Bahrain's women work to win more parliamentary seats



MANAMA // Just eight women ran in Bahrain's first general election in 2002, with the number increasing to 18 four years later. Despite a handful of close races in 2006, only one woman managed to secure a seat in the country's fledgling parliament, after she ran unopposed. But if May al Otaibi and others have anything to do with it, female candidates will have a good chance during Bahrain's next general election slated for November 2010.

Dr al Otaibi, an expert in strategic communications, and institutions such as Bahrain's Supreme Council for Women, are starting early to support female participation in the next elections. "In 2006, we had a good number of women participating," Dr al Otaibi said. "But now we are starting early to empower them to think about it properly." The aim is not necessarily to get "lots of females" on the ballot, but rather to support qualified, accomplished female leaders, she said.

Over the past month, the first in a series of seminars was held by the Supreme Council, including those led by Dr al Otaibi, to support possible female candidates and mobilise female voters. During one meeting she stressed the need to organise campaigns well in advance of the election, with discussions also focusing on the development of viable political platforms."This is an introduction to political empowerment and awareness," Dr al Otaibi said. "It is just a seed for the coming campaign and to introduce women to what we are going to be doing."

According to Lulwa al Awadhi, the secretary-general of the Supreme Council, it was vital to start early in order to ensure that women are ready in November next year. "We are also preparing them through workshops; we have to prepare things very early," she said. "We have to try because it is our obligation to help and to start to prepare." One of the main issues, said Mrs al Awadhi, is how to get more women to vote for women, a sentiment echoed by Firas Gharaibeh, the United Nations Development Programme's (UNDP) deputy resident representative to Bahrain.

"[The issue] is that there are not enough men and women voting for women candidates because of social structures and religious attitudes," he said. "Secondly, the candidates maybe are not catching the eye of the voters, and not presenting themselves properly." To try to rectify these issues, the Supreme Council plans to host a series of seminars for political groups, women's associations and other civil society organisations. They are also studying ways of providing possible candidates with material and logistical support, as well as training to give women the tools they need to compete on the national stage.

"We hope that we will be able to [effect] some changes, maybe in the next election," Mrs al Awadhi said. "I hope that more than one woman gets a seat, so we're doing our best." UNDP is involved in efforts to enhance female participation in the elections, working closely with the Supreme Council. A joint study by the two organisations following the 2006 election outlined a set of recommendations to give women a better chance in 2010, including the need for improved access to funding and qualified support teams for the candidates.

The study also found that while 74 per cent of those polled accepted the idea of women running for public office, 62 per cent said they would not vote for a female candidate in 2010. "We have had two elections and we need more time to change the attitudes and perceptions," Mr Gharaibeh said. "More efforts should be made to bring women into politics." But, while efforts to support qualified candidates are ongoing, questions have also been raised about whether female voter apathy will undermine the initiative.

"I won't vote in the elections," said a woman who would only be identified as Fatima, 28. "I don't see that they will do any good and the MPs don't do anything for us. I want a candidate who can help us." Suad Mahdi, a 29-year-old IT consultant, said she would vote in the next election only if she is convinced her vote will go towards bringing about real change. "The person I voted for in the last election won, but he doesn't have a lot of power," she said. "But, I think I should vote because you have to support the process." Nevertheless, Ms Mahdi is not convinced a female candidate will win in 2010.

In 2006, Latifa al Qouhoud became one of 40 elected members of parliament after she stood unopposed in her constituency. Muneera Fakhro, an activist and academic, was the woman who came closest to winning a contested race on election day, narrowly missing out in her district. "The issue is not male-female gender crisis, it's democracy," she said. "Once the females were given the vote, they gained power. But, the whole process is it real democracy or is it a facade? Of course, it's a facade."

Dr Fakhro contends there are flaws within the current electoral system, including what she considers as a high number of electoral districts, which allows the main factions to maintain power. "We are still in the debate, but personally I will not join until we have reforms in the electoral process," she said. Dr Fakhro's party - the liberal Waad group - boycotted the country's first foray into democracy in 2002, but decided to take part four years later. Her party, she said, has "abolished gender and sectarian barriers". In fact, she contends that more men than women voted for her in the last election, but the question still remains as to whether she will run again.

"I'll be with Waad, so when they decide something I think I'll follow suit, but I will not be joining the elections unless [there are reforms]," she said. While none of the Islamic parties nominated female candidates in 2006, Dr Fakhro believes that the Al Wefaq National Islamic Society, the largest opposition party, may field women in 2010. If so, among them could be 38-year-old Ahlam al Kuzzay, the head of the women's section of the society.

Mrs al Kuzzay, who attended one of the Supreme Council's recent seminars, said she would run if tapped by her party. "Our women can do what the men can do," she said. "In the future if they said that the need me for my area, then I would say yes." @Email:zconstantine@thenational.ae

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.”

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