Disparity Matrix

Jordan, an upper-middle-income Arab country, has a population of 10.7 million including 2.9 million non-citizens and refugees. While the country is resource-poor, food-deficit and has limited agricultural land, dwindling energy and water resources, it has still been successful in pursuing structural reforms in education, health and privatisation and liberalisation over the decade.

However, the country still faces major economic challenges majorly due to the social, economic and environmental burden of hosting more than 660,000 Syrian and 90,000 refugees of other nationalities registered with the United Nations High Commissioner for Refugees.

Due to the COVID pandemic, Jordan’s unemployment rate reached 24 percent in the third quarter of 2020 – 5 percent more than that in third quarter of 2019. Talking about the economic inequality on the basis of gender, unemployment rate among men reached 21.2 percent compared to 33.6 percent among women.

Youth of Jordan, younger than 15 years of age, lives in the poorest two quintiles – which means around 400,000 children under the age of five live in families in the poorest two quintiles. Due to the uneven income inequalities spread across various groups, living conditions of people are also affected. Access to proper sanitation varies from income quintile to other as the people in poorest quintile have lower access to sewerage network and private toilets.

Israel is leading the race of vaccinating people against COVID-19, yet the Palestinians haven’t even started receiving the vaccines.

More than a quarter of Israeli population, which is almost nine million, has received at least one dose of the Pfizer vaccine since 19 December, as confirmed by Israeli Health Ministry. However, the scenario is not the same in the occupied territories – West Bank and Gaza.

While the vaccination programme started with elderly people and front line workers, people aged 40 are also getting the jabs now. With Israel leading, the United Arab Emirates is just a little behind in the race.

However, except for the Palestinians residing in East Jerusalem, no other Palestinian territory has received the COVID vaccine. Palestinians living in East Jerusalem are entitled to Israeli health insurance since they have Israeli residency status and pay Israeli taxes.

According to the World Health Organisation (WHO), approximately 175,000 confirmed COVID cases and more than 1,960 deaths have been recorded in the West Bank, Gaza and East Jerusalem. While case fatality rate in these areas is 1.1 percent, it is 0.7 percent in Israel (case fertility rate is the proportion of reported infections which result in a person dying).

The United Nations human rights organisation has released a statement claiming that it is Israel’s responsibility to provide COVID-19 vaccine to the Palestinians in West Bank and Gaza. The UN says differential access is “morally and legally” unacceptable under international law laid out in the Geneva Conventions on the regulation of occupied territories.

Nearly 133,000 Palestinians work in Israel and its settlements in the West Bank. There have been calls by various human rights organisations to give access to vaccine jabs to Palestinians coming into Israel for work, including the construction workers, who have become jobless due to coronavirus restrictions and lockdown.

However, Israeli health minister, Yuli Edelstein says, “We can also look into the so-called Oslo agreements where it says loud and clear that the Palestinians have to take care of their own health.”

The Oslo accords, signed between Israel and the Palestine Liberation Organisation, give the Palestinian Authority oversight of public health under the principles of self-determination. But, the UN says international law takes priority over these accords.

Lebanon has been a hub of economic hardships since 2005. From the past thirty years, the country’s ruling class, which comprises of political and business elites, has run the economy by dividing the country’s public and private sectors between themselves and creating a system in which they can extract rent on virtually any economic activity.

The country’s current economic challenges can be easily blamed on the political and business elites of Lebanon. The financial crisis that emerged in October 2019 continues to haunt the poor country.

The citizens of Lebanon are victims of extreme inequality in terms of income and wealth. The richest 1 percent of the population receives 25 percent of national income on an average, while the poorest half of the population receives less than 10 percent of the national income.

On the other hand, the richest 10 percent of the population possesses 70 percent of the total wealth. While the richest are getting richer day by day, the middle class and the poor have very less chance of upward mobility.

The protests of 2019 emerged due to Lebanon’s record-high income and wealth inequality, which has been perpetuated by a corrupt political economy. In early 2019, Lebanese government introduced an austerity program to manage the financial crisis. The program would have affected the poorest and most vulnerable segments of the population since the measures introduced were disproportionally fragmented.

