In developing MENA economies, only 42% of women have access to a financial account, compared to 54% of men
In developing MENA economies, only 42% of women have access to a financial account, compared to 54% of men
In developing MENA economies, only 42% of women have access to a financial account, compared to 54% of men—marking the widest disparity in the world and twice the average gap seen in other developing regions.
Financial independence gives women the tools to “shape their futures with autonomy and confidence,” says Shereen Tawfiq, Founder and CEO of BALINCA, a business and financial training company.
Patrycja Oselkowska, Deloitte Middle East Growth Leader, emphasizes that women’s financial independence has a direct impact on household spending power.
Marketa Simkova, Head of People, Performance and Culture at KPMG Lower Gulf, cites The World Bank report estimating that increasing female labor participation in the GCC could boost Saudi Arabia’s GDP by up to 47%.
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