Latest news with #Fathers'Endowment
Gulf Business
05-05-2025
- Business
- Gulf Business
Tariq Al Futtaim Foundation donates Dhs3m to Fathers' Endowment
Credit for the images: Supplied, WAM The Tariq Al Futtaim Foundation (TAF), an investment management foundation based in the Dubai International Financial Centre, has contributed Dhs3m to the Fathers' Endowment campaign. This initiative, launched by Sheikh Mohammed bin Rashid Al Maktoum—Vice President and Prime Minister of the UAE and Ruler of Dubai—aims to establish a sustainable endowment fund that provides healthcare for the less fortunate, while promoting values of compassion, respect, and family honour. At the Tariq Al Futtaim Foundation, this contribution reflects the core values that guide our work. Strong families, led with clarity and care, are essential to building communities rooted in stability, accountability, and shared purpose. The principles behind the Fathers' Endowment—responsibility, generosity, and long-term commitment—mirror the same values that define our mission: to protect, grow, and manage wealth with intention. This is also a meaningful opportunity to honour my late father, Majid Al Futtaim, and the principles he lived by. His values continue to shape how I think about purpose, legacy, and responsibility. Through the Tariq Al Futtaim Foundation, I am committed to carrying those values forward and contributing to a future where wealth is managed with ambition, care, and a deep sense of service to future generations,' said Tariq Al Futtaim. Honouring l egacy, b uilding for the f uture The contribution to the Fathers' Endowment campaign reflects TAF's commitment to creating lasting impact by ensuring financial decisions are guided by responsibility and purpose. The Foundation remains dedicated to supporting initiatives that strengthen community welfare while upholding the principles of responsible wealth management for generations to come.
Hi Dubai
02-04-2025
- Business
- Hi Dubai
Fathers' Endowment Campaign Sets New Standard with AED 3.7 Billion Raised in Record Time
In an extraordinary display of community solidarity, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced the resounding success of the Fathers' Endowment campaign. Launched on February 21, 2025, with a goal to honor fathers and provide sustainable healthcare for the less fortunate, the initiative has raised a staggering AED 3.72 billion in less than a month—double its original target. The campaign, which aims to establish a sustainable endowment fund to enhance healthcare services for underserved communities, received overwhelming support from over 277,000 contributors, including major private sector donors. A standout contribution came from Azizi Developments, which pledged AED 3 billion to fund a state-of-the-art medical complex in Dubai, setting a record for the largest individual private sector donation in UAE history. The funds will support various projects, including the development of hospitals and research facilities, as well as the provision of critical medical supplies. Furthermore, the campaign was bolstered by key events such as the Most Noble Number charity auctions in Abu Dhabi and Dubai, raising a total of AED 167.4 million. His Highness Sheikh Mohammed expressed gratitude for the generous support, praising the UAE's collective commitment to humanitarian causes and sustainable development. 'This campaign embodies the values of giving, solidarity, and unity,' he said. 'It is a testament to the UAE's leadership and its people's unwavering spirit of generosity.' The Fathers' Endowment campaign, part of a broader series of successful humanitarian initiatives led by His Highness Sheikh Mohammed, underscores the UAE's pivotal role in fostering sustainable philanthropy and improving lives both locally and globally. News Source: Dubai Media Office
Arabian Business
01-04-2025
- Business
- Arabian Business
DEWA saw 4.5% surge in electricity connection requests for Dubai commercial projects in 2024
