logo
UAE tops GCC in women's board representation: Heriot-Watt Report

UAE tops GCC in women's board representation: Heriot-Watt Report

Al Etihad29-04-2025

29 Apr 2025 15:27
DUBAI (WAM)A new report released by Heriot-Watt University has confirmed that all GCC countries have seen year-on-year growth in the representation of women on public company boards, with the UAE topping the list at 14.8 percent. The UAE accounts for 185 out of 1,248 board seats, compared to 10.8 percent in 2024, marking a 37 percent increase.The report, launched in collaboration with Aurora50, is the second edition of the GCC Board Gender Index, and reveals a doubling of women's representation on boards since 2024. As of January 2025, the percentage stood at 6.8 percent, compared to 5.2 percent the previous year — or 379 out of 5,535 board seats across 729 public companies in the region.According to the report, Bahrain ranked second with 8.5 percent (30 out of 353 seats), followed by Oman at 6.6 percent (56 of 849 seats), Kuwait at 5.5 percent (52 of 946 seats), Saudi Arabia at 2.9 percent (53 of 1,809 seats), and Qatar at 2.8 percent (13 of 459 seats).The report, published annually each April, serves as a regional benchmark and analytical tool to track trends, challenges, and opportunities in achieving gender balance on boards, amid growing commitments to inclusive governance practices among public companies in the GCC.Commenting on the launch of the report, Her Highness Sheikha Shamma bint Sultan bin Khalifa Al Nahyan, Director of Aurora50, said, 'When Aurora50 launched in 2020 with a vision to achieve gender balance on boards, just 3.5 percent of board seats in the UAE were held by women. As we celebrate our fifth anniversary, it is encouraging to see this number rise more than fourfold to 14.8 percent — and close to 7 percent region-wide — highlighting the impact of our collective efforts.'She added, 'Tracking this progress through the Board Gender Index is vital to building and sustaining a strong pipeline of female talent at all levels. Our second report with Heriot-Watt University Dubai supports the drive for gender balance not only in the UAE but across the entire GCC. In line with the vision of the UAE leadership, Aurora50 remains committed to paving clear pathways for women to reach board positions, ensuring diverse and inclusive representation across our institutions. This remarkable transformation in just five years affirms the UAE's global leadership in gender balance.'Professor Heather McGregor, Provost and Vice Principal of Heriot-Watt University Dubai, said, 'Since moving to the UAE in 2022, I've continued my research into gender balance on public company boards, with a focus on the GCC. As Heriot-Watt marks 20 years in Dubai this year, we are proud to continue our partnership with Aurora50 on this important initiative.'She added, 'The UAE's notable progress represents a crucial step towards achieving gender parity on boards. Through our collaboration with Aurora50, I remain committed to tracking this evolution and providing credible data to support continued advancement.'
The GCC Board Gender Index Report 2025 can be accessed on the Heriot-Watt University Dubai website, and will be updated annually until 2027, as part of a joint research project with Aurora50, aimed at creating a searchable database and advancing diversity and equality efforts across the region through consistent data publication and analysis.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

What's new in UAE this July: Visa-free travel, remote work, new health law
What's new in UAE this July: Visa-free travel, remote work, new health law

