Gutsy is defined as showing courage, determination and spirit. I’m not sure I have any of these qualities when I walk into my first Gutsy Women Circle get-together in Abu Dhabi on a Tuesday evening. It’s a relatively new gathering for women in the capital, and I’m tentative and somewhat scared about the prospect of attending such a meeting.
What will I have to do? Will I have to speak in front of everyone? What if there’s an actual circle? What if I don’t answer the questions right? All of this is going through my mind as I walk into The Third Place Cafe in Khalidiya after work. I feel like I’m back in high school standing at the lectern about to present my poetry assignment to the rest of the class. I’m a few minutes late, and as I feared, everyone is sitting in a circle, and all eyes turn to me. Although I’m greeted warmly, I’m suddenly very self-conscious – I hate being the centre of attention.
But I’m pleased to see the group host Chérine Kurdi smiling back at me. She stands up and gives me a hug. I immediately feel a little more comfortable. As I nervously take a seat, I look around and think, gosh, what am I in for? Is this really for me?
It’s 6pm on a weeknight and about 20 women of different nationalities and ages are gathered here.
“I started Gutsy Women in March,” Kurdi tells me. “The intention was to have smart women share their experiences and stories, inspire and feel inspired in a trusting space where we could have bold discussions.”
These gatherings are the brainchild of the former high-flying businesswoman-turned-transformation expert. During the next 90 minutes, it’s obvious why she’s the perfect person to host such a meeting of female minds: she’s encouraging and inclusive, poses questions that force each of us to think about and evaluate our lives, and gently prompts interaction.
“The Gutsy Women Circle is a way of bringing back the wisdom ... of gathering women through their wisdom, care and presence,” she adds.
With 80 per cent of the UAE’s population made up of expats, and considering the transient nature of the country, it becomes obvious as the evening goes on that all the women here are looking for connection, meaningful friendships and support.
“This group creates a space where we can remove our masks and talk about what we really want and the fears we face,” says one attendee, Alexandrine Yamine. “I joined to meet like-minded people, which luckily I have. I have been blessed to encounter women who are supporting me through my journey of trying to detox my life.”
The 26-year-old, who was raised in the UAE, admits she’s realised lately she has always felt the need to have a partner in her life, but knows now she needs to love herself first. And above all else, she wants to find people she can be herself around. “I feel really supported [at the meetings], which I lacked in the past. It’s really refreshing,” she says with a smile.
Tonight’s topic is transitions, and after getting a rundown about the rules of these evenings – everyone is right, keep it simple and concise, and remember that what is said here is confidential – Kurdi has us turn to the person next to us and ask them what they love doing most in their lives (outside of work). For me it’s travelling and going out for coffee, but after verbalising these two loves, I stumble and can’t come up with anything else. The women beside me are able to come up with a few more than me, and it’s then I realise I spend most of my time working, and not much time on hobbies or outside interests – reality check number one.
Next, we’re asked to turn to the person on our other side and ask them repeatedly what they desire more of. Kurdi interjects that we’re usually too busy with all our “stuff” and most of us don’t give ourselves and what we want most much thought. This one is hard to answer.
I say for me it’s time, but as soon as I say it, I realise it’s a catch-22, because when things aren’t as hectic, I don’t know what to do with myself and end up feeling all alone in a new country. Confidence, love, happiness, positive connections are some of the responses from the other women – I would say those too, and it’s refreshing to know everyone feels the same.
“The biggest reason women come to this group is to have real conversations without being judged or ashamed, to keep moving towards their dreams and goals, to improve their self-confidence, to grow and learn to be inspired and inspire too, to connect and make meaningful friendships, to feel good, to feel supported,” says Kurdi, who spent 10 years working as a marketing professional and brand strategist for multinationals before realising she was “brutally dissatisfied” and needed a new direction.
“I am a transformation expert for women – I do this through various experiences: one-on-one coaching, workshops and retreats,” she says.
For the women I speak to during and after the session, who are new to the UAE or just new to these types of get-togethers, there’s a sense that more of these sorts of meetings are needed.
“I don’t think there is enough support, taking into account that everyone comes from different countries and backgrounds here, but I have noticed a lot of groups popping up on social media that can only be a good thing,” says one woman, who asks to remain anonymous. Another, who also asks not be named, says she’s been to some of the other meetups but found they weren’t as helpful as this one.
“A lot of these other groups seem to be people looking for partners or hookups, whereas this is more professional – it had focus and wasn’t too embarrassing,” the British woman says. “Most of the people themselves are interesting, so as an expat it makes you feel more like a part of the community.”
