Saxo Bank provides platform for Emirati women to embrace online trading potential
Saxo Bank, the online multi-asset trading and investment specialist, today marked the third annual Emirati Women’s Day with the launch of an online trading programme for UAE women which aims to further enhance women empowerment in the country.
Launched in 2015 by HH Sheikha Fatima bint Mubarak, Chairperson of the General Women’s Union, President of the Family Development Foundation, and Chairperson of the Supreme Council for Motherhood and Childhood, Emirati Women’s Day recognises the contribution of UAE women in the development and progress of the country.
Women continue to play an increasingly crucial role in the country’s decision-making. Eight of the country’s 29 ministerial heads are women, while women make up 22 per cent of the country’s parliament, the Federal National Council (FNC). As the Speaker of the FNC, Dr. Amal Abdullah Al Qubaisi, is the first woman to head a parliamentary institution in the region.
With more Emirati women opting to forge their own path as industry decision-makers, business leaders, entrepreneurs and investors, Saxo Bank’s Emirati Women’s Day initiative, which is scheduled for rollout in the final quarter of 2017, aims to educate UAE women in online trading and help them make a mark in a traditionally male-dominated sector.
Saxo Bank has witnessed a growing trend of female traders in the UAE in recent years, with 10 per cent of all accounts opened in 2016 registered to female users - compared with eight per cent in 2015 and 6.5 per cent in 2014. And the firm believes there is an opportunity for women in the emiratees to capitalise on the country’s commitment towards female empowerment and forge a strong position in online trading.
“Emirati Women’s Day is a milestone date in the country’s calendar. The UAE is more than a regional leader in recognising the role of women in society, the country is also a regional weathervane for developing women empowerment and encouraging more women to pursue leadership roles,” said Mario Camara, Head of MENA region for Saxo Bank. “In line with the visionary approach of the UAE’s leadership, we want to encourage Emirati women to make their own financial decisions and understand how to make the right decisions that will enhance their personal investments and professional development.”
During the programme, which is free of charge for Emirati women, Saxo Bank experts will deliver a comprehensive introduction to the markets and participants will undergo various aspects of practical learning, including operating demo accounts on Saxo Bank’s trading platforms without risking their personal wealth. Participants will also be able to interact with live Saxo Bank traders on the Saxo Bank website.