Khaleej Times

timean hour ago

  • Khaleej Times

What's new in UAE this July: Visa-free travel, remote work, new health law

The UAE is rolling out several important changes this July that could impact every aspect of your daily life, from visa-free travel rules to how you work or run a business. Planning a summer trip? There are new visa rules you might want to know. Running a business? Emiratisation deadlines are here. And if you want to quit cigarettes, you will want to check the latest tobacco-free nicotine pouches that will be available soon. From health regulations to flexible work options and public health updates — here's a quick and easy guide to what's changing this month and how it might affect you. Visa-free travel to Armenia Armenia will offer visa-free entry to residents of the UAE starting July 1. Travellers' residency visas must be valid for at least six months from the date of entry. Previously, only UAE nationals could travel visa-free to the landlocked country, while residents were eligible for a visa on arrival. The new visa-free policy enables travel for tourism, leisure, or business purposes without a visa for stays of up to 90 days within any 180-day period. It applies to all passport holders from the Gulf Cooperation Council (GCC) and to individuals holding a valid residency permit issued by any of the six Gulf countries. Stay up to date with the latest news. Follow KT on WhatsApp Channels. Emiratisation deadline Private sector companies employing 50 or more workers have until Monday, July 1, 2025, to meet the mid-year Emiratisation targets. According to a final reminder issued by the Ministry of Human Resources and Emiratisation (MoHRE), companies to ensure that at least 1 per cent of their skilled workforce comprises Emiratis for the first half of the year, part of the UAE's strategic national plan to increase Emirati participation in the private sector. Mohre will also check whether companies are meeting other related requirements, including registering Emirati employees with the social security fund and consistently paying the required contributions. Flexible summer schedules in Dubai Starting July 1, government employees in Dubai will shift to a four-day work week or reduced summer hours under the 'Our Flexible Summer' initiative. The initiative aims to improve work-life balance and productivity, and it will run until September 12, 2025. Employees will be divided into two groups, with the first group expected to work eight hours from Monday to Thursday and enjoy Friday as a full holiday. Meanwhile, the second group will work seven hours from Monday to Thursday and 4.5 hours on Friday. This is not the first time such an initiative has been announced. Last year, the Dubai government launched the campaign at 21 government entities from August 12 to September 30. Ajman will implement a new summer work policy for government employees this year, introducing remote work on Fridays and shortened weekly office hours, effective from July 1 to August 22, 2025, on Mondays. All public sector employees in the emirate will work remotely on Fridays, with weekday hours reduced by one hour. Employees will work from 7.30am to 2.30pm, Monday through Thursday. However, government entities have been directed to implement flexible internal arrangements to ensure the uninterrupted delivery of essential public services. A new UAE law coming into effect on July 29 will legalise the sale of tobacco-free nicotine pouches. The pouches are small, smokeless products that contain nicotine but no tobacco is being introduced to support individuals looking to quit smoking. Nicotine is an addictive substance. These pouches release dopamine, the 'feel-good hormone', which helps reduce cravings and withdrawal symptoms, thereby aiding smoking cessation. New health law for Dubai Dubai has enacted a new law to curb the spread of infectious diseases that will come into effect in late July. It aims to minimise health risks by controlling the spread of communicable diseases and regulating travel for individuals with such conditions. Individuals infected with or suspected of having an infectious disease are required to avoid contact that could spread the illness. They must refrain from travelling or moving, except to healthcare facilities, without the approval of the Dubai Health Authority (DHA). The law also prohibits concealing infections or spreading them, whether intentionally or unintentionally. School summer holidays Schools in the UAE are gearing up for the long summer holidays, which typically begin in early July and last until the end of August. Most schools follow the academic calendar set by the Ministry of Education or respective educational authorities like KHDA (Dubai) and Adek (Abu Dhabi). As schools across the UAE begin their long summer break, working parents often lookout for summer camps to keep their children productively engaged during the two-month holiday. With families staying in the country to avoid peak travel costs or work commitments, summer camps have become a vital solution, offering children a structured environment to learn new skills and stay active. At the same time, many families also travel abroad to cooler climes, either to escape the sweltering summer heat or to spend time with relatives, making the most of the extended school break. The UAE enforced a ban on outdoor work under direct sunlight from 12.30pm to 3pm daily for three months, starting June 15. This midday break initiative, introduced to protect workers during the country's peak summer heat, will continue through July until September 15, 2025. Companies found violating the rule face a fine of Dh5,000 per worker, up to a maximum of Dh50,000 if multiple workers are involved.

GCC Power Grid Expansion Bolstered by Dhs752m Abu Dhabi Loan
GCC Power Grid Expansion Bolstered by Dhs752m Abu Dhabi Loan

