Home > Business, Development, International, Money Matters > Girl Power- Arabian Women creating wealth

Girl Power- Arabian Women creating wealth

Arabian Eyes

Image by mnadi via Flickr

The Middle East has seen the emergence of wealthy business women in the past decade. According to Gulf News, women control 22 percent of the region’s assets, amounting to $700 billion. It is expected that this amount will grow by 8% in the next four years. Only $70 billion of this figure is their own personal wealth.  A 2007 study by the International Finance Corporation, an arm of the World Bank, found that a third of women-owned enterprises in the United Arab Emirates generated over $100,000 a year, versus only 13% of American women-owned firms. A Barclays Wealth survey found that Arab women are the worlds most confident about investing in funds, and the most secure in their knowledge of estate and retirement planning.

Banks and investment companies have been proliferating across the Middle East. Investment firms like Merrill Lynch and private banks like the Swiss firm Clariden Leu have targeted Gulf millionairesses. Banks are not succumbing to the social need to empower women, but are making calculated their decisions based purely the potential for financial gain. Women are growing in their confidence in dealing with money and financial issues.

Female investors in the Middle East are focusing their attention of environmental and social returns on their investments and not just financial returns They are not flaunting it, it is not just about buying designer bags and watches,” said Shimi Shah, Chairman of Carousel Solutions, in the Gulf News report. “They want to do good, they are a lot savvier about the region, and they’re talking about corporate social responsibility.”

Aid programmes that provide women an opportunity to improve their health, well being and education benefit not just the women assisted, but affect those around them in tangible ways. A woman multiplies the impact of an investment made into her future. Those around her enjoy the benefits she enjoys thus creating a better life for herself, her family and her community. Investments in women are far reaching and extend further than any normal investment. The Arabian women have shown that they can take control of their financial freedom and can manage their wealth and grow it. By 2014 women in the Middle East will control approximately 30% of the regions assets and it is to be seen what will happen in the next decade. With no doubt as women become more business savvy, the world around them will continue improve for the better.

A lot can be learnt from Arabian women. They are certainly not the pampered and disenfranchised women we recon them to be. They are taking a hold of their future and doing it for themselves across countless odds. Without land and collateral women in Africa remain disempowered, but this example by the fearless women in the Middle East is a sure example that nothing can stop a dream and nothing can stop a woman. Women can get out of survivalist living and join the mainstream of the economy, excel and build larger thriving sustainable businesses.

WHY INVEST IN WOMEN

  1. Women Deliver!
  2. When 10% more girl children go to school, a country’s GDP increases by 3%.
  3. Women produce 43% of the food in developing countries yet they are less likely to own land and own smaller pieces of land when they do.
  4. There is a 10% increase in crop yields when women own the land.
  5. In countries where women occupy 30% of political seats in political bodies, those countires are more inclusive, egalitarian and democratic.
  6. Only 18.9% of the worlds legislators are women.
  7. When women and girls earn income, they reinvest 90 percent of it into their families, as compared to only 30 to 40 percent for a man.
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  1. December 16, 2011 at 3:39 pm

    With rising cost of living, it has become a need for women to join and remain in the workforce through their child growing years.

  2. December 28, 2011 at 5:00 pm

    Great blog zimdev. Keep up the good work.

    • December 30, 2011 at 3:42 pm

      Thank you. Glad you like it.

    • December 30, 2011 at 3:45 pm

      Thank you. Please keep reading.

  1. December 20, 2011 at 6:43 pm

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