Tuesday 10 March 2009

Downturn will not deter march of Arab women

The venue was splendid, a 19th-century former hôtel particulier in the heart of Paris. The women who gathered in a main hall on a recent rainy day had arrived in style, some sporting fur coats, others clutching Hermès bags.

Yet this was not a social event nor a fashion show. The guests were some of the Arab world’s top businesswomen and their trip to Paris was to learn about business opportunities, even in today’s depressing economic times.

They were letting themselves be charmed by the French government, which has suddenly discovered that the wealth of Arab women and their rising profile in the business world represents a lucrative source of capital.

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