The government introduced cuts in public sector wages, monthly salaries, and pensions; a hike in taxes on imported products; and decreased funding for nongovernmental organisations. Later in October, the government further complicated the whole situation by announcing two new measures—a twenty-cent daily fee on Internet phone calls, including the WhatsApp application, and a plan to increase the value-added tax from 11 to 15 percent by 2022. This irked the Lebanese, prompting them to come out on streets.

As the economy went into a free fall in 2020, outgoing economy minister Raoul Nehme announced that 60 percent of Lebanese would fall below the poverty line by the end of 2020. In July 2020, food items and non-alcoholic beverages saw a price hike of 24 percent – which is more than 330 percent compared to July 2019.

As millions of Lebanese were already at the risk of famine and many committed suicide due to insolvency and desperation, the Beirut port explosion paralysed the country on August 4. Lebanon is in a dire need of financial support, which the International Monetary Fund (IMF) is ready to provide if a few conditions are met.

The country is required to enact structural reforms that increase transparency and financial stability as well as reduce corruption and tax evasion. Unfortunately, the ruling class is not in agreement to meet the demands of IMF, fearing the loss of power and privileges, which they’ve been enjoying from the past three decades.

In the Middle East and North Africa region, where economic and gender-based inequalities are at the forefront, the after effects of the COVID-9 pandemic may cause a major setback in terms of economic opportunities for women.

Due to the pandemic, the worst hit businesses were in the services, care, and hospitality sectors, which happen to be female-intensive. Therefore, the economic recession has been called a “she-cession”, which was the central theme of the 2020 Women’s Forum for the Economy and Society. The Forum highlighted that there could be no economic recovery in 2021 without a “she-covery”.

Gender-based inequality is widely spread across the MENA region, with maximum MENA countries ranking within the lowest third of the World Economic Forum’s Gender Gap Index. While the region has been struggling from decades due to the longstanding wars and conflicts, displacements and refugees, and political uncertainties, gender-based economic inequalities top the list of problems in the region.

Researchers and analysts believe that even developed countries could increase their gross domestic product (GDP) by reducing gender disparities. According to Teignier and Cuberes, MENA countries could benefit exponentially by reducing gender disparities. Like, Egypt’s, the UAE’s, Lebanon’s and Iran’s GDP could increase by 29 percent, 31 percent, 28 percent and 32 percent respectively just by reducing gender-based inequalities.

Few common reasons for women not getting jobs in MENA region are excuses like that men should get preference due to the scarcity of jobs, job postings explicitly mentioning women need not apply or rules that women be selected only when no male candidate can be found. Moreover, women face multiple legal barriers in MENA countries – some of which were faced by women in western countries about 50 years ago.

According to the 2020 Global Governance Forum report, MENA region ranks the lowest in respect to access to finance and support networks for women. A World Bank study of 2008 reports that one in every six to seven firms in the MENA’s formal sector was a woman-owned firm, which is approximately 14 to 17 percent of the formal small and medium enterprises (SMEs) surveyed. This percentage is much lower than in other developing countries where this rate is around 25 percent.

A joint research by UN Women and the Cairo-based Economic Research Forum in 2020 revealed that Arab women perform 4.7 times more unpaid care work than men – highest ratio in the world.

The MENA region is already one of the most unequal regions in the world, it cannot afford greater setbacks in its economy especially while it’s trying to cope up from the pandemic. Therefore, it is imperative for the region to remove barriers to women’s economic empowerment and reduce gender-based economic disparities.

Income inequality in the Middle East is highest in the world. Income inequality can be broadly classified into two categories: between-country income inequality and within-country inequality. While income inequality is highest in the Middle East, it is lowest in Europe.

In the Middle East, the top 10 percent population takes 61 percent of national income. This huge income gap is a result of multiple factors like the disparate urban-rural income gap and limited access to basic needs.

The vast urban-rural income gap plays a major role in skewed income distribution, especially in countries like Egypt, Yemen and Tunisia. Since rural communities are further away from commercial ports and main markets, they have less access to imported commodities, such as rice and wheat.

Moreover, limited access to basic necessities poses the risk of increased malnutrition and poverty, therefore further widening the economic gap. This economic inequality has played a role in the Arab Spring uprisings and demonstrations, polarising these countries not just economically, but also politically.

According to a World Inequality Report if countries continue to operate “business as usual,” then global, within-country inequality will only increase. However, the report suggests that if countries follow the trajectory of Europe over the past decades, then global income inequality can be reduced.

