54% of women in Middle East and North Africa region lack understanding of investments, survey reveals
The notable trend of women amassing wealth and gaining prominence as investors is striking. Their wealth is presently experiencing a faster growth rate compared to men, and projections suggest it could reach 35% by 2025. This reflects an annual growth rate of 5.7%, surpassing the 5.2% growth rate observed for men.
As we anticipate the coming decade, it is essential to acknowledge the emerging trends for women in the MENA region. Identifying advancements in financial inclusion, entrepreneurial aspirations, and business education can empower women and play a role in fostering the economic growth of the region.
According to a study conducted by the Swiss banking group UBS, over half (54%) of women in the Middle East and North Africa perceive their understanding of investments as low, despite the exponential growth of their wealth in the region. UBS surveyed in partnership with Women in Business Arabia.
The Women and Investing in Mena report revealed that approximately 38 per cent of women in the region considered their investment knowledge to be at a medium level, while only 7.5 per cent regarded it as high.
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. It reveals that 62 per cent of those surveyed express a desire to become more actively involved in investing.
According to the Boston Consulting Group, women’s wealth in the Middle East, which amounted to $786 billion in 2020, is projected to experience a compound annual growth rate (CAGR) of 9 per cent. The report anticipates that it will reach $1 trillion by the year 2023. The expansion of women’s wealth in the Middle East raises further considerations and
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