Al Hilal advances to AFC Champions League knockout stage despite 1-1 draw with Al Sadd    Finance minister: All Vision 2030 projects have sustainable funding that won't affect public finances    Crown Prince announces medium-term debt strategy to diversify funding sources "A resilient economy capable of overcoming challenges reflects progress towards achieving Vision 2030 goals"    'No excuses' for Israel to not accept ceasefire deal, EU foreign policy chief says    Alkhorayef highlights role of National Initiative for Global Supply Chains in boosting Saudi economy    Saudi Arabia signs investment deals worth SR35bn with foreign firms to strengthen global supply chains    Saudi Arabia unveils updates on Expo 2030 Riyadh master plan at 175th BIE General Assembly Riyadh Expo Development Company established to oversee strategic planning, operations, and legacy development    Riyadh Season draws 8 million visitors in 6 weeks    Saudi FM attends Quadripartite meeting on Sudan in Italy    Gangsters block aid distribution in south Gaza    Russian deserter reveals war secrets of guarding nuclear base    Georgia's new parliament opens first session amid mass protests and boycott    Best-selling novelist Barbara Taylor Bradford dies    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Do cigarettes belong in a museum?    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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



Paving the investment way for Saudi businesswomen
Sabria S. Jawhar
Published in The Saudi Gazette on 29 - 07 - 2009

Saudi businesswomen have found themselves in a position that may make a lot of people uncomfortable.
What's hardly news to Saudi women but may come as a surprise to the West is that Saudi businesswomen carry tremendous influence in the Kingdom despite the disadvantages they face. Equally important is that this influence allows women to work around the obstacles that have become symbols of our so-called “oppression” in Western circles.
Indeed, Saudi women must navigate the slippery slope of Saudi society. The obvious issues of driving, male guardianship and the challenges of running our own businesses remain, but it's by no means a cultural prison.
The reason is simple: Money talks.
John Esposito, who wrote last year “Who Speaks for Islam: What a Billion Muslims Really Think,” has come up with some useful information that busts the stereotypes that are stated so often that many people now take as the truth.
Esposito, an Islamic affairs professor at Georgetown University and a rare Western scholar who can write about Islam with a clear head, estimates that 70 percent of the savings in Saudi banks are owned by women.
Time magazine last year pegged the value to be at about $11 billion. That ought to wake up those who feel Saudi women are under men's thumb. In addition, a great deal of the real estate in Jeddah and Riyadh are owned by women, while 61 percent of Kingdom's private businesses are owned by women.
Give or take the 5 percent or so for margin of error in Esposito's study, his findings nevertheless place women in a position of calling the shots both at home and in the workplace. This doesn't open the floodgates for women to do as they please and reward or punish their husbands by withholding the pocketbook when he wants that new Ferrari.
It's true that many businesswomen have given up operating business because the climate is often unfriendly. Part of the problem is finding a trustful male agent to represent a female-owned business while dealing with various Saudi agencies.
And two years ago more than 200 Saudi businesswomen complained that the Ministry of Labor continued to place obstacles in their path that hinders progress. They urged an overhaul of the system to ease those hurdles. Many Saudi businesswomen find a way around these obstacles. And one way is to take their business elsewhere, such as another Gulf country that appreciates the impact Saudi-owned business can have on their own economy.
It's perhaps that Saudi women have managed to work the system so well that the interest in women's equal rights doesn't rise to the level that activist organizations so desperately hope for. This is not to say that Saudi women do not want equal rights. To the contrary, but when women have worked so long and have become so adept to managing the daily hurdles thrown in their path, the response often is, “Well, yes, but I have work to do …”
But consider Esposito's other findings: Sixty-one percent of Saudi women want the same legal rights as men. A majority opinion that was unheard of 10 years ago. Not surprisingly, 69 percent of the Saudi women want the right to work outside the home.
Money has empowered the Saudi female to a degree that had not been considered a decade ago. The difference today is that Saudi businesswomen have the tools necessary to grow their businesses and hire more women to help run them.
The fact that three-quarters of the female population want the opportunity to work outside the home is not only indicative of their desire, but also the potential to accomplish their goals in the business community.
If the growing numbers of Saudi women who want to work outside the home join businesswomen willing to give them jobs, then there is no limit to the kind of influence Saudi women can wield.
Whatever be the case, Saudi businesswomen still have the upper hand. They can take their money out of the bank and invest it elsewhere. – SG
The writer can be reached at: [email protected] and her blog is: www.saudiwriter.blogspot.com __


Clic here to read the story from its source.