Male-dominant annual Top CEO event kicks off with a forum dedicated to Arab women leaders

Updated 10 April 2018
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Male-dominant annual Top CEO event kicks off with a forum dedicated to Arab women leaders

  • The Arab Women Forum is in its first year following on from a succession of male dominated Top CEO events
  • The forum was told that women had a 'powerful ally' in Saudi Arabia

KING ABDULLAH ECONOMIC CITY, Saudi Arabia: The Top CEO’s forum is back at King Abdullah Economic City (KAEC), yet this year the scene is different. The 2018 edition of the one day-event is this time preceded by a day dedicated to Arab women in the business industry.

“Last year, this event at KAEC was a one-day forum Top CEOs, and I think it’s fair to say that it was a largely male dominated affair,” said Frank Kane, Master of Ceremonies and Arab News senior business columnist in the opening session of the Arab Women Forum.

With the fast pace of changes in the past year that fall under the efforts to empower women and facilitate their engagement in social and economic development, Kane said it was felt “appropriate no, essential” to begin (the Top CEO’s forum) with a day devoted exclusively to women to their role in business economy and society.

Kane added: “Women here have the support, encouragement and the backing of a pragmatic leadership. We hear a lot of talk in the rest of the world about the conservative backlash to the changes under way in the Kingdom, but women here have a powerful ally on their side too.”

The first Arab Women Forum, which is co-sponsored by Arab News and the Dubai-based publisher Mediaquest, kicked off on Tuesday, making a strong statement, when the women of Arab News took to the stage on the invitation of media personality Muna AbuSulayman, who gave the opening note on behalf of Arab News editor-in-chief, Faisal J. Abbas, highlighting the importance of the efforts towards gender equality and women empowerment.
“Arab News has achieved gender parity in the newsroom,” AbuSulayman said.

In recent months, Saudi Arabia has made some major changes leading to the same goal that goes in line with the Saudi Vision 2030, which is to involve more women in the workforce to participate in the economic and social development that the Kingdom is witnessing. The Vision states the need to increase the percentage of workingwomen from 22 percent to 30 percent.

“10 months, things have accelerated… and gender parity agenda is a fundamental one,” said Julien Hawari, Co-CEO of Mediaquest in the opening session. “With this agenda come the creation of hope and the fostering of jobs and energy. We choose to see hope with this transformation that is happening in the region. Ways to improve the region.”
 


IMF managing director Kristalina Georgieva commends GCC economic success

Updated 4 sec ago
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IMF managing director Kristalina Georgieva commends GCC economic success

DUBAI: The managing director of the International Monetary Fund, Kristalina Georgieva, has commended the Gulf’s economic success and said she admires its efforts.

Speaking at the World Governments Summit on Tuesday, Georgieva said discussions with ministers of finance and central bank governors in the region were showing maturity, which helped them move their economies forward.

“If you want to compete in the world we are today, you have to come up with a sense of purpose and unity and the Gulf has demonstrated capacity to do so,” she added.

Georgieva said she admired what the Gulf Cooperation Council had done with investing in human capital and recognizing the importance of dialogue and cooperation: “Because you have invested in human capital before AI took over, you have such a strong comparative advantage today when this new technology is coming to life.”

She also urged Gulf countries to learn from Europe’s mistakes.

“In the Gulf I am enthusiastic about what I see, there is more interest in harmonization of regulations, more collective decision making and focus on interregional trade,” she said. “Potential for that is huge and the Gulf is thinking about how to make the GCC a more impactful institution. Don't copy European institutions, they are too complicated.”

Georgieva added that, despite political challenges and obstacles, the world still needed trading.

“Trade is like water, you put an obstacle and it moves around it,” she said. “The world is trading because the majority of small and medium sized countries can’t produce anything at home and they need an integrated global economy.

“We live in a world of exhaustive shocks, we live in a world of uncertainty, this is not going to change.”

Georgieva also urged governments to get their economies in the best possible order and to cooperate with their neighbors to build economic bridges and connections.