Women Empowered Through Business in the Middle East

On February 26, Al Iktissad Wal Aamal Group and Al Hasnaa Magazine hosted the 7th New Arab Women Forum (NAWF) in Beirut, Lebanon. Themed “Empowerment through Entrepreneurship and Innovation,” the event focused on women entrepreneurs and how they can help foster economic growth and employment in the region.

The event brought together regional leaders to discuss such topics as challenges faced by women, personal experiences and advice, which proved to be an insightful and motivational discussion for attendees.

For us here at WOMENA, some of the biggest takeaways from this event were the following statistics  revealed by panelists:

  • 60% of Zoomal’s projects are started by women, because “in my opinion women have better communication skills and determination”- Abdalla Absi, Lebanon, Zoomal
  • 30% of startups founded by women have more than 50 employees, and 15% have less than 10 employees. – Rana Salhab, Lebanon, Deloitte.
  • 100 billion dollars in Saudi banks [are] owned by women – Rana Salhab, Deloitte
  • Around 1700 entrepreneurs applied to Oasis500 programs, an equal percentage of which were men and women. – Youssef Hamidaddin, CEO Oasis500 Jordan
  • 38% of women are researchers in science and tech in MENA, versus 30% in Europe. – Bettina Bastian, Professor of Management and Entrepreneurship, American University of Beirut

For more information about how you can contribute to economic growth and employment as a woman angel investor, please contact us and follow us on Twitter and Instagram to keep up-to-date with WOMENA!

Adapted from Wamda.