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Al Etihad
19 hours ago
- Business
- Al Etihad
Awqaf Dubai's endowment shares portfolio surpasses Dh9 million in H1
18 Aug 2025 12:44 DUBAI (WAM) The Endowments and Minors' Trust Foundation in Dubai (Awqaf Dubai) announced that the value of its endowment shares portfolio surpassed Dh9 million by the end of the first half of 2025, marking a 4.7 per cent increase from the same period last to a report by Awqaf Dubai's Investment Department, the robust performance of the endowment shares portfolio reflects the effectiveness of its investment policies in managing and growing endowment assets, safeguarding resource sustainability, and optimising returns to serve social and charitable portfolio comprises shares in companies listed on the Abu Dhabi Securities Exchange and the Dubai Financial Market, highlighting the diversity and adaptability of Awqaf Dubai's investments in navigating market fluctuations. This approach underscores Awqaf Dubai's commitment to prudent investment strategies that ensure the long-term growth and sustainability of endowment Al Mutawa, Secretary-General of Awqaf Dubai, stressed the foundation's dedication to expanding the scope of endowment investments and diversifying its channels, in line with Dubai's ambition to lead in innovative endowment practices and support sustainable humanitarian noted that this reflects the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to amplify the social impact of endowments and encourage broader community Mutawa noted that the rise in the portfolio's value reflects the generosity of endowors who have allocated financial shares to endowments, thereby strengthening the resources available for community and charitable Mutawa added that the full proceeds from the endowment shares are distributed annually to the designated causes, in accordance with the endowers' instructions. These include funding education for underprivileged students, providing medical treatment for those in need, supporting widows and orphans, empowering People of Determination, and other charitable initiatives. In 2018, Awqaf Dubai launched the 'Shares Endowment Service Initiative', the region's first dedicated account for managing endowment securities. This service enables citizens, residents, and financial investors to allocate part of their shareholdings as endowments, with the returns donated to eligible beneficiaries.
Observer
07-05-2025
- Observer
Qataris hooked on traditional fishing competition
On the Doha seashore, rows of wooden dhow boats line a pier, with scores of fish on display -- part of a festival seeking to revive the country's long seafaring tradition. Aboard the boats, men in customary sea gear -- a white t-shirt and towel -- pay tribute to the age-old tradition of line-fishing in the energy-rich Gulf emirate for the 11th edition of the Senyar festival. "The feeling was amazing," competitor Mohammed al-Hail told AFP as he returned from four days out at sea to waiting friends and family at the close of the festival in Katara Cultural Village, a hub for arts and heritage preservation in Doha. "As soon as we finished... here and there we saw our friends," said Hail, a naval officer. Nearby, children dressed in traditional white thobes tried to measure themselves against three hefty fish, their scales glossy in the afternoon sun, strung up for crowds of onlookers. The specimens -- each roughly 10 kilograms (22 pounds) -- were the largest caught during the week-long competition. This year, 54 teams gathered to catch fish using simple handheld fishing lines, living for days at a time aboard dhows, the wooden boats that criss-crossed the Gulf waters around Qatar for centuries. Competitors are rewarded for the biggest fish, but the most sought-after prize is presented for the number, quality and variety of fish caught using a points-based system that values hamour and kingfish over other local types. - Preserving heritage - Prior to the advent of the oil and gas industries, Qatar's economy, like many Gulf countries, was dominated by pearl-diving -- until artificial pearls began flooding the market in the 1920s -- as well as fishing. But while reliance on these practices is a thing of the past, Qataris like Hail and his teammate Mohammed al-Mohannadi are eager to preserve the heritage. "I feel good but I am not very happy about my result because I hoped to take first," Mohannadi said. "But God willing next competition... we'll have a good result," he added. Four days earlier, dozens of boats were scattered across the azure Gulf waters, roughly five kilometres (three miles) off the desert sands south of the Qatari capital. Onboard the "Lusail" boat, Yousuf