Badr Jafar, an Emirati businessman and social entrepreneur, says the initiative has the potential to create a 'golden age of philanthropy' in the region. The National
Badr Jafar, an Emirati businessman and social entrepreneur, says the initiative has the potential to create a 'golden age of philanthropy' in the region. The National
Badr Jafar, an Emirati businessman and social entrepreneur, says the initiative has the potential to create a 'golden age of philanthropy' in the region. The National
Badr Jafar, an Emirati businessman and social entrepreneur, says the initiative has the potential to create a 'golden age of philanthropy' in the region. The National

NYUAD initiative to boost 'impactful philanthropy' across Middle East


Gillian Duncan
  • English
  • Arabic

A programme to study and promote philanthropy in the UAE and the region has been started in Abu Dhabi.

The Strategic Philanthropy Initiative is being run by New York University Abu Dhabi (NYUAD) in partnership with Emirati businessman and social entrepreneur Badr Jafar.

Mr Jafar said the initiative had the potential to create a “golden age of philanthropy” in the region.

In strategic philanthropy, instead of seeing the outcome as quantum of money, you see the outcome as impact generated
Badr Jafar,
an Emirati businessman and social entrepreneur

“This is particularly true in the Mena region, where 60 per cent of the population is under the age of 25,” he said.

“Equipping our youth with the tools, resources, and infrastructure needed to boost impact using their time, talent and treasure is a massive and timely opportunity, and this collaboration with NYUAD is well-positioned to champion this cause and make a real difference.”

A 2016 Wealth-X and Arton Capital report gives insights on the philanthropic trends of ultra high-net-worth people and it shows that they will pass on $3.9 trillion to the next generation over the next decade.

Mr Jafar said strategic philanthropy describes any form of “impact-driven giving” that is evidence based, planned and followed through to achieve the intended result.

“Rather than seeing the outcome as quantum of money, you see the outcome as impact generated. That’s a fundamental shift in thinking,” Mr Jafar said.

The initiative will focus on three areas: research to understand the past, present and possible future of philanthropy in the UAE and region; education for existing and aspiring philanthropists; and bringing people together to share ideas about the practice.

It will also run a student competition, as well as a prize in philanthropy to reward and inspire others to make donations that have an impact.

Somewhere between $400bn to $1tn is distributed throughout the Muslim world each year as a result of zakat and sadaqah donations, Mr Jafar said.

“That’s one figure, but another more depressing figure, on the other hand, is the fact that one in four Muslims lives below the poverty line,” he said.

“So one can’t help feel there is perhaps a better way to ensure this huge amount of philanthropic capital really meets the objectives that it is intended for, and maximise its impact.”

NYUAD Vice Chancellor Mariet Westermann said it was exciting to see economists and political scientists, social thinkers, next generational philanthropists, policymakers and NYUAD students join forces to make their communities better through strategic philanthropy.

“This partnership will advance the study, reach, and effectiveness of strategic philanthropy in the UAE, the wider region and the world, and drive collective action for change on the most pressing social and environmental issues,” she said.

