Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    US employment cost index 3.6% up in year to June 2025    Egypt welcomes Canada, Malta's decision to recognise Palestinian state    Pakistan says successfully concluded 'landmark trade deal' with US    Sterling set for sharpest monthly drop since 2022    Egypt, Brazil sign deal to boost pharmaceutical cooperation    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian women thriving more in business than in politics
Published in Daily News Egypt on 03 - 11 - 2007

CAIRO: Have women in business managed to accomplish what their counterparts in politics were not able to achieve? former Member of Parliament, Mona Makram Ebeid, posed this question during a debate at the American University in Cairo on Wednesday.
Ebeid started the debate by highlighting the global growth in the number of women in the business field, making businesswomen one of the global economic forces that policymakers can t afford to ignore.
Ebeid attributed the impressive growth in the number of women doing business in Egypt, especially in small and medium-sized enterprises, to the slight improvement in training and education of women, which shows that women, when given the opportunity, can prove themselves and excel in their fields.
Despite this improvement, many of women s small and medium-sized businesses closed down, only a short while after their inception, due to lack of access to knowledge, technical assistance and financial credit, she said. Education is supposed to tackle these issues, nonetheless it is completely absent from the National Democratic Party s upcoming conference agenda.
In politics, the situation is even worse, as the number of women decision makers in the cabinet and parliament is only 11 out of 454, Ebeid said. According to research, there is still considerable resistance to hiring women in managerial positions among men, even though Egyptian law prohibits any sort of discrimination.
Hala El Said, who has been in charge of upgrading the capacity of the Central Bank of Egypt and the financial sector at large since January 2003 in her capacity as executive director of the Egyptian Banking Institute, believes that Egypt is still lagging behind in terms of empowering women to enter the business field.
Internationally, women workers comprise nearly half of the labor force, compared to 28 percent in Arab countries, even though women account for 49 percent of the Arab population, said El Said.
This exclusion of women ultimately leads to a reduction in the potential welfare of the family, and dependence on only one person, she added.
The number of women occupying top level positions in different fields in Egypt has increased from 7 percent in 1998 to 25 percent in 2006, she said. Statistics show that women have more opportunities in the fields of education, media and banking, while the fields with the lowest number of women in top-level positions were agriculture, transport, communications, aviation and public service.
Today, many women occupy the positions of CEO of Egyptian banks and chairperson in several financial institutions. There are two women on the boards of the top 30 companies listed in the Cairo and Alexandria Stock Exchange, she observed.
El Said listed many challenges that women face when trying to get into the business field in developing countries. They include the informal referral system which still persists among men, the negative effect of accumulated values and cultural assumptions about women s roles, and the fear among CEOs that women will bring a women s agenda as opposed to a general agenda of increasing shareholder value and company profit margins.
Investment in education is the key to empowering women, El Said added. Women have to be informed about legal and commercial issues, marketing possibilities and information and communication technologies.
She also called for increasing women quotas in chambers of commerce, unions, municipalities and parliament. In Norway, for instance, companies will be forced to close down if their boards do not have a representation of 40 percent women by the end of 2007, she said.
We don t have empirical data to support whether women are more successful in politics or economics, said Loula Zaklama, president and managing director at Rada Research and Public Relations Company.
While women entrepreneurs comprise 44 percent of the total number of entrepreneurs in the US, 30 percent in the EU and 20 percent in China, in the Arab countries women comprise only 12 percent of the total number of entrepreneurs, Zaklama said.
Zaklama believes that one of the main reasons behind Egypt's higher rankings in the World Bank s Ease of Doing Business report was the increase in the percentage of women among employees and entrepreneurs.
Women in politics aren t doing any better either, Zaklama noted, while a country like Rwanda came out as the top country in the global ranking of women in national parliaments, with women filling 48.8 percent of its parliamentary seats, Egypt was at the bottom of the rankings, with 2 percent of parliamentary seats occupied by women.
I believe that women can be more successful in business than politics because the latter is not a clean business, and it s about who you know, not what you know. Unlike in business, mistakes in politics are fatal and the success factors are not under your control that much, she said.


Clic here to read the story from its source.