The report, based on a survey of over 600 women in the Mena region, indicates an opportunity to promote investment literacy among women in the Middle East. The expansion of women’s wealth in the Middle East raises further considerations and inquiries. Economic empowerment: The surge in growth signifies that women in the region are acquiring economic influence and achieving greater financial autonomy. This might encompass disparities in inheritance laws, restricted availability of financial education, and cultural norms that discourage women’s involvement in financial decision-making. The previous UBS research indicates that a 10 per cent gender pay gap can result in a 40 per cent gender wealth gap, which increases to 85 per cent for a 20 per cent gender pay gap.

Source: The North Africa Journal February 19, 2024 12:04 UTC