
GCC policy dialogue to promote women's leadership in workforce
A policy dialogue on women's economic empowerment concluded in Dubai, with GCC countries backing efforts for joint legal reforms, childcare investment and enhanced knowledge exchange across institutions.
Led by the UAE Gender Balance Council and the World Bank, the workshop brought together leaders from the UAE, Saudi Arabia and Bahrain to share strategies aimed at expanding women's participation in the workforce, particularly through support for childcare and maternity policies.
The UAE emphasised its initiatives to enhance gender balance in the labour market, Saudi Arabia outlined advances in workforce participation and social insurance for women and Bahrain showcased national upskilling programs and empowerment strategies.
A joint brief was presented to guide future cooperation, marking a key step toward building inclusive, opportunity-driven economies across the region.
Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, said, 'Women's economic empowerment is not simply a policy objective, it is a force for transformation. It strengthens institutions, drives innovation and ensures that progress is inclusive, resilient, and sustainable."
Mona Al Marri, Vice President of the UAE Gender Balance Council, highlighted that "regional collaboration drives progress".
"By uniting to promote gender balance, we amplify our collective impact and ensure that every woman in the GCC has the chance to contribute to shaping a more inclusive future," she added.
Since its establishment in 2015, the Council has led policies, legal reforms and partnerships aimed at embedding gender balance across national institutions and economic systems.
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Dubai Eye
4 hours ago
- Dubai Eye
GCC policy dialogue to promote women's leadership in workforce
A policy dialogue on women's economic empowerment concluded in Dubai, with GCC countries backing efforts for joint legal reforms, childcare investment and enhanced knowledge exchange across institutions. Led by the UAE Gender Balance Council and the World Bank, the workshop brought together leaders from the UAE, Saudi Arabia and Bahrain to share strategies aimed at expanding women's participation in the workforce, particularly through support for childcare and maternity policies. The UAE emphasised its initiatives to enhance gender balance in the labour market, Saudi Arabia outlined advances in workforce participation and social insurance for women and Bahrain showcased national upskilling programs and empowerment strategies. A joint brief was presented to guide future cooperation, marking a key step toward building inclusive, opportunity-driven economies across the region. Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, said, 'Women's economic empowerment is not simply a policy objective, it is a force for transformation. It strengthens institutions, drives innovation and ensures that progress is inclusive, resilient, and sustainable." Mona Al Marri, Vice President of the UAE Gender Balance Council, highlighted that "regional collaboration drives progress". "By uniting to promote gender balance, we amplify our collective impact and ensure that every woman in the GCC has the chance to contribute to shaping a more inclusive future," she added. Since its establishment in 2015, the Council has led policies, legal reforms and partnerships aimed at embedding gender balance across national institutions and economic systems.


Khaleej Times
6 hours ago
- Khaleej Times
Smart tips, must-buy deals: How to shop at Dubai Summer Surprises like a pro
Sales shopping is absolutely on trend this season. Not only does the Dubai Summer Surprises (DSS) mascot Modesh dress exclusively in this season's hottest hue, yellow, but years of price increases at luxury brands have started to result in consumers laying down their credit cards and refusing to kowtow to escalating price tags. Last month, Chanel announced a 4.3 per cent fall in sales, its first decline since 2020, a period that also the saw the price of its iconic Classic Flap Bag almost double in price. A Medium Chanel Classic Flap Bag now costs approximately Dh42,720, up from around Dhs18,000 in 2016. Similar revenue declines have been seen across legacy luxury brands, with Louis Vuitton and Dior owner LVMH reporting a five per cent drop in sales of fashion and leather goods in the first quarter of 2025. Admittedly, Dubai and the wider GCC are bucking this trend. Chalhoub Group reported luxury fashion sales across the region have increased 11 per cent in the first three months of 2025, far outpacing global performance. But in a region where shopping is a national sport, particularly in the summer months when airconditioned malls offer welcome respite from the heat, we are wired to hunt down the best bargains, not at any cost, but at the chicest cost. However, with discounts of up to 90 per cent promised across DSS, which kicks off next weekend on June 27, it can be tempting to snap up ill-considered styles, just because the price drop is so steep. So, because girl math can quickly spiral when faced with a slashed-to-the-navel price tag, here are my rules for a successful DSS shopping spree. PREP YOUR WISH LIST If you wouldn't pay full price, it's not a bargain. Create wish lists in your favourite stores' websites throughout the season, adding only pieces you would pay full price for (were it not for school fees, rent, kids' activities etc devouring your budget). Then, when discounts are applied, you can easily identify the styles that deserve a share of your wallet. You'll also be alerted if a sold-out piece in your size comes back into stock. It might be 80 per cent off. Likewise, become WhatsApp friends with shop floor sales associates. Dubai's high-end stores offer exemplary customer service and staff will often be happy to send you a message when items you love go on sale. BUY BETTER… Buy less, buy better is a mantra often repeated, yet hard to stick to in the proliferation of disposable fast fashion, tempting social media ads, and price polarisation as the cheap gets cheaper — even in the face of tariffs — and the expensive gets even more out of reach (to wit, the Chanel Flap Bag mentioned above). Don't use sale periods as your chance to stock up on arm loads of already cheap clothes