NYUAD through the years - in pictures

  • The New York University Abu Dhabi campus during construction on Saadiyat Island. The university is celebrating its 10th anniversary this year. Silvia Razgova / The National
    The New York University Abu Dhabi campus during construction on Saadiyat Island. The university is celebrating its 10th anniversary this year. Silvia Razgova / The National
  • Students attend NYU Abu Dhabi's summer academy in July, 2011. Andrew Henderson / The National
    Students attend NYU Abu Dhabi's summer academy in July, 2011. Andrew Henderson / The National
  • The NYU Abu Dhabi campus under construction in July, 2009. Sammy Dallal / The National
    The NYU Abu Dhabi campus under construction in July, 2009. Sammy Dallal / The National
  • Work continues on the campus in September, 2009. Andrew Henderson / The National
    Work continues on the campus in September, 2009. Andrew Henderson / The National
  • Accessories and apparel during NYU Abu Dhabi's opening week in September, 2010. Lee Hoagland/ The National
    Accessories and apparel during NYU Abu Dhabi's opening week in September, 2010. Lee Hoagland/ The National
  • An abstract map of Abu Dhabi and New York on a wall at the campus. Lee Hoagland / The National
    An abstract map of Abu Dhabi and New York on a wall at the campus. Lee Hoagland / The National
  • New York University Abu Dhabi's campus on Saadiyat Island. Photo: NYUAD
    New York University Abu Dhabi's campus on Saadiyat Island. Photo: NYUAD
  • The university used temporary premises, next to the Abu Dhabi Heritage foundation, until the campus on Saadiyat island was completed. Lee Hoagland / The National
    The university used temporary premises, next to the Abu Dhabi Heritage foundation, until the campus on Saadiyat island was completed. Lee Hoagland / The National
  • The first day of classes at the new campus on Saadiyat Island, in September 2014. Lee Hoagland/The National
    The first day of classes at the new campus on Saadiyat Island, in September 2014. Lee Hoagland/The National
  • NYU Abu Dhabi is a collaboration between New York University and the Abu Dhabi government. Photo: NYU Abu Dhabi
    NYU Abu Dhabi is a collaboration between New York University and the Abu Dhabi government. Photo: NYU Abu Dhabi
  • The Saadiyat Island campus in October 2014. Photo: Tamkeen
    The Saadiyat Island campus in October 2014. Photo: Tamkeen
  • Yumi Gambrill in a laboratory at the university. She discovered that a UAE plant, Cleome rupicola, contains a substance that can be used against cataracts. Photo: NYU Abu Dhabi
    Yumi Gambrill in a laboratory at the university. She discovered that a UAE plant, Cleome rupicola, contains a substance that can be used against cataracts. Photo: NYU Abu Dhabi
  • Dr Ali Trabolsi, an associate professor of chemistry at NYU Abu Dhabi, led research that could help to improve cancer treatments. Chris Whiteoak / The National
    Dr Ali Trabolsi, an associate professor of chemistry at NYU Abu Dhabi, led research that could help to improve cancer treatments. Chris Whiteoak / The National
  • The High Line at the campus, named after a park in New York City. Photo: NYU Abu Dhabi
    The High Line at the campus, named after a park in New York City. Photo: NYU Abu Dhabi
  • Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, during a visit to the university. Hamad Al Kaabi / Crown Prince Court - Abu Dhabi
    Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces, during a visit to the university. Hamad Al Kaabi / Crown Prince Court - Abu Dhabi
  • Graduands receive their degree certificates during the university's ceremony in 2016. Christopher Pike / The National
    Graduands receive their degree certificates during the university's ceremony in 2016. Christopher Pike / The National
  • Award-winning Ali Al Mansoori, 16, will develop her research methods under the eye of NYU Abu Dhabi scientist, Mohamed Al Sayegh. NYU Abu Dhabi
    Award-winning Ali Al Mansoori, 16, will develop her research methods under the eye of NYU Abu Dhabi scientist, Mohamed Al Sayegh. NYU Abu Dhabi
  • Shamma Al Mazrui, Minister of State for Youth, and Vice Chancellor Alfred Bloom announce the distinguished alumni award winner during a graduation ceremony. Christopher Pike / The National
    Shamma Al Mazrui, Minister of State for Youth, and Vice Chancellor Alfred Bloom announce the distinguished alumni award winner during a graduation ceremony. Christopher Pike / The National
  • From left: Mohammad Mirza, Sangeetha Mahadevan, Hayat Hassan and Rodger Iradukunda in the university’s library on the first day of term. Lee Hoagland / The National
    From left: Mohammad Mirza, Sangeetha Mahadevan, Hayat Hassan and Rodger Iradukunda in the university’s library on the first day of term. Lee Hoagland / The National
  • The main library is designed with three oculi, which seep natural light throughout the premises and down through an elevated glass platform to the swimming pool and gym below. Lee Hoagland / The National
    The main library is designed with three oculi, which seep natural light throughout the premises and down through an elevated glass platform to the swimming pool and gym below. Lee Hoagland / The National
  • Graduands at the university's graduation ceremony in 2019. Leslie Pableo for The National
    Graduands at the university's graduation ceremony in 2019. Leslie Pableo for The National
  • A graduation ceremony at NYUAD. Leslie Pableo for The National
    A graduation ceremony at NYUAD. Leslie Pableo for The National
  • Dr Wael Rabeh, an associate professor of chemistry at the university. Photo: NYU Abu Dhabi
    Dr Wael Rabeh, an associate professor of chemistry at the university. Photo: NYU Abu Dhabi
  • Mohammad Qasaimeh, assistant professor of mechanical and biomedical engineering at NYUAD, demonstrates how the 3D-printed mechanical door opening mechanism works. Photo: Deepthi Unnikrishnan
    Mohammad Qasaimeh, assistant professor of mechanical and biomedical engineering at NYUAD, demonstrates how the 3D-printed mechanical door opening mechanism works. Photo: Deepthi Unnikrishnan
  • Social distancing signs on campus as part of Covid-19 safety measures. Courtesy: NYU Abu Dhabi
    Social distancing signs on campus as part of Covid-19 safety measures. Courtesy: NYU Abu Dhabi
THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

Results

5.30pm: Maiden Dh165,000 (Turf) 1,600m; Winner: Al Battar, Mickael Barzalona (jockey), Salem bin Ghadayer (trainer).