al-Mutawa explained that his team was setting fishing lines to take advantage of a mid-morning lull in the winds. "When the wind comes down, the big fish come up," said Mutawa, whose 12-strong team was participating in the competition for the second year in a row. The 55-year-old director of operations for Qatar's Lusail city explained that his father had been a trader on a small wooden dhow until the 1940s. - '100 years back' - Mutawa said his father used to work on a ship between Qatar and Kuwait, "taking some food from there and bringing it here". Eventually, though, the boat was wrecked in high winds and his father took a job in Qatar's nascent oil industry, he explained. If you saw "100 years back how they were eating... it was difficult for them", Mutawa said. He added that his own sons had competed in previous years and he hoped they would again. Ali Almulla, a Dubai real estate manager, said he had travelled from the United Arab Emirates to join the "Lusail" team for the second year. "I came here to participate in the local traditional fishing. I'd say that's fun for us. It's nice to be with friends. It's good company," the 35-year-old said. "It's good to have the younger generations... aware of what our grandfathers did back then," he added. Almulla said his family also had deep roots in seafaring. "We got that from our father, and my grandfather and so on. My grandfather actually used to dive for pearls," he said. The competitor said he took part in sports fishing competitions around the Gulf, some using modern techniques and others, like the Senyar festival, more traditional. "Winning is nice, but we are here to enjoy," he added. —AFP
Kuwait Times
04-05-2025
- Kuwait Times
Qataris hooked on traditional fishing competition
DOHA: On the Doha seashore, rows of wooden dhow boats line a pier, with scores of fish on display -- part of a festival seeking to revive the country's long seafaring tradition. Aboard the boats, men in customary sea gear -- a white t-shirt and towel -- pay tribute to the age-old tradition of line-fishing in the energy-rich Gulf emirate for the 11th edition of the Senyar festival. "The feeling was amazing," competitor Mohammed al-Hail told AFP as he returned from four days out at sea to waiting friends and family at the close of the festival in Katara Cultural Village, a hub for arts and heritage preservation in Doha. "As soon as we finished... here and there we saw our friends," said Hail, a naval officer. Nearby, children dressed in traditional white thobes tried to measure themselves against three hefty fish, their scales glossy in the afternoon sun, strung up for crowds of onlookers. The specimens -- each roughly 10 kilograms (22 pounds) -- were the largest caught during the week-long competition. This year, 54 teams gathered to catch fish using simple handheld fishing lines, living for days at a time aboard dhows, the wooden boats that criss-crossed the Gulf waters around Qatar for centuries. Competitors are rewarded for the biggest fish, but the most sought-after prize is presented for the number, quality and variety of fish caught using a points-based system that values hamour and kingfish over other local types. A competitor displays the lure he uses in a line-fishing competition aboard a wooden dhow during the Senyar festival off the coast of Sealine beach, south of Doha. — AFP Preserving heritage Prior to the advent of the oil and gas industries, Qatar's economy, like many Gulf countries, was dominated by pearl-diving -- until artificial pearls began flooding the market in the 1920s -- as well as fishing. But while reliance on these practices is a thing of the past, Qataris like Hail and his teammate Mohammed al-Mohannadi are eager to preserve the heritage. "I feel good but I am not very happy about my result because I hoped to take first," Mohannadi said. "But God willing next competition... we'll have a good result," he added. Four days earlier, dozens of boats were scattered across the azure Gulf waters, roughly five kilometres (three miles) off the desert sands south of the Qatari capital. Onboard the "Lusail" boat, Yousuf al-Mutawa explained that his team was setting fishing lines to take advantage of a mid-morning lull in the winds. "When the wind comes down, the big fish come up," said Mutawa, whose 12-strong team was participating in the competition for the second year in a row. The 55-year-old director of operations for Qatar's Lusail city explained that his father had been a trader on a small wooden dhow until the 1940s. '100 years back' Mutawa said his father used to work on a ship between Qatar and Kuwait, "taking some food from there and bringing it here". Eventually, though, the