Gender Workplace Equality 257 Years Away: WEF

The WEF, which looked at a variety of factors including opportunity and pay, said it would take 257 years before there was equality in the workplace | AFP
The WEF, which looked at a variety of factors including opportunity and pay, said it would take 257 years before there was equality in the workplace | AFP
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Gender Workplace Equality 257 Years Away: WEF

The WEF, which looked at a variety of factors including opportunity and pay, said it would take 257 years before there was equality in the workplace | AFP
The WEF, which looked at a variety of factors including opportunity and pay, said it would take 257 years before there was equality in the workplace | AFP

Women may have to wait more than two centuries for equality at work, according to a report on Tuesday showing gender inequality growing in workplaces worldwide despite increasing demands for equal treatment.

While women appear to be gradually closing the gender gap in areas such as politics, health, and education, workplace inequality is not expected to be erased until the year 2276, according to a report published by the World Economic Forum (WEF).

The organization, which gathers the global elite in the plush Swiss ski resort of Davos each year, said that the worldwide gender gap in the workplace had widened further since last year, when parity appeared to be only 202 years off.

The Geneva-based organization's annual report tracks disparities between the sexes in 153 countries across four areas: education, health, economic opportunity, and political empowerment.

The overall gender gap across these categories has shrunk, Tuesday's report showed, with WEF now forecasting it will take 99.5 years for women to achieve parity on average, down from the 108 years forecast in last year's report.

But while some sectors have shown improvements, others lag far behind.

General parity "will take more than a lifetime to achieve," WEF acknowledged in a statement.

- 40 percent wage gap -

WEF said the gender gap was more than 96 percent closed in the area of education and could be eliminated altogether within just 12 years.

The gap was equally small in the health and survival category, but the WEF report said it remained unclear how long it would take to achieve full parity in this domain due to lingering issues in populous countries like China and India.

Politics meanwhile is the domain where the least progress has been made to date, but it showed the biggest improvement in the past year.

Women in 2019 held 25.2 percent of parliamentary lower-house seats and 22.1 percent of ministerial positions, compared to 24.1 percent and 19 percent in 2018.

But when it comes to the workplace, the picture is less rosy.

The report, which looked at a variety of factors including opportunity and pay, said it would take 257 years before there was equality in the workplace.

It highlighted positive developments, like a general increase in the share of women among skilled workers and senior officials.

But it stressed that this trend was counterbalanced by "stagnating or reversing gaps in labor market participation and monetary rewards".

On average, only 55 percent of adult women are in the labor market today, compared to 78 percent for men, while women globally on average still make 40 percent less than men for similar work in similar positions.

The wage gap has been steadily shrinking in OECD countries over the past decade, but it has at the same time expanded in emerging and developing economies, the WEF report showed.

- Global disparities -

Progress across the categories varies greatly in different countries and regions.

The report pointed out that while Western European countries could close their overall gender gap in 54.4 years, countries in the Middle East and North Africa will take nearly 140 years to do so.

Overall, the Nordic countries once again dominated the top of the table: men and women were most equal in Iceland, followed by Norway, Finland, and Sweden.

Syria, Pakistan, Iraq, and finally Yemen showed the biggest overall gender gaps of the countries surveyed.

Among the world's 20 leading economies, Germany fared the best, taking 10th place, followed by France at 15th, South Africa at 17th, Canada at 19th and Britain at 21st.

The United States continued its decline, slipping two places to 53rd, with the report pointing out that "American women still struggle to enter the very top business positions", and are also "under-represented in political leadership roles".



Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
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Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)

Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region's tourist industry.

Construction on the "Monte Galala Towers and Marina" project would ‌start in ‌the second ‌half ⁠of the ‌year and run for seven years, Ahmed Shalaby, managing director of the main developer, Tatweer Misr, said.

The 10-tower development - a partnership with the ⁠housing ministry and other state bodies ‌including the armed ‍forces' engineering authority - ‍would cost about 50 ‍billion Egyptian pounds ($1.07 billion), he added.