Arabian Post

time2 hours ago

  • Arabian Post

GCC Power Grid Expansion Bolstered by Dhs752m Abu Dhabi Loan

Abu Dhabi Fund for Development has advanced regional energy integration by extending AED 752 million to the Gulf Cooperation Council Interconnection Authority, supporting the expansion of the UAE's national grid interconnection with the wider GCC electricity network. This strategic financing, signed at ADFD headquarters in Abu Dhabi, aims to enhance cross-border power exchange and reinforce regional energy reliability. The deal facilitates construction of a 96 km, 400 kV double-circuit overhead transmission line between the Al Silaa substation in the UAE and Salwa in Saudi Arabia. It also covers upgrades to the Gonan, Al Silaa and Salwa substations, including installation of next-generation switchgears, circuit breakers, reactors, and modern protection-control systems. These enhancements are expected to elevate transmission capacity from 2,400 MW to 3,500 MW. Mohammed Saif Al Suwaidi, director-general of ADFD, emphasised the fund's role in supporting high-impact infrastructure aligned with national priorities and facilitating the transition to cleaner energy. He described the initiative as a 'strategic enabler of energy security' that will boost grid efficiency, enhance emergency readiness, strengthen partnerships across the Gulf, and enable wider integration of renewables. ADVERTISEMENT GCCIA CEO Ahmed Ali Al Ebrahim hailed the agreement as the first phase of a regional programme that includes grid connections with Kuwait, Oman, and southern Iraq, with total investment expected to exceed $1 billion. He also projected that expanding transmission capacity could unlock economic opportunities valued at more than $20 billion over the next 15 years. These initiatives are central to the GCCIA's vision of forging a resilient, interconnected power system. Technical and economic feasibility studies have underpinned the project design, ensuring it meets anticipated future demand. This expanded interconnection supports the UAE Energy Strategy 2050, which targets a sustainable and cost-efficient energy ecosystem, and aligns with collective GCC goals for energy security, economic integration, and emissions reduction. The upgrades are also set to enhance grid reliability and operational flexibility. The new 400 kV lines and upgraded substations, equipped with advanced protection and control technologies, will improve performance under stress and during emergencies, reinforcing stability across the network. By facilitating cross-border electricity trade, the project lays groundwork for a unified Gulf electricity market. Al Ebrahim asserted this could open up significant economic potential, projecting gains exceeding $20 billion over 15 years. The broader vision embraces enhanced integration of renewable energy, helping GCC states meet sustainability objectives. Regional interconnection enables efficient distribution of solar and wind-generated power, addressing demand variations and curbing carbon emissions in line with global climate commitments. ADFD's financing reflects its established track record in backing infrastructure and development projects through concessionary loans. Established in 1971, the fund has supported both domestic UAE goals and international aid initiatives. GCCIA, the body responsible for coordinating the Gulf's interconnection system, currently links Kuwait, Saudi Arabia, Bahrain, Qatar and the UAE. The expanded network capacity will enhance its technical resilience and capacity to support growing electricity needs, including future peaks and evolving regional dynamics.

Gulf's stock exchanges meet with global investors to explore long-term opportunities
Gulf's stock exchanges meet with global investors to explore long-term opportunities

Zawya

time20 hours ago

  • Zawya

Gulf's stock exchanges meet with global investors to explore long-term opportunities

Doha: Over 300 global institutional investors met with all bourses from the Gulf Cooperation Council (GCC) and over 100 GCC corporates at HSBC's GCC Exchanges Conference in London between 16-19 June as investors explore the Gulf's reform-driven growth and maturing capital markets. Now in its fourth year, conversations at the Conference focused on the GCC's record IPO pipeline, deep sovereign and corporate bond markets, and expanding private credit platforms – which have been underpinned by strong fiscal buffers and multi-year economic transformation agendas. The continued liberalisation of GCC financial markets and the introduction of privatization programmes by GCC governments are converging at a time when investors are seeking diversification from global volatility. GCC capital markets were resilient in the first quarter of the year with IPO proceeds 33% higher compared to the first quarter of 2024, despite a slowdown in issuances globally. [1] Qatar Stock Exchange Listed Companies reported QR 13.22 bn net profits for Q1, 2025 which showed continues growth year on year. [2] Abdul Hakeem Mostafawi, CEO of HSBC Qatar said: 'Global investors are recalibrating for resilience and the GCC's balance sheet strength and robust financial markets ecosystem has positioned the region as an increasingly credible alternative. Qatar Stock Exchange continues to invest in sophisticated platforms and investment tools to reinforce its competitiveness and strengthen investors' confidence.' Senior officials who also attended the event included Abdullah Mohammed Al Ansari -CEO of Qatar Stock Exchange, Dr. Tamy Bin Ahmed Al-Binali - Chief Executive Officer Qatar Financial Market Authority, and Sheikh Mohammed bin Jassim Al Thani -Chief Executive Officer Edaa. Abdullah Muhammad Al Ansari, CEO of Qatar Stock Exchange, stated: 'We commend HSBC's continued commitment to convening key stakeholders and global investors around the Gulf's evolving capital markets. At Qatar Stock Exchange, we remain focused on enhancing our market infrastructure and broadening access to sustainable investment opportunities that support both regional growth and investor diversification.' This year, for the first time, HSBC brought together Emerging Market Macro Strategists with GCC attendees, as EM investors dial-up their exposure to the Gulf's capital markets driven by strong GDP projections relative to the broader EM pool. Media enquiries to: Greta Madgwick Mai Salem maisalem@ HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store