To combat income inequality in the Middle East, the United Nations Economic and Social Commission for Western Asia suggested a few methods like tax progressivity, increased equal access to education, increased fiscal transparency, and investment in reducing public debt.

Meanwhile, the UNICEF is already working closely with both federal and local governments in the Middle East to improve the quality of education in the region. The Life Skills and Citizenship Education Initiative under UNICEF aims to integrate core life skills, such as critical thinking and problem-solving, into the current education systems.

The International Labour Organisation (ILO) in its report released on Monday warned that the gap between the wages paid to migrant workers and national workers is increasing each day in the MENA region. The ILO claimed that due to the pandemic this wage gap may widen further.

“What our report shows is that even before COVID-19 migrant workers suffered significant inequality and treatment in terms of wages. And we know that the wage gap not only has widened in the past few years, but migrants continue to be the subject of discrimination during this pandemic”, said chief of ILO’s Labour Migration Branch Michelle Leighton.

At a press conference held to present the findings of the report, Leighton said factors such as education, skills and experience explain much of the wage gap. However, discrimination tops the list. Migrant workers face discrimination in MENA countries, and hence, the wage gap.

“Therefore tackling discrimination and prejudices that are deeply entrenched in the workplace and our society is more important than ever. And addressing the migrant pay gap is not only a matter of social justice, but it's also important to reduce inequalities between women and men to reduce income inequalities between households”, Leighton said.

Moreover, women migrant workers earn less than male migrant workers. Female migrant workers face twice the discrimination and often work in domestic or care jobs only.

In high-income countries, migrant workers were often in precarious work, with 27 percent on temporary contracts and 15 percent working part-time, and they tended to work in agriculture, fishing, forestry, mining, quarrying, manufacturing, energy and water utilities, or construction.

Saudi Arabia inhabits around 33 million people, out of which maximum employed people work in oil and gas sector, leaving just 18 percent of the employed population working in labour force. As of last year, Saudi Arabia’s unemployment rate was 12.3 percent.

However, this year, the world’s largest oil exporter has been facing a dual crisis because of the pandemic, energy output cuts and lower crude prices, which have together derailed a fragile economic recovery from the last oil-price rout. This financial jerk sparked the unemployment rate to 15.4 percent in April to June.

Saudi Arabia has one of the largest GDPs among the GCC countries. Yet, the Gulf giant’s economy contracted by seven percent in the second quarter of 2020. Can it be blamed on the education inequality lurking around the region? A country’s economy, employment rate and education rate go hand in hand. All three factors are co-related to each other.

While educational attainment is expanding in Saudi, only 31 percent of 25-34 year-olds had attained less than upper secondary education in Saudi Arabia as per a 2017 data. 46 percent of 25-64 year-olds had below upper secondary education. Saudi Arabia reports the lowest rates of female participation in tertiary education alongside India, Mexico, Switzerland and Turkey.

Saudi Arabia is the land of the riches, where the Royals have all the power. The kingdom’s former King Ibn Saud founded the Princes’ School in 1937 for the members of House of Saud and other important Saudis. The goal was to make it easier for the sons of the Royal family and other foremost Saudis achieve quality higher education.

The school was only conducted in the Royal Court, thus, allowing only the members of the monarch to participate in the school activities. Saudi King Salman and his predecessor King Fahd bin Abdulaziz Al Saud have both been the prodigies of the royal school among other princes.

Women often play a crucial role in bringing a political change, but are usually side-lined during the formal processes that follow. This is especially a trend in most of the parts of Africa.

The protests in Sudan in the spring of 2019 saw women at the forefront. The movement led to the ousting of the al-Bashir regime. As per reports, more than 70 percent of the protestors were women, who raised their voices to drive change and epitomised their resilience and strength. Despite all death and rape threats, and other acts of violence against them, women stood firm and made sure that al-Bashir was ousted. However, the women were never given their rightful place in the new institutions.

Following the success of the movement, Sudanese professionals, scholars and activists convened in London on 9th September 2019 under the aegis of the University of Khartoum Alumni Association of the UK and Ireland, the Sudanese Doctors’ Union UK, and the Overseas Development Institute (ODI).

During the event, Zainab Bangura, ODI Distinguished Fellow former UN Special Representative on Sexual Violence and Conflict, and former Minister of Foreign Affairs and Health in Sierra Leone, shared her own experience as a female leader.

