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Yesterday, Melinda Gates announced plans to invest $1.5 billion in projects to support maternal health abroad. She explained: "Policymakers in both rich and poor countries have treated women and children, quite frankly, as if they matter less than men." [AP] More »
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Despite some Western stereotypes of submission and meekness, Time reports that Arab women are the world's most confident, bullish female investors. They are "the most secure in their knowledge of estate and retirement planning." In fact, according to Time magazine's Carla Power, "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 the International Finance Corporation, an arm of the World Bank, found that a third of women-owned enterprises in the United Arab Emirates generated over $100,000 a year, versus only 13% of American women-owned firms." (Saudi women, who have women-only banks that cater to their financial needs, are also day-trading online in growing numbers.) More »
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