Dubai Dubai's off-plan market continues to perform strongly in early 2025, attracting a more diverse range of international investors GCC Knight Frank noted a two-tier market has emerged in the apartment rental sector in Qatar Mohammed bin Salman Under the new measures, restrictions on land transactions will be lifted in two northern areas of Riyadh Eid Al Fitr UAE will mark Sunday, March 30 as the first day of Eid Al Fitr Dubai Azizi Vista is positioned in proximity to Sports City and Motor City Dubai The Dubai real estate market is seeing consistent demand for home financing, supported by current lending conditions Abu Dhabi The package will benefit 4,356 UAE citizens across Abu Dhabi Dubai flydubai will provide connections to flydubai's wider network of more than 130 destinations across 55 countries Robot Robotaxi service will see passengers transported by self-driving cars in Abu Dhabi Abu Dhabi housing Abu Dhabi Housing Authority has delivered $46bn of benefits to citizens since it was launched Dubai parking Dubai announces free parking and Metro operating hours for Eid Al Fitr 2025 Endowment Funds UAE's Fathers' Endowment campaign raised an incredible $1bn in Ramadan Dubai World Trade Centre DWTC Hospitality provided services for more than 2,400 events last year GaStat Saudi Arabia sees decline in national unemployment Abu Dhabi Abu Dhabi GDP expanded in 3.8 per cent last year, top sectors revealed Dubai Rental Disputes Centre Dubai releases inmates ahead of Eid Al Fitr as $1.9m of disputed rent paid in full Egypt Abu Dhabi's Modon and Egypts Elsewedy Industrial Development to create 20,000 new jobs at Ras El Hekma industrial zone in Egypt Oman Oman gives approval for Starlink to provide high-speed internet access Eid Bahrain has called on people in the Kingdom to report moon-sighting ahead of Eid Al Fitr 2025 Dubai Customs Dubai Customs prepared for busy schedule during Eid Al Fitr 2025 CBUAE The UAE Dirham now has a symbol like the $ and € Eid The UAE has called on people in the country to report moon-sighting ahead of Eid Al Fitr 2025 domestic workers Ministry of Human Resources and Emiratisation fines UAE recruitment offices over domestic worker rule violations Abu Dhabi office market Abu Dhabi sees spike in office and industrial real estate rents Eid Saudi Arabia has called on people in the Kingdom to report moon-sighting ahead of Eid Al Fitr 2025 Eid Al Fitr Passengers flying in and out of Qatar's Hamad International Airport advised to arrive early and check-in online over Eid Al Fitr Alexa Amazon Alexa data shows most common requests from users in Saudi and UAE Abu Dhabi UAE petrol prices fell slightly in March following an increase in February Eid Qatar has announced dates for Eid Al Fitr holiday 2025 Ajman Ajman has recorded a more than 50 per cent value in real estate rents since 2022 Tawazun Council UAE hands out contracts to build anti-piracy and smuggling naval craft Dubai Dubai bus-on-demand service now available in Oud Metha and Barsha Heights Cybersecurity UAE Cybersecurity Council blocks 634 attacks on government and private entities Masdar Masdar advancing its worldwide renewable energy portfolio Eid Oman announces holidays for public and private sector to mark Eid Al Fitr 2025 bridge Dubai's RTA inaugurates major new bridge to boost traffic and slash waiting times Dubai parking Parkin announces new Dubai car parking fees in Dubai will begin on April 4 M&A Middle East M&A market outperforms global average as 475 deals made and AI, renewables and infrastructure sectors impress Riyadh Riyadh Municipality opens investment opportunities at 20 sites in the city anti-begging Dubai Police arrest beggars with $13,600 in their possession Al Fardan Exchange UAE Eid holiday dates, Dubai Metro station renamed, real estate analysis, free zone rules updated and more top news stories this week qatar economy The Qatar economy saw significant growth in 2024 as non-oil sector impresses Emirati pension General Pension and Social Security Authority confirms payment rules for mothers in the UAE DIFC Dubai emerging as one of the most important financial centres in the world in respected ranking Emirates Middle East carriers cancel flights after Heathrow Airport forced to close for full day following a major fire digital invoice UAE Ministry of Finance introduces invoicing rules to boost digital record keeping Dubai real estate SOL Properties launches SOL Levante Dubai real estate development in Jumeirah Village Triangle Ramadan UAE will shift to remote-learning classes for public Bahrain real estate GCC real estate investments see healthy yields for apartments in Saudi Arabia, UAE, Kuwait, Qatar, Bahrain, and Oman Dubai real estate Agent with Dubai's Provident Real Estate sells three buildings in a day at fast-growing Expo City Partner Content: And it's all set to make waves MENA salary survey identifies job trends and expectations for workers in the region FDI UAE Cabinet reflects 'most remarkable economic and developmental year in the nation's history'
The National
30-03-2025
- Politics
- The National
Eid Al Fitr in a changing Middle East