6.05pm: Maiden Dh165,000 (Dirt) 1,200m; Winner: Good Fighter, Richard Mullen, Satish Seemar.

6.40pm: Handicap Dh185,000 (T) 1,200m; Winner: Way Of Wisdom, Tadhg O’Shea, Satish Seemar.

7.15pm: Handicap Dh170,000 (D) 2,200m; Winner: Immortalised, Tadhg O’Shea, Satish Seemar.

7.50pm: Handicap Dh185,000 (T) 2,000m; Winner: Franz Kafka, James Doyle, Simon Crisford.

8.25pm: Handicap Dh185,000 (D) 1,200m; Winner: Mayadeen, Connor Beasley, Doug Watson.

9pm: Handicap Dh185,000 (T) 1,600m; Winner: Chiefdom, Mickael Barzalona, Salem bin Ghadayer

Top investing tips for UAE residents in 2021

Build an emergency fund: Make sure you have enough cash to cover six months of expenses as a buffer against unexpected problems before you begin investing, advises Steve Cronin, the founder of DeadSimpleSaving.com.

Think long-term: When you invest, you need to have a long-term mindset, so don’t worry about momentary ups and downs in the stock market.

Invest worldwide: Diversify your investments globally, ideally by way of a global stock index fund.

Is your money tied up: Avoid anything where you cannot get your money back in full within a month at any time without any penalty.

Skip past the promises: “If an investment product is offering more than 10 per cent return per year, it is either extremely risky or a scam,” Mr Cronin says.

Choose plans with low fees: Make sure that any funds you buy do not charge more than 1 per cent in fees, Mr Cronin says. “If you invest by yourself, you can easily stay below this figure.” Managed funds and commissionable investments often come with higher fees.

Be sceptical about recommendations: If someone suggests an investment to you, ask if they stand to gain, advises Mr Cronin. “If they are receiving commission, they are unlikely to recommend an investment that’s best for you.”

Get financially independent: Mr Cronin advises UAE residents to pursue financial independence. Start with a Google search and improve your knowledge via expat investing websites or Facebook groups such as SimplyFI. 

RESULTS

2pm: Handicap (PA) Dh40,000 (Dirt) 1,000m
Winner: AF Mozhell, Saif Al Balushi (jockey), Khalifa Al Neyadi (trainer)

2.30pm: Maiden (PA) Dh40,000 (D) 2,000m
Winner: Majdi, Szczepan Mazur, Abdallah Al Hammadi.

3pm: Handicap (PA) Dh40,000 (D) 1,700m
Winner: AF Athabeh, Tadhg O’Shea, Ernst Oertel.

3.30pm: Handicap (PA) Dh40,000 (D) 1,700m
Winner: AF Eshaar, Bernardo Pinheiro, Khalifa Al Neyadi

4pm: Gulf Cup presented by Longines Prestige (PA) Dh150,000 (D) 1,700m
Winner: Al Roba’a Al Khali, Al Moatasem Al Balushi, Younis Al Kalbani

4.30pm: Handicap (TB) Dh40,000 (D) 1,200m
Winner: Apolo Kid, Antonio Fresu, Musabah Al Muahiri

US tops drug cost charts

The study of 13 essential drugs showed costs in the United States were about 300 per cent higher than the global average, followed by Germany at 126 per cent and 122 per cent in the UAE.

Thailand, Kenya and Malaysia were rated as nations with the lowest costs, about 90 per cent cheaper.

In the case of insulin, diabetic patients in the US paid five and a half times the global average, while in the UAE the costs are about 50 per cent higher than the median price of branded and generic drugs.

Some of the costliest drugs worldwide include Lipitor for high cholesterol. 

The study’s price index placed the US at an exorbitant 2,170 per cent higher for Lipitor than the average global price and the UAE at the eighth spot globally with costs 252 per cent higher.

High blood pressure medication Zestril was also more than 2,680 per cent higher in the US and the UAE price was 187 per cent higher than the global price.