“From my experience in my own country, Sierra Leone, and other countries in the continent and the world, women are normally in the forefront of fighting for peace in conflict and post-conflict countries, for democracy during dictatorship, but because it is the men who sit on the table to negotiate peace, lead and dominate the leadership of political parties, they end up being the winners in both cases,” Bangura said.

According to the Women, Peace and Security Index, Sudan ranks at 157 among 167 countries in terms of gender equality. Sudan lags behind majorly in three sectors, employment, financial assets and education.

More than 49 percent of girls are missing out on primary education in Sudan. The country has un-egalitarian views towards women, meaning the rights of women are restricted under the strict Sharia Law of Sudan. The nature of such laws prevent girls from obtaining quality education as the law includes punishment for not wearing religious garb in public and institutionalised discrimination against women.

As per the views of Sudanese educators, the ultimate goal of women should be to become a good housewife and a great mother. Meanwhile the quality of teachers is very low in Sudan in comparison to the rest of the world; there may be up to 110,000 unqualified teachers teaching in Sudan, as 48 percent of teachers in Sudan have only completed primary education.

A new global data from the UN Women suggests that the COVID-19 pandemic may wipe out 25 years of increasing gender equality. This is based on the analysis that women have been doing more domestic chores than before.

“Everything we worked for, that has taken 25 years, could be lost in a year,” says UN Women Deputy Executive Director, Anita Bhatia.

The data reveals that employment and education opportunities could be lost, and women may suffer from poorer mental and physical health. Bhatia fears the “real risk of reverting to 1950s gender stereotypes.”

Prior to the coronavirus pandemic, for every one hour of unpaid work done by men, three hours were done by women. Talking about the statistics, women in Egypt were doing 9.2 times more unpaid work than men before corona. Similarly, in Ethiopia and Ghana women were doing 2.9 and 3.4 times more unpaid work respectively than men.

“If it was more than three times as much as men before the pandemic, I assure you that number has at least doubled,” Bhatia said.

More than twenty-five years after 189 countries adopted a 150-page road map for achieving equality for women, the report by UN Women says the reality is different. The 38 surveys, which were conducted in lower and middle-income countries, reveal millions of women still face poverty, discrimination and violence. More than 70 percent of lawmakers and parliamentarians and managers are men and nearly 500,000 women and girls over the age of 15 are illiterate.

As per the Global Gender Gap Report 2020, Egypt ranks at 134 out of 153 countries. It is among the countries ‘very high’ in gender discrimination together with others in Africa and the Middle East. In terms of economic participation and opportunities, Egypt ranks even lower at 140 out of 153.

Egypt is home to more than 48 million women and not much has been done to grant them equal opportunities. While the political empowerment is improving in the country, the literacy rate is still as low as 65 percent among women, resulting into a 15 percent gender gap.

Talking about the economic opportunities, mere 24.7 percent of women are in the labour force, out of which about 20 percent are on a part-time contract. Meanwhile, only 7.1 percent women are in managerial roles. This data shows that women still have a long road ahead before being able to access finance and assets in Egypt.

Moreover, under the Egyptian law, women still face limitations to own land, capital and financial products, which results in the huge wage gap. The Global Gender Gap Report 2020 estimates that the average income of a man in Egypt is 3.8 times more than that of a woman.

In these tiring times, when the whole world has been battling with a pandemic, poor countries like Yemen and Syria have been on the larger end of sufferings. The pandemic has proven to be more difficult for the countries that were already under severe economic shortfalls or civil wars.

With many vaccines claiming to be more than 90 percent efficient as a cure to the coronavirus, the World Health Organisation (WHO) has now raised concerns over the availability of the vaccine in the poor and vulnerable countries.

Dr Tedros Adhanom Ghebreyesus, head of the World Health Organisation, warned that the world’s poorest and most vulnerable must not be “trampled in the stampede” for Covid-19 vaccines. He stated that successful vaccines must be distributed equitably and that $4.3 billion was needed to help fund a sharing scheme.

He said the question was “not whether the world can afford to share... it's whether it can afford not to.”

Most of the poor and vulnerable countries are in the Africa and Middle East region. War zones like Syria, Yemen, and West Bank and Gaza have already been under the pressure of declining health facilities and resources. Poor countries like Jordan, Lebanon, Sudan and Iraq have been a major victim of the pandemic, while also fighting other battles like the port blast in Lebanon which further destructed the health facilities.

