![]() That’s the backdrop for the UAE’s board push, with threats of penalties for companies that don’t comply. An unprecedented step for the Middle East, it comes as the oil-rich Gulf region - long dependent on crude to carry its trillion-dollar economy - looks to diversify the pools of talent it taps as global hydrocarbon reliance ebbs. ![]() The World Bank estimates that the Middle East North Africa region’s female labor force participation rate is the lowest in the world. The UAE wants to show it is serious about its new rule. The Securities and Commodities Authority told Bloomberg in a written response to questions that penalties for companies that don’t comply may range from warnings to a fine, or even a referral to public prosecution.
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