UAE’s Mona Al-Marri: Saudi women have a ‘great chance’ in light of the current transformation

Mona Al-Marri, the director general of the Dubai Media Office, pictured at the World Economic Forum in Davos on Wednesday. (AN Photo)
Updated 25 January 2018
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UAE’s Mona Al-Marri: Saudi women have a ‘great chance’ in light of the current transformation

DAVOS: Mona Al-Marri, one of the most influential advocates of women’s empowerment in the Arab world, believes that women in Saudi Arabia have a unique opportunity to advance their cause in the transformation under way in the Kingdom.
Speaking on the sidelines of the World Economic Forum annual meeting in Davos, Al-Marri said: “It is a great chance for them to be fully recognized in Saudi society for their real value. It is not just about driving or being able to go out, it’s all part of the great transformation that is going on in Saudi Arabia.
“For those Saudi women who have chosen to live outside the country, it is a chance to go back and take part. For those already there, it is a chance to fully fulill their role,” she added.
Al-Marri, who is director general of the Government of Dubai Media Office, revealed that Saudi officials had recently visited the UAE’s Gender Balance Council, of which she is vice president, to consult on how the UAE has enhanced women’s employment and social freedoms to be among the most advanced in the region.
“We have had lots of meetings with Saudis recently. We showed our research on women’s empowerment and I think they appreciated it. Maybe Saudi Arabia is thinking of a similar initiative,” she said.
The Council was set up by Sheikh Mohammed bin Rashid Al-Maktoum, ruler of Dubai in 2015, to create a greater balance in the UAE workforce, which had been dominated by men.
Since then, a raft of new laws have been enacted in the UAE to increase the number of women in employment, to raise levels of boardroom participation, and advance other social rights.
The focus was initially on the public sector, but is now extending women’s rights into the private sector, where they are still under-represented.
For example, the UAE is considering extending recent legislation which gave women the right to three months fully paid maternity leave.
“Sheikh Mohammed took a personal role in the women’s cause from the very beginning, and that gave it great impetus. It needs one focus, one vision and one leadership to advance women. Dubai was a more open society, but women still faced issues.
“Saudi Arabia is more conservative, so I think it needs a more assertive approach. If Dubai and the UAE could do it, I’m sure Saudi Arabia can too.”
She said that the guardian laws in the KIngdom — which restrict women’s freedom to travel and to conduct financial business — were an issue.
But the UAE had found that the problem was more a question of social and cultural convention that of law. “We saw that there was nothing in law that stopped women living more freely,” she said.


Silver crosses $77 mark while gold, platinum stretch record highs

Updated 27 December 2025
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Silver crosses $77 mark while gold, platinum stretch record highs

  • Spot silver touched an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits
  • Spot platinum rose 9.8% to $2,437.72 per ounce, while palladium surged 14 percent to $1,927.81, its highest level in over 3 years

Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of US Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.

Spot silver jumped 7.5% to $77.30 per ounce, as of 1:53 p.m. ET (1853 GMT), after touching an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits, its designation ‌as a US ‌critical mineral, and strong investment inflows.

Spot gold ‌was ⁠up ​1.2% at $4,531.41 ‌per ounce, after hitting a record $4,549.71 earlier. US gold futures for February delivery settled 1.1% higher at $4,552.70.

“Expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets. While there is some risk of profit-taking before the year-end, the trend remains strong,” said Peter Grant, vice president and senior metals strategist ⁠at Zaner Metals.

Markets are anticipating two rate cuts in 2026, with the first likely ‌around mid-year amid speculation that US President Donald ‍Trump could name a dovish ‍Fed chair, reinforcing expectations for a more accommodative monetary stance.

The US ‍dollar index was on track for a weekly decline, enhancing the appeal of dollar-priced gold for overseas buyers.

On the geopolitical front, the US carried out airstrikes against Daesh militants in northwest Nigeria, Trump said on Thursday.

“$80 in ​silver is within reach by year-end. For gold, the next objective is $4,686.61, with $5,000 likely in the first half of next ⁠year,” Grant added.

Gold remains poised for its strongest annual gain since 1979, underpinned by Fed policy easing, central bank purchases, ETF inflows, and ongoing de-dollarization trends.

On the physical demand side, gold discounts in India widened to their highest in more than six months this week as a relentless price rally curbed retail buying, while discounts in China narrowed sharply from last week’s five-year highs.

Elsewhere, spot platinum rose 9.8% to $2,437.72 per ounce, having earlier hit a record high of $2,454.12 while palladium surged 14% to $1,927.81, its highest level in more than three years.

All precious ‌metals logged weekly gains, with platinum recording its strongest weekly rise on record.