While Dr Tedros said that “every government rightly wants to do everything it can to protect its people,” he also showed concern over wealthier countries getting their hands on available stocks of successful vaccines, leaving poorer nations empty handed.

Since four vaccines have shown good results from late-stage trials, but haven’t been declared 100 percent anti-corona, various countries like the US, the UK, Canada, India and the EU have already reserved the most doses.

The WHO aims to deliver two billion vaccine doses around the world by the end of 2021 under its global vaccine sharing scheme Covax, of which 187 countries are a part of. However, the organisation has been struggling to raise funds needed to distribute supplies to more than 90 low-income countries and other economies that have signed up.

Meanwhile, rich countries like the UK and Canada, who are signatories to Covax, have been directly negotiating their own deals with pharmaceutical companies.

Leaders of the first world countries are expected to come together for a virtual G20 summit that will convene from November 21-22, 2020, in Riyadh. The G20 brings together leaders and representatives from a few exclusive countries to address the greatest challenges and propose impactful solutions for the whole world.

For the last decade, this forum has played an instrumental role in addressing the global financial crisis, putting forward reforms fostering growth and development, and shaping collective approaches on issues requiring international cooperation. If the whole agenda of the summit is to financially help the countries in need, how come leaders or representatives from underdeveloped countries not invited to the meet?

The summit marks the first time that Saudi Arabia will hold the Presidency of the G20. The theme of the event is ‘Realizing Opportunities of the 21st Century for All’. By hosting the event Saudi Arabia has shown a keen interest in bringing forward the perspectives of the Middle East and North Africa region, as well as the views of developing countries – not to forget, all this will be happening in the absence of representatives from other MENA countries.

While hosting of the summit is a prestigious honour for the kingdom, it surely would have been a great opportunity to show off the country had the pandemic not obstructed it. Ten months ago, Saudi Arabia believed this to be a great opportunity to showcase the evolution of the kingdom to the leaders of the globe. The event would have also helped in revamping the image of Crown Prince Mohammed bin Salman (MbS) following the murder of journalist Jamal Khashoggi by a Saudi hit squad. The pandemic has deprived MbS from garnering the international spotlight as a world leader.

Nevertheless, the event – despite being virtual – is still an opportunity for the kingdom to thwart attention from its human rights violations. An online event amid the pandemic would surely help Saudi Arabia avoid scrutiny over human rights violations.

Meanwhile, there are calls for major powers like the United Kingdom and Australia to boycott the G20 summit in Riyadh over the jailing of female political activists who campaigned for the right to drive.

Baroness Helena Kennedy, a QC and a vocal critic of Saudi Arabia's human rights record, described the hosting of the world’s most significant economic forums by Mohammed bin Salman as “scandalous”. Urging the world leaders to use the summit as leverage for change and demand the release of a group of at least 13 female activists who were jailed by MbS in 2018, Kennedy said, “We should not be giving this kind of platform to Saudi Arabia at this time, if they want to show that they really are in a process of change then this is a moment when they should be showing it.”

More than a month ago, Riyadh also hosted the Urban 20 (U20), a G20 urban summit, to be attended by world mayors including Berlin’s Michael Müller, London’s Sadiq Khan, New York’s Bill de Blasio, Paris’s Anne Hidalgo, Rome’s Virginia Raggi as well as the mayors of Los Angeles and Madrid. A coalition of human rights groups urged the seven mayors to boycott the U20 summit, which was being held on the second anniversary of the murder of Jamal Khashoggi.

New York City Mayor Bill de Blasio pulled out of the U20 event, citing ethical concerns, while also urging other mayors to follow suit. In the past also, de Blasio has been a major critic of the kingdom, criticising Saudi over its “brutal and immoral” coalition in Yemen.

Iran, a naturally wealthy country, is not amongst the top five richest countries of the Middle East despite the extravagant luxurious lifestyle of rich kids of Iran, as showcased on social media. The World Bank estimated Iran’s Gross Domestic Product (GDP) at US$440 billion for the Iranian calendar year 2019-20, for a population of about 82.8 million.

Iran, which ranks second in the world for natural gas reserves and fourth in proven crude oil reserves, saw its economy shrink by 6.8 percent in 2019-20, while the oil sector shrank by 38.7 percent. The country’s unemployment rate has been above 10 percent from a decade now. Iran’s current unemployment rate is 11.18 percent of the total labour force.

