef is not a watchdog of the private sector [but we have] a very strong dialogue at industry level. We know businesses focus on their bottom line, productivity, and profitability, but we think there is no sustainable profitability if the impacts are egregious on society and on children, specifically. There’s no productivity and profitability without equity and without safety, and this has to be done from the design phase.”
Ms Mardini added: “No UN agency, multilateral agency, or NGO, whether international or local, can do it alone. We really need to come hand in hand and work together at the intersection of private and public sector – to make sure no child or young person is left behind.”
However, Ms Mardini noted that greater connectivity comes at a cost and stressed the importance of online safety. “There are risks and downsides, and Unicef works hard with the sector at industry level to discuss how we can make sure child online safety is a top priority from the design phase of the products and not an afterthought.
“We want to see the private sector move from a no-harm approach to a do-good approach and, even further, to consider themselves as actors that can impact and drive societal benefits.”
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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Dolittle
Director: Stephen Gaghan
Stars: Robert Downey Jr, Michael Sheen
One-and-a-half out of five stars
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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.”
Diriyah%20project%20at%20a%20glance
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The five pillars of Islam
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Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
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Info
What: 11th edition of the Mubadala World Tennis Championship
When: December 27-29, 2018
Confirmed: men: Novak Djokovic, Rafael Nadal, Kevin Anderson, Dominic Thiem, Hyeon Chung, Karen Khachanov; women: Venus Williams
Tickets: www.ticketmaster.ae, Virgin megastores or call 800 86 823
World record transfers
1. Kylian Mbappe - to Real Madrid in 2017/18 - €180 million (Dh770.4m - if a deal goes through)
2. Paul Pogba - to Manchester United in 2016/17 - €105m
3. Gareth Bale - to Real Madrid in 2013/14 - €101m
4. Cristiano Ronaldo - to Real Madrid in 2009/10 - €94m
5. Gonzalo Higuain - to Juventus in 2016/17 - €90m
6. Neymar - to Barcelona in 2013/14 - €88.2m
7. Romelu Lukaku - to Manchester United in 2017/18 - €84.7m
8. Luis Suarez - to Barcelona in 2014/15 - €81.72m
9. Angel di Maria - to Manchester United in 2014/15 - €75m
10. James Rodriguez - to Real Madrid in 2014/15 - €75m