During this tumultuous year, many outstanding female politicians have demonstrated their gift for leadership in their own countries and on the world stage. In the Middle East, a whole generation of them has seen its position strengthened.
A record 364 Jordanian women are running in the country’s parliamentary elections, which are taking place today. This is a 44 per cent increase from the last elections, in 2016. Three all-women electoral lists have been formed and the number of female candidates far exceeds the minimum number of seats allocated for women by a legal quota.
In Egypt, meanwhile, Parliament approved in June an amendment to the constitution that allocates 25 per cent of all seats to women.
More about women's rights
In the immediate term, quotas are a crucial step in guaranteeing better female representation, advancing the rights of women and ensuring that their voices are heard. But allocations must translate into action, lest they risk becoming tokenistic. Iran, for instance, prides itself on empowering women to take an active role in the workforce. In a statement in September, an Iranian official publicly affirmed that there is no legal impediment to a woman running for president in next year’s elections. But in a country where female representatives account for a mere six per cent of seats in Parliament, such a feat appears unlikely.
In much of the region, women who aspire to high office are targeted for harassment, if not by authorities then by private citizens. A Jordanian study published last week revealed that one in three female candidates for the parliamentary elections said they were targeted by cyberbullies. This trend is as evident across the Middle East as it is in the wider world. Women continue to pay a heavy price for speaking out and being in the public eye. Last month Reporters Without Borders condemned an online hate campaign directed at three Lebanese female journalists.
Embedding representation in law and encouraging the public and private sectors to give women a voice is key to empowering them in the long run. That strategy is familiar in the UAE, where it has bolstered female representation and women's rights with great success. According to the World Economic Forum's latest Global Gender Gap report, the UAE is the leading country when it comes to gender equality in the region.
Embedding representation in law is key to empowering women in the long run
Fifty per cent of the UAE's Federal National Council are women. Total parity has become mandatory following a 2018 presidential decree. The Emirates has also issued landmark decisions to advance equality in the workplace. In September, a presidential decree was issued to ensure that women are granted equal pay for equal work.
It is time for the region to move past gender stereotypes, and strive towards parity. Recent developments indicate that many countries in the Middle East are moving in the right direction. But there is undoubtedly a long way to go, both in terms of the region’s culture and its statistics on representation and pay. But each advancement is hugely significant, for the sake of millions of women and young girls in the region who must believe, for everyone’s benefit, that they can have a seat at the table of power.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
The struggle is on for active managers
David Einhorn closed out 2018 with his biggest annual loss ever for the 22-year-old Greenlight Capital.
The firm’s main hedge fund fell 9 per cent in December, extending this year’s decline to 34 percent, according to an investor update viewed by Bloomberg.
Greenlight posted some of the industry’s best returns in its early years, but has stumbled since losing more than 20 per cent in 2015.
Other value-investing managers have also struggled, as a decade of historically low interest rates and the rise of passive investing and quant trading pushed growth stocks past their inexpensive brethren. Three Bays Capital and SPO Partners & Co., which sought to make wagers on undervalued stocks, closed in 2018. Mr Einhorn has repeatedly expressed his frustration with the poor performance this year, while remaining steadfast in his commitment to value investing.
Greenlight, which posted gains only in May and October, underperformed both the broader market and its peers in 2018. The S&P 500 Index dropped 4.4 per cent, including dividends, while the HFRX Global Hedge Fund Index, an early indicator of industry performance, fell 7 per cent through December. 28.
At the start of the year, Greenlight managed $6.3 billion in assets, according to a regulatory filing. By May, the firm was down to $5.5bn.
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
Dust and sand storms compared
Sand storm
- Particle size: Larger, heavier sand grains
- Visibility: Often dramatic with thick "walls" of sand
- Duration: Short-lived, typically localised
- Travel distance: Limited
- Source: Open desert areas with strong winds
Dust storm
- Particle size: Much finer, lightweight particles
- Visibility: Hazy skies but less intense
- Duration: Can linger for days
- Travel distance: Long-range, up to thousands of kilometres
- Source: Can be carried from distant regions
Killing of Qassem Suleimani
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Squad for first two ODIs
Kohli (c), Rohit, Dhawan, Rayudu, Pandey, Dhoni (wk), Pant, Jadeja, Chahal, Kuldeep, Khaleel, Shami, Thakur, Rahul.
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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UAE currency: the story behind the money in your pockets
Sarfira
Director: Sudha Kongara Prasad
Starring: Akshay Kumar, Radhika Madan, Paresh Rawal
Rating: 2/5