This draws a stark comparison between the unemployed poor and unemployed rich people, the latter being the kids who inherited money from their rich parents. Iran’s rich kids, who have hardly kept their wealth a secret, are all over social media, especially Instagram and Twitter.

A Los Angeles Times article once quoted “When the occasional Maserati roars through the crowded streets of Tehran, past crowded buses and shabby domestic sedans, pedestrians sometimes unleash streams of curses in its wake.”

The Rich Kids of Tehran is a popular Instagram account that showcases the lives of attractive young boys and girls flaunting Hermes accessories, Christian Louboutin shoes and Louis Vuitton clothes at frolic poolside at lavish mansions in Tehran, forgetting that in the same city desperate unemployed people sell their kidneys to bring home food.

These wealthy elites, who have reaped the benefits of a top-down theocratic regime, act like a new aristocratic class unaware of the sources of their wealth. They boldly, yet shamelessly, drive Porsches and Maseratis through the city before the eyes of less fortunate people, while posting it all on Instagram.

Pictures of 20-somethings flaunting their money, expensive cars, mansions, exclusive vacations and backgrounds of luxurious hotels are a common scene on the Instagram account of the Rich Kids of Tehran. These unemployed rich kids enjoy extravagant accommodations which the majority of Iranian population may never get a chance to witness.

Economic disparity or inequality amongst the people of Iran has been budding since a decade, more so after President Hassan Rouhani introduced the austerity budget. Today, unemployment is especially high amongst young people and women in Iran. Even the people who are employed are considered as underemployed.

No, it’s not a great time to be selling a luxury mansion, amid a slowing world economy. The global slowdown is resulting from the issues over stock market stability and over-ambitious expectations on pricing. However, those with the availabilty of resources are going to look for an astonishing choice of striking properties—most of them with a huge fall in prices. Let’s look some of these most incredible homes that can be purchased with loads of money.

Air travel has progressed significantly since the times of the Wright brothers, as airplanes have developed into increasingly incredible, effective and luxurious means of travel. Today, personal luxury planes depict one of the most sumptuous and stylish mode of transportation available. Obviously, those conveniences at a high price. Here are five of the costliest and lavish private jets across the world.

What has been impossible for most of the world, has been a mission for the Top Gun star, who loves what he does and takes great pride in it. Everyone and everything had sort of halted due to the coronavirus outbreak, but Tom Cruise couldn’t stay away from action.

One of the world’s richest actor has been unable to shoot for the next part of his most popular movie series, Mission Impossible 7. In February 2020, the makers were forced to radically change the shooting plans, due to the spread of COVID-19 pandemic. However, the 58-year-old legendary artist has been determined to finish filming the seventh instalment of the series, for which he built an entire coronavirus-free village for the cast and crew.

Tom Cruise reportedly took over a disused RAF site in Oxfordshire to establish VIP Winnebago trailers for the cast to live, isolate themselves and complete the film. The franchise frontman and his A-list cast were to remain in these trailers, in order to work through scenes in a bubble and shield the team from getting coronavirus.

Two extravagant names in the world of super cars, Lamborghini and Ferrari have made space for them even in the dictionary of those who do not call themselves “car people”. While both the names are co-existing on top level in the luxury car market, a different scenario could be pictured, if we erase the feud that took place between founders of the two brands years ago.

History of Lamborghini goes years back, when founder of the firm, Ferruccio Lamborghini, bought a Ferrari 250 GT in 1958. Owner of a tractor manufacturing firm back-then, with extensively remarkable knowledge in mechanics, he was not much impressed by the latest addition in his luxury car collection.

"If you can dream it, we can build it"— a promise that the Royal Huisman has maintained for a long time. The Dutch shipyard has certainly proved that it can survive the saying, as reflected by the custom sailing superyachts it delivered, including the 295-foot Athena, 184-foot Kumbha and dozen others that expanded the range of sailboat design.

Bringing another project, Nauta Reichel Pugh 151, the yard promises a more successful design— less for its size, which is modest in comparison to numerous other giant sailing ships, and more due to intricacy. The past decade has been emerging for owners to race their superyachts and this new 151-footer vessel can possibly take it to a whole new level.