Sheikha Jawaher launches initiative to support female Emirati entrepreneurs



SHARJAH // An initiative has been launched to support female Emirati entrepreneurs.

Jeel, launched by Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Sharjah Ruler, will be run across the emirate.

The launch by the Sharjah Businesswomen Council coincides with the Education For Employment event that will take place on Tuesday at Souq Anwan in Dibba Al Hisn.

“Success will translate to more job opportunities that will positively enhance the social and economic state of women, their families and the community,” said Ameera bin Karam, SBWC chairperson. “Encouragement and motivation helps develop new, innovative business opportunities that lead to strengthening the social and economic development of any society.”

The Jeel programme aims to encourage leadership among women in business and to contribute to creating a generation of professional women capable of innovating, managing and developing companies.

SBWC will help to open up communication between financial institutions, entrepreneurs and investors.

The announcement is in line with the UAE’s aim to encourage innovation in various fields and will provide mentorship, support and guidance to help entrepreneurs build their ideas.

Jeel will also offer training and provide financial advice.

“Sharjah has always believed in the capabilities of Emirati women and provides support and empowerment policies for them,” Ms bin Karam said.

“Through this initiative, Sheikha Jawaher seeks to establish an innovative, effective female generation ready for their own private businesses.”

newsdesk@thenational.ae

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The hotels

Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes. 

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March-May and September-November

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The Melbourne Mercer Global Pension Index

The Melbourne Mercer Global Pension Index

Mazen Abukhater, principal and actuary at global consultancy Mercer, Middle East, says the company’s Melbourne Mercer Global Pension Index - which benchmarks 34 pension schemes across the globe to assess their adequacy, sustainability and integrity - included Saudi Arabia for the first time this year to offer a glimpse into the region.

The index highlighted fundamental issues for all 34 countries, such as a rapid ageing population and a low growth / low interest environment putting pressure on expected returns. It also highlighted the increasing popularity around the world of defined contribution schemes.

“Average life expectancy has been increasing by about three years every 10 years. Someone born in 1947 is expected to live until 85 whereas someone born in 2007 is expected to live to 103,” Mr Abukhater told the Mena Pensions Conference.

“Are our systems equipped to handle these kind of life expectancies in the future? If so many people retire at 60, they are going to be in retirement for 43 years – so we need to adapt our retirement age to our changing life expectancy.”

Saudi Arabia came in the middle of Mercer’s ranking with a score of 58.9. The report said the country's index could be raised by improving the minimum level of support for the poorest aged individuals and increasing the labour force participation rate at older ages as life expectancies rise.

Mr Abukhater said the challenges of an ageing population, increased life expectancy and some individuals relying solely on their government for financial support in their retirement years will put the system under strain.

“To relieve that pressure, governments need to consider whether it is time to switch to a defined contribution scheme so that individuals can supplement their own future with the help of government support,” he said.

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