The project, also announced by the cabinet, will cover 470,000 square meters on the Gulf of Suez, about ⁠35 km south of Ain Sokhna, Shalaby said.

Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the tourism ministry in 2025.


Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
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Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA

The Saudi-Polish Investment Forum was held today at the headquarters of the Federation of Saudi Chambers in Riyadh, with the participation of Minister of Investment Khalid Al-Falih, Minister of Finance of the Republic of Poland Andrzej Domański, and Vice President of the Federation of Saudi Chambers Emad Al-Fakhri.

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation, expanding investment partnerships in priority sectors, and exploring high-quality investment opportunities that support sustainable growth in Saudi Arabia and Poland.

During a dedicated session, the forum reviewed economic and investment prospects in both countries through presentations highlighting promising opportunities, investment enablers, and supportive legislative environments.

Several specialized roundtables addressed strategic themes, including the development of the digital economy, with a focus on information and communication technologies (ICT), financial technologies (fintech), and artificial intelligence-driven innovation, SPA reported.

Discussions also covered the development of agricultural value chains from production to market access through advanced technologies, food processing, and agricultural machinery. In addition, participants examined ways to enhance the construction sector by developing systems and materials, improving execution efficiency, and accelerating delivery timelines. Energy security issues and the role of industrial sectors in supporting economic transformation and sustainability were also discussed.

The forum witnessed the announcement of two major investment agreements. The first aims to establish a framework for joint cooperation in supporting investment, exchanging information and expertise, and organizing joint business events to strengthen institutional partnerships.

The second agreement focuses on supporting reciprocal investments through the development of financing and insurance tools and the stimulation of joint ventures to boost investment flows.

The forum concluded by emphasizing the importance of continued coordination and dialogue between the public and private sectors in both countries to deepen Saudi-Polish economic relations and advance shared interests.


Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
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Gold Rises as Dollar Slips, Focus Turns to US Jobs Data

FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo
FILE PHOTO: An employee places ingots of 99.99 percent pure gold in a workroom at the Novosibirsk precious metals refining and manufacturing plant in the Siberian city of Novosibirsk, Russia, September 15, 2023. REUTERS/Alexander Manzyuk/File Photo

Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with US economic data that could offer more clues on the US Federal Reserve's monetary policy.

Spot gold rose 1.2% to $5,018.56 per ounce by 9:30 a.m. ET (1430 GMT), extending a 4% rally from Friday.

US gold futures for April delivery also gained 1.3% to $5,042.20 per ounce.

The US dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers.

"The big mover today (in gold prices) is the US dollar," said Bart Melek, global head of commodity strategy at TD Securities, adding that expectations are growing for weak economic data, particularly on the labor front, Reuters reported.

Investors are closely watching this week's release of US nonfarm payrolls, consumer prices and initial jobless claims for fresh signals on monetary policy, with markets already pricing in at least two rate cuts of 25 basis points in 2026.

US nonfarm payrolls are expected to have risen by 70,000 in January, according to a Reuters poll.

Lower interest rates tend to support gold by reducing the opportunity cost of holding the non-yielding asset.

Meanwhile, China's central bank extended its gold buying spree for a 15th month in January, data from the People's Bank of China showed on Saturday.

"The debasement trade continues, with ongoing geopolitical risks driving people into gold," Melek said, adding that China's purchases have had a psychological impact on the market.

Spot silver climbed 2.9% to $80.22 per ounce after a near 10% gain in the previous session. It hit an all-time high of $121.64 on January 29.

Spot platinum was down 0.2% at $2,092.95 per ounce, while palladium was steady at $1,707.25.

"A slowdown in EV sales hasn't really materialized despite all the policy softening, so I do see that platinum and palladium will possibly slow down," after a bullish run in 2025, WisdomTree commodities strategist Nitesh Shah said.