Word: financees
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This all dovetails neatly with regional mantras about the need to empower women. "Middle Eastern society has come to terms with the fact that in order to develop, it has to walk the talk of liberalism," says Florence Eid, a Middle East partner at American hedge fund company Pantera Capital...
A lot of it. The Middle East Economic Digest estimates that Gulf women control around $246 billion, projected to hit $385 billion by 2011. In Saudi Arabia, women own about a third of brokerage accounts and 40% of family-run firms, albeit often as silent partners. A 2007 study by...
Far from being the pampered, disenfranchised creatures of media legend, Arab women are increasingly savvy about finance. Last year, a Barclays Wealth survey found that Arab women are the world's most confident about investing in funds, and the most secure in their knowledge of estate and retirement planning.
''For my country and my people,'' Mexican President Miguel de la Madrid Hurtado wrote in an advertising supplement, ''(the World Cup) will give us a chance of showing the world the reality of Mexico.'' So, alas, it has. When the President stepped forward before 300 million TV viewers around the...
''I have absolutely no sense of guilt, no reproach whatever to myself.'' With that, the former Haitian dictator Jean-Claude (''Baby Doc'') Duvalier, 35, insisted last week in an ABC interview from his rented villa on the French Riviera that he could not be blamed for the plight of his...