Kurdi says in the past six months she’s noticed that most of the women who come to her sessions are looking for more meaning in their lives, “to self-realise who they are independent of their age, family, society, marriage, kids and work”.
She says the nicest part of hosting these types of gatherings is the glowing faces of the women who attend, standing up for themselves and realising they aren’t the only ones facing a particular challenge.
And what makes her the perfect person to host the group?
“I speak from personal experience,” Kurdi says. “I’m not there to preach. When you’re in the Gutsy Women Circle, I will challenge you to be you.”
As the evening draws to a close, we’ve touched on what we love to do, what we desire most, and what we would like more of. But it’s only when I realise the final order of business is telling the group what we have learnt from the evening’s discussions, out loud, in our own time, in an impromptu manner, that my palms get sweaty all over again.
The one thing this 90 minutes has taught me is I’m more of an introvert than I even knew, but as I spit out “I need more confidence” in a jittery voice, to my relief, after I blurt the words out, everyone smiles back at me warmly and gives me a clap. But what really leaves me feeling satisfied is a fellow Gutsy Woman who, when it’s her turn to tell the group what’s she’s learnt, says she can’t believe someone as beautiful as me lacks confidence, and that gives her hope.
mhealy@thenational.ae
The Gutsy Women Circle meets once a month. For more information, visit www.meetup.com or www.cherinekurdi.com.
Follow us @LifeNationalUAE
Follow us on Facebook for discussions, entertainment, reviews, wellness and news.
UAE currency: the story behind the money in your pockets
Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
The Cairo Statement
1: Commit to countering all types of terrorism and extremism in all their manifestations
2: Denounce violence and the rhetoric of hatred
3: Adhere to the full compliance with the Riyadh accord of 2014 and the subsequent meeting and executive procedures approved in 2014 by the GCC
4: Comply with all recommendations of the Summit between the US and Muslim countries held in May 2017 in Saudi Arabia.
5: Refrain from interfering in the internal affairs of countries and of supporting rogue entities.
6: Carry out the responsibility of all the countries with the international community to counter all manifestations of extremism and terrorism that threaten international peace and security
The White Lotus: Season three
Creator: Mike White
Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell
Rating: 4.5/5
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
Types of policy
Term life insurance: this is the cheapest and most-popular form of life cover. You pay a regular monthly premium for a pre-agreed period, typically anything between five and 25 years, or possibly longer. If you die within that time, the policy will pay a cash lump sum, which is typically tax-free even outside the UAE. If you die after the policy ends, you do not get anything in return. There is no cash-in value at any time. Once you stop paying premiums, cover stops.
Whole-of-life insurance: as its name suggests, this type of life cover is designed to run for the rest of your life. You pay regular monthly premiums and in return, get a guaranteed cash lump sum whenever you die. As a result, premiums are typically much higher than one term life insurance, although they do not usually increase with age. In some cases, you have to keep up premiums for as long as you live, although there may be a cut-off period, say, at age 80 but it can go as high as 95. There are penalties if you don’t last the course and you may get a lot less than you paid in.
Critical illness cover: this pays a cash lump sum if you suffer from a serious illness such as cancer, heart disease or stroke. Some policies cover as many as 50 different illnesses, although cancer triggers by far the most claims. The payout is designed to cover major financial responsibilities such as a mortgage or children’s education fees if you fall ill and are unable to work. It is cost effective to combine it with life insurance, with the policy paying out once if you either die or suffer a serious illness.
Income protection: this pays a replacement income if you fall ill and are unable to continue working. On the best policies, this will continue either until you recover, or reach retirement age. Unlike critical illness cover, policies will typically pay out for stress and musculoskeletal problems such as back trouble.
The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
Results
Stage 7:
1. Caleb Ewan (AUS) Lotto Soudal - 3:18:29
2. Sam Bennett (IRL) Deceuninck-QuickStep - same time
3. Phil Bauhaus (GER) Bahrain Victorious
4. Michael Morkov (DEN) Deceuninck-QuickStep
5. Cees Bol (NED) Team DSM
General Classification:
1. Tadej Pogacar (SLO) UAE Team Emirates - 24:00:28
2. Adam Yates (GBR) Ineos Grenadiers - 0:00:35
3. Joao Almeida (POR) Deceuninck-QuickStep - 0:01:02
4. Chris Harper (AUS) Jumbo-Visma - 0:01:42
5. Neilson Powless (USA) EF Education-Nippo - 0:01:45
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”