that won't bring you lasting joy. Instead, one or two incredible, well-made, thoughtful pieces that you'll wear, love and feel special in, from brands you wouldn't normally be able to afford, is the goal. No Labubu required. … AND BUTTER (YELLOW) One trend I will be buying into on sale is a fashion secret long known by the face of DSS. Yellow. Modesh has been wearing it since 1997. Notoriously tricky to get right, leave acid brights to cartoon characters such as Modesh, his sidekick Dana, SpongeBob et al. A soft, creamy butter shade that recalls dappled sunlight offers a contemporary take on summer pastels. If you are drawn to a bright yellow, I like it for an unexpected twist on formalwear, such as the Roksanda taffeta dress shown here. Like a magpie, I am without fail drawn to the glamorous allure of evening wear, and because of its higher starting price tag, DSS discounts appear even more tempting. Ironically, I also resent leaving the house after 7pm. A dichotomy that leaves me with a wardrobe full of (heavily discounted) gowns and little opportunity to wear them. If you too are tempted by evening wear, look for timeless silhouettes with a contemporary twist and a classic palette that will be relevant five, 10 years from now. Try Turkish brand The New Arrivals by İlkyaz Özel, and Lebanese brand Monot. And if you'd rather spend your evenings with Netflix and Deliveroo, invest in a pair of luxe Eberjey PJs instead. GOOD JEANS Denim is the trend that never dies. Pre-sale, identify your dream denim brand, fit and finish and strike when the price gets reduced. Department stores such as Harvey Nichols, Bloomingdale's and That Concept Store offer a broad range of brands under one roof to compare and contrast. Area's party jeans — with crystal-trimmed cut-outs — are brilliant, but expensive. For everyday denim, I rate Agolde and L'Agence for classic straight-leg fits, and Citizens of Humanity for a more directional horseshoe leg. A touch of stretch and a lightweight fabric is far more suited to a UAE summer than rigid, heavyweight denim. Finally, the reason celebs look so good in their jeans? Tailoring. A department store will do this for you or you can visit your local tailor. Most of my purchases are finessed by Hazel and her team at Thread Up on Wasl Road. WHAT WOULD J-LO DO? As a woman in my mid-40s I see a big divide among women my age as we approach middle age. Like our mums before us, we inexorably revert to high street heavyweights, such as Marks and Spencer and Next, with their elastic waistbands, crease-free fabrics and stain-concealing prints. I have nothing against M&S and Next, per se (the sheets and underwear are really good), but we have so much more choice than our mothers. My yardstick is 55-year-old Jennifer Lopez; if I can't imagine her wearing it, I'll pass. In the UK, disruptor brands such as Me + Em and Holland Cooper have quietly moved the dial around how women over 40 'should' dress, combining the practicality of an M&S staple with sleek styling that feels elegant and expensive. I also rate Next-owned Reiss's Atelier line, which launched two years ago and bridges high street and designer. The fabrics are unparalleled, and come with a price-tag to match. I'll be stocking up when they go on sale this summer. Race you to the 'Alex' utility jacket.


Zawya
7 hours ago
- Zawya
World Bank Group considers $500mln boost for South Africa's transmission expansion
The World Bank Group is considering financing $500 million of South Africa's participation in a new credit guarantee facility meant to unlock private financing for a massive transmission grid expansion plan, a senior bank official told Reuters. South Africa is courting private investment for an ambitious plan to add 14,500 km of new lines and enhanced transformer capacity over the next decade, at an estimated total cost of $25 billion, as it looks to emerge from a decade of crippling power cuts that have battered the economy. The proposed credit guarantee vehicle aims to help overcome transmission infrastructure bottlenecks that have held back some 20 gigawatts of renewable energy from connecting to the national electricity network, according to Standard Bank. Many of the renewable projects are situated in the sun-baked Northern Cape or windswept Western and Eastern Cape regions, far from existing transmission corridors linking most of South Africa to the coal-powered generation plants in the north. Operating as a stand-alone entity, the credit guarantee vehicle would issue guarantees instead of South Africa's treasury and would cover payment defaults, for instance, should something go awry during the roll-out. "We could cover or be committed to finance half a billion U.S. dollars of the government of South Africa's first loss or junior capital participation," Yadviga Semikolenova, a senior World Bank manager, said late on Thursday. South Africa has sought not to put further pressure on its strained finances by offering additional sovereign guarantees, as it faces lacklustre growth, high debt-servicing costs and the failure to agree a VAT hike within the government coalition this year. The treasury has committed to providing junior or first loss capital of 20%, which will be an initial $100 million before moving up to $500 million. The credit guarantee vehicle aims to eventually grow to $2.5 billion, an April 4 treasury document shows. The document, seen by Reuters, details a package under discussion with the World Bank Group that includes a loan from the International Bank for Reconstruction and Development to finance the treasury's junior capital and a potential $100 million direct injection from the International Finance Corporation. The bank's Multilateral Investment Guarantee Agency is also considering reinsurance and political risk cover. Approval from the World Bank Group board was expected later this year, treasury officials said. The treasury said in April it had sought backing for the facility from several development financiers, including the Development Bank of Southern Africa, African Development Bank, Germany's KfW and British International Investment. The DBSA said it was considering participating while BII said it could not comment on any transaction that it has not made a commitment to or announced. (Reporting by Wendell Roelf; Editing by Tim Cocks and Alison Williams)