Latest news with #EndowmentsandMinors'TrustFoundation
Dubai Eye
14-05-2025
- Business
- Dubai Eye
Dubai unveils wide-ranging measures to boost Emirati wellbeing
Dubai is stepping up efforts to enhance the wellbeing of its citizens, with a new wave of strategic initiatives approved by the Higher Committee for Development and Citizens Affairs. Chairing the latest meeting of the committee, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, said the initiatives fall under a unified theme: "The Wellbeing and Quality of Life of Citizens". He reaffirmed the leadership's commitment to putting Emiratis at the centre of all development plans, a vision set by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Among the key approvals was an implementation plan for spending endowment funds managed by the Endowments and Minors' Trust Foundation, backed by real estate and financial assets worth AED 10 billion. The plan targets annual returns of up to AED 1 billion by 2033, supporting sustainable charitable efforts across the emirate. The committee also reviewed progress made so far, including the employment of over 33,400 Emiratis in both public and private sectors since its launch. In the housing sector, more than 1,300 units have been delivered, along with over 10,000 land grants, 8,600 financial and housing grants, and more than 9,200 loans. In addition, 426 citizens were exempted from housing loan payments totalling AED 146 million. New initiatives were also introduced, including 'Thukhr', a programme designed to honour retirees and support them through a wide range of services, and the 'Ghamran Camp Initiative', which aims to strengthen family bonds by bringing fathers and sons together for desert camping experiences rooted in Emirati values. — Hamdan bin Mohammed (@HamdanMohammed) May 13, 2025
TAG 91.1
13-05-2025
- Business
- TAG 91.1
Dubai unveils wide-ranging measures to boost Emirati wellbeing
Dubai is stepping up efforts to enhance the wellbeing of its citizens, with a new wave of strategic initiatives approved by the Higher Committee for Development and Citizens Affairs. Chairing the latest meeting of the committee, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, said the initiatives fall under a unified theme: "The Wellbeing and Quality of Life of Citizens". He reaffirmed the leadership's commitment to putting Emiratis at the centre of all development plans, a vision set by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Among the key approvals was an implementation plan for spending endowment funds managed by the Endowments and Minors' Trust Foundation, backed by real estate and financial assets worth AED 10 billion. The plan targets annual returns of up to AED 1 billion by 2033, supporting sustainable charitable efforts across the emirate. The committee also reviewed progress made so far, including the employment of over 33,400 Emiratis in both public and private sectors since the committee's launch. In the housing sector, more than 1,300 units have been delivered, along with over 10,000 land grants, 8,600 financial and housing grants, and more than 9,200 loans. In addition, 426 citizens were exempted from housing loan payments totalling AED 146 million. New initiatives were also introduced, including 'Thukhr', a programme designed to honour retirees and support them through a wide range of services, and the 'Ghamran Camp Initiative', which aims to strengthen family bonds by bringing fathers and sons together for desert camping experiences rooted in Emirati values. — Hamdan bin Mohammed (@HamdanMohammed) May 13, 2025
Hi Dubai
12-03-2025
- Health
- Hi Dubai
AWQAF and Al Jalila Foundation Launch AED38.5 Million Endowment for Cancer Patients
Dubai's Endowments and Minors' Trust Foundation (AWQAF Dubai) has partnered with Al Jalila Foundation, the philanthropic arm of the Dubai Health Authority (DHA), to establish a sustainable endowment project aimed at supporting cancer treatment. This initiative aligns with the humanitarian vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai. The partnership entails the construction of a seven-storey endowment building in Dubai South, with a total cost exceeding AED38.5 million. Al Jalila Foundation will contribute AED30 million for construction, while the land, valued at AED8.5 million, is owned by the foundation. The project, to be completed within 16 months, will be managed by AWQAF Dubai, ensuring that all generated revenues support patient treatment at the Hamdan Bin Rashid Cancer Hospital. Ali Al Mutawa, Secretary-General of AWQAF Dubai, highlighted the initiative as a testament to the foundation's commitment to advancing healthcare and alleviating financial burdens on cancer patients and their families. He affirmed that AWQAF Dubai will oversee construction and investment management to maximize benefits for underprivileged patients. Dr. Raja Eisa Al Gurg, Chairperson of Al Jalila Foundation, expressed gratitude for the collaboration, emphasizing its role in strengthening national efforts to enhance cancer care. She reiterated that the project embodies the UAE's commitment to sustainable humanitarian work, ensuring long-term support for the region's first comprehensive cancer hospital. This initiative marks a significant step in fostering a healthier, more inclusive society, reinforcing Dubai's leadership in charitable and healthcare advancements. News Source: Emirates News Agency
