Women manage assets worth $385bn in GCC

Dubai / EMIRATES BUSINESS

The pivotal role of women entrepreneurship for economic growth and development is widely being recognized and encouraged by GCC governments as evidenced by the highest ever rates of entrepreneurial and business activity by regional women, revealed an Al Masah Capital Report on “GCC Women – Entrepreneurs in a New Economy”.
SME’s led by women manage assets in the GCC worth $385 billion, and are at the forefront of the economic transformation of the region backed by increased literacy and educational opportunities, slowly changing cultural attitudes, and government policies aimed at reducing dependence on foreign labor. Furthermore, availability of diverse employment opportunities, technological advances and information democratization is inspiring several women to start their own businesses.
According to the report, women entrepreneurs in the region increased from 4% to 10% in the period 2011-14, significantly narrowing the gender gap in entrepreneurial intentions.

Dubai Chamber
celebrates Emirati Women’s Day

Dubai/ EMIRATES BUSINESS

Marking the Emirati Women’s Day initiated by HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation, and President of the Supreme Council for Motherhood and Childhood, the Dubai Chamber of Commerce and Industry dedicated its monthly staff gathering to honour Emirati women for their great contributions in the country’s development. The Emirati Women’s Day under the theme, “Women and Innovation” was attended by HE Azza bin Suleiman, Member of FNC, officials and staff members.