Eid is always a special time. For many in the Middle East, this year's celebration of Eid Al Fitr holds even more significance. While the festival's position as an unchanging fixture of the region's calendar remains, some countries that mark this important Islamic holiday are going through profound and rapid change. In Syria, millions of Muslims are observing the end of Ramadan in a nation that has thrown off decades of Assad family rule. Although Syria still faces many serious problems and its transition to a new beginning has had some painful setbacks, this is the first time in years that families and communities have been able to come together for Eid Al Fitr with a sense of optimism that better days may lie ahead. In neighbouring Lebanon, Eid celebrations are also taking place in changed circumstances. Plagued for years by political inertia and a lack of effective leadership, a new government in Beirut has been formed that at least offers the prospect of stability and prosperity after too many decades of conflict, economic turmoil and division. An important part of Eid Al Fitr and the holy month that preceded it is their call to renew social solidarity and our commitment to good causes. In Syria, Lebanon and many other countries, Muslims will have already offered Zakat Al Fitr – a obligatory charitable donation to help the less-fortunate celebrate the end of Ramadan. Such alms-giving can have a powerful impact; the UNHCR's Refugee Zakat Fund, for example, supports almost nine million forcibly displaced people in 31 countries thanks to contributions from more than 40,000 donors. This determination to do good during Ramadan and Eid Al Fitr has also been prominent in the UAE. On Friday, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai revealed that a Ramadan campaign to help those in need raised more than Dh3.72 billion ($1.01 billion) in donations. The Fathers' Endowment campaign to provide treatment and health care for the needy attracted contributions from 277,000 donors. The spirit of Ramadan was also evident in the run-up to the holy month. In mid-February, it was announced that the UAE would send 300 tonnes of essential food supplies to Gaza on aid flights over three days to offer crucial support to embattled Palestinians during Ramadan. This was part of the Emirates' consistent humanitarian support for Palestinians. Nevertheless, much of the Arab world still faces many challenges. Impoverished Yemen marks Eid today largely under the isolating and autocratic rule of the Houthi militant group. In Palestine, the continuing Israeli occupation and accompanying violence still blights too many lives. Sudan, which is in the throes of a bitter and costly civil war, finds itself at a crossroads as government forces push their opponents from the capital. Such challenges mean that the generosity, empathy and consideration that characterises Eid Al Fitr will be needed for the foreseeable future. Practical support for those in countries that are trying to turn a corner on their difficult past or are struggling with new shocks must remain a feature of Eid celebrations, not just this year but in years to come.
Dubai Eye
29-03-2025
- Business
- Dubai Eye
Fathers' Endowment campaign gets AED 100 million boost
Education entrepreneur and philanthropist Sunny Varkey, along with his family, have announced a generous AED 100 million contribution to the Fathers' Endowment campaign. Launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the campaign honours fathers by creating a sustainable endowment fund to provide healthcare and treatment for those in need. Operating under the Mohammed bin Rashid Al Maktoum Global Initiatives, the campaign aims to promote sustainable humanitarian efforts, focusing on empowering underprivileged communities and ensuring access to healthcare. The Varkey family's contribution adds to a wave of support from government bodies, the private sector, and individuals, showcasing the UAE's commitment to humanitarian causes. Sunny Varkey, Founder and Executive Chairman of the GEMS Education Group, highlighted that the Father's Endowment campaign, continues the UAE's long-standing tradition of generosity since the nation's founding, stressing that its positive impact has reached communities worldwide, bringing hope to those in need. The campaign is welcoming donations from individuals and institutions through several channels, including its website, a dedicated call centre, bank transfers and SMS options. Contributions can also be made through the DubaiNow app and Jood, Dubai's community contributions platform. رجل الأعمال ورائد التعليم والعمل الخيري الهندي سوني فاركي وعائلته يقدمون 100 مليون درهم دعما لحملة #وقف_الأب ، التي تهدف لتكريم جميع الآباء في الإمارات، وإنشاء صندوق وقفي مستدام يوفر العلاج والرعاية الصحية للمحتاجين والفقراء حول العالم. تصدّق عن أبيك عبر الرابط في البايو. — مبادرات محمد بن راشد آل مكتوم العالمية (@MBRInitiatives) March 27, 2025