boat was wrecked in high winds and his father took a job in Qatar's nascent oil industry, he explained. If you saw "100 years back how they were eating... it was difficult for them", Mutawa said. He added that his own sons had competed in previous years and he hoped they would again. Ali Almulla, a Dubai real estate manager, said he had travelled from the United Arab Emirates to join the "Lusail" team for the second year. "I came here to participate in the local traditional fishing. I'd say that's fun for us. It's nice to be with friends. It's good company," the 35-year-old said. "It's good to have the younger generations... aware of what our grandfathers did back then," he added. Almulla said his family also had deep roots in seafaring. "We got that from our father, and my grandfather and so on. My grandfather actually used to dive for pearls," he said. The competitor said he took part in sports fishing competitions around the Gulf, some using modern techniques and others, like the Senyar festival, more traditional. "Winning is nice, but we are here to enjoy," he added.—AFP
Malay Mail
04-05-2025
- Malay Mail
Doha's Senyar festival hooks younger generation on heritage with dhow fishing and Gulf pride
DOHA, May 4 — On the Doha seashore, rows of wooden dhow boats line a pier, with scores of fish on display – part of a festival seeking to revive the country's long seafaring tradition. Aboard the boats, men in customary sea gear – a white t-shirt and towel – pay tribute to the age-old tradition of line-fishing in the energy-rich Gulf emirate for the 11th edition of the Senyar festival. 'The feeling was amazing,' competitor Mohammed al-Hail told AFP as he returned from four days out at sea to waiting friends and family at the close of the festival in Katara Cultural Village, a hub for arts and heritage preservation in Doha. 'As soon as we finished... here and there we saw our friends,' said Hail, a naval officer. Nearby, children dressed in traditional white thobes tried to measure themselves against three hefty fish, their scales glossy in the afternoon sun, strung up for crowds of onlookers. The specimens – each roughly 10 kilograms (22 pounds) – were the largest caught during the week-long competition. This year, 54 teams gathered to catch fish using simple handheld fishing lines, living for days at a time aboard dhows, the wooden boats that criss-crossed the Gulf waters around Qatar for centuries. Competitors are rewarded for the biggest fish, but the most sought-after prize is presented for the number, quality and variety of fish caught using a points-based system that values hamour and kingfish over other local types. Men in customary sea gear – a white t-shirt and towel – reprise the age-old tradition of line-fishing in the energy-rich Gulf emirate for the 11th edition of the Senyar festival. — AFP pic Preserving heritage Prior to the advent of the oil and gas industries, Qatar's economy, like many Gulf countries, was dominated by pearl-diving – until artificial pearls began flooding the market in the 1920s – as well as fishing. But while reliance on these practices is a thing of the past, Qataris like Hail and his teammate Mohammed al-Mohannadi are eager to preserve the heritage. 'I feel good but I am not very happy about my result because I hoped to take first,' Mohannadi said. 'But God willing next competition... we'll have a good result,' he added. Four days earlier, dozens of boats were scattered across the azure Gulf waters, roughly five kilometres (three miles) off the desert sands south of the Qatari capital. Onboard the 'Lusail' boat, Yousuf al-Mutawa explained that his team was setting fishing lines to take advantage of a mid-morning lull in the winds. 'When the wind comes down, the big fish come up,' said Mutawa, whose 12-strong team was participating in the competition for the second year in a row. The 55-year-old director of operations for Qatar's Lusail city explained that his father had been a trader on a small wooden dhow until the 1940s. '100 years back' Mutawa said his father used to work on a ship between Qatar and Kuwait, 'taking some food from there and bringing it here'. Eventually, though, the boat was wrecked in high winds and his father took a job in Qatar's nascent oil industry, he explained. If you saw '100 years back how they were eating... it was difficult for them', Mutawa said. He added that his own sons had competed in previous years and he hoped they would again. A competitor displays the lure he uses in a line-fishing competition aboard a wooden dhow during the Senyar festival off the coast of Sealine beach, south of Doha, Qatar. — AFP pic Ali Almulla, a Dubai real estate manager, said he had travelled from the United Arab Emirates to join the 'Lusail' team for the second year. 'I came here to participate in the local traditional fishing. I'd say that's fun for us. It's nice to be with friends. It's good company,' the 35-year-old said. 'It's good to have the younger generations... aware of what our grandfathers did back then,' he added. Almulla said his family also had deep roots in seafaring. 'We got that from our father, and my grandfather and so on. My grandfather actually used to dive for pearls,' he said. The competitor said he took part in sports fishing competitions around the Gulf, some using modern techniques and others, like the Senyar festival, more traditional. 'Winning is nice, but we are here to enjoy,' he added. — AFP
Yahoo
04-05-2025
- Yahoo
Qataris hooked on traditional fishing competition
On the Doha seashore, rows of wooden dhow boats line a pier, with scores of fish on display -- part of a festival seeking to revive the country's long seafaring tradition. Aboard the boats, men in customary sea gear -- a white t-shirt and towel -- pay tribute to the age-old tradition of line-fishing in the energy-rich Gulf emirate for the 11th edition of the Senyar festival. "The feeling was amazing," competitor Mohammed al-Hail told AFP as he returned from four days out at sea to waiting friends and family at the close of the festival in Katara Cultural Village, a hub for arts and heritage preservation in Doha. "As soon as we finished... here and there we saw our friends," said Hail, a naval officer. Nearby, children dressed in traditional white thobes tried to measure themselves against three hefty fish, their scales glossy in the afternoon sun, strung up for crowds of onlookers. The specimens -- each roughly 10 kilograms (22 pounds) -- were the largest caught during the week-long competition. This year, 54 teams gathered to catch fish using simple handheld fishing lines, living for days at a time aboard dhows, the wooden boats that criss-crossed the Gulf waters around Qatar for centuries. Competitors are rewarded for the biggest fish, but the most sought-after prize is presented for the number, quality and variety of fish caught using a points-based system that values hamour and kingfish over other local types. - Preserving heritage - Prior to the advent of the oil and gas industries, Qatar's economy, like many Gulf countries, was dominated by pearl-diving -- until artificial pearls began flooding the market in the 1920s -- as well as fishing. But while reliance on these practices is a thing of the past, Qataris like Hail and his teammate Mohammed al-Mohannadi are eager to preserve the heritage. "I feel good but I am not very happy about my result because I hoped to take first," Mohannadi said. "But God willing next competition... we'll have a good result," he added. Four days earlier, dozens of boats were scattered across the azure Gulf waters, roughly five kilometres (three miles) off the desert sands south of the Qatari capital. Onboard the "Lusail" boat, Yousuf al-Mutawa explained that his team was setting fishing lines to take advantage of a mid-morning lull in the winds. "When the wind comes down, the big fish come up," said Mutawa, whose 12-strong team was participating in the competition for the second year in a row. The 55-year-old director of operations for Qatar's Lusail city explained that his father had been a trader on a small wooden dhow until the 1940s. - '100 years back' - Mutawa said his father used to work on a ship between Qatar and Kuwait, "taking some food from there and bringing it here". Eventually, though, the boat was wrecked in high winds and his father took a job in Qatar's nascent oil industry, he explained. If you saw "100 years back how they were eating... it was difficult for them", Mutawa said. He added that his own sons had competed in previous years and he hoped they would again. Ali Almulla, a Dubai real estate manager, said he had travelled from the United Arab Emirates to join the "Lusail" team for the second year. "I came here to participate in the local traditional fishing. I'd say that's fun for us. It's nice to be with friends. It's good company," the 35-year-old said. "It's good to have the younger generations... aware of what our grandfathers did back then," he added. Almulla said his family also had deep roots in seafaring. "We got that from our father, and my grandfather and so on. My grandfather actually used to dive for pearls," he said. The competitor said he took part in sports fishing competitions around the Gulf, some using modern techniques and others, like the Senyar festival, more traditional. "Winning is nice, but we are here to enjoy," he added. csp/aya/jsa/fec