500 People from Gaza enter France

115 Special programme for artists

25   Evacuation of injured and sick

SPEC%20SHEET%3A%20SAMSUNG%20GALAXY%20Z%20FOLD%204
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Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
Company%20profile
%3Cp%3ECompany%20name%3A%20Shipsy%3Cbr%3EYear%20of%20inception%3A%202015%3Cbr%3EFounders%3A%20Soham%20Chokshi%2C%20Dhruv%20Agrawal%2C%20Harsh%20Kumar%20and%20Himanshu%20Gupta%3Cbr%3EBased%3A%20India%2C%20UAE%20and%20Indonesia%3Cbr%3ESector%3A%20logistics%3Cbr%3ESize%3A%20more%20than%20350%20employees%3Cbr%3EFunding%20received%20so%20far%3A%20%2431%20million%20in%20series%20A%20and%20B%20rounds%3Cbr%3EInvestors%3A%20Info%20Edge%2C%20Sequoia%20Capital%E2%80%99s%20Surge%2C%20A91%20Partners%20and%20Z3%20Partners%3C%2Fp%3E%0A
Company profile

Date started: January, 2014

Founders: Mike Dawson, Varuna Singh, and Benita Rowe

Based: Dubai

Sector: Education technology

Size: Five employees

Investment: $100,000 from the ExpoLive Innovation Grant programme in 2018 and an initial $30,000 pre-seed investment from the Turn8 Accelerator in 2014. Most of the projects are government funded.

Partners/incubators: Turn8 Accelerator; In5 Innovation Centre; Expo Live Innovation Impact Grant Programme; Dubai Future Accelerators; FHI 360; VSO and Consult and Coach for a Cause (C3)

Our legal consultants

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

COMPANY%20PROFILE
%3Cp%3ECompany%20name%3A%20CarbonSifr%3Cbr%3EStarted%3A%202022%3Cbr%3EBased%3A%20Dubai%3Cbr%3EFounders%3A%20Onur%20Elgun%2C%20Mustafa%20Bosca%20and%20Muhammed%20Yildirim%3Cbr%3ESector%3A%20Climate%20tech%3Cbr%3EInvestment%20stage%3A%20%241%20million%20raised%20in%20seed%20funding%3Cbr%3E%3C%2Fp%3E%0A
Our legal columnist

Name: Yousef Al Bahar

Advocate at Al Bahar & Associate Advocates and Legal Consultants, established in 1994

Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

 

 

Brief scores:

Manchester United 4

Young 13', Mata 28', Lukaku 42', Rashford 82'

Fulham 1

Kamara 67' (pen),

Red card: Anguissa (68')

Man of the match: Juan Mata (Man Utd)

The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

Book%20Details
%3Cp%3E%3Cem%3EThree%20Centuries%20of%20Travel%20Writing%20by%20Muslim%20Women%3C%2Fem%3E%3Cbr%3E%3Cstrong%3EEditors%3A%20%3C%2Fstrong%3ESiobhan%20Lambert-Hurley%2C%20Daniel%20Majchrowicz%2C%20Sunil%20Sharma%3Cbr%3E%3Cstrong%3EPublisher%3A%20%3C%2Fstrong%3EIndiana%20University%20Press%3B%20532%20pages%3Cbr%3E%3C%2Fp%3E%0A
BRAZIL%20SQUAD
%3Cp%3EGoalkeepers%3A%20Alisson%2C%20Ederson%2C%20Weverton%3Cbr%3E%3Cbr%3EDefenders%3A%20Dani%20Alves%2C%20Marquinhos%2C%20Thiago%20Silva%2C%20Eder%20Militao%20%2C%20Danilo%2C%20Alex%20Sandro%2C%20Alex%20Telles%2C%20Bremer.%3Cbr%3E%3Cbr%3EMidfielders%3A%20Casemiro%2C%20Fred%2C%20Fabinho%2C%20Bruno%20Guimaraes%2C%20Lucas%20Paqueta%2C%20Everton%20Ribeiro.%3Cbr%3E%3Cbr%3EForwards%3A%20Neymar%2C%20Vinicius%20Junior%2C%20Richarlison%2C%20Raphinha%2C%20Antony%2C%20Gabriel%20Jesus%2C%20Gabriel%20Martinelli%2C%20Pedro%2C%20Rodrygo%3C%2Fp%3E%0A
'The worst thing you can eat'

Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.

Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines: 

Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.

Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.

Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.

Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.

Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.

The specs: 2018 Jeep Grand Cherokee Trackhawk


Price, base: Dh399,999
Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
Power: 707hp @ 6,000rpm
Torque: 875Nm @ 4,800rpm
Fuel economy, combined: 16.8L / 100km (estimate)

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EEducatly%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EUAE%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EMohmmed%20El%20Sonbaty%2C%20Joan%20Manuel%20and%20Abdelrahman%20Ayman%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3EEducation%20technology%3Cbr%3E%3Cstrong%3EFunding%20size%3A%20%3C%2Fstrong%3E%242%20million%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EEnterprise%20Ireland%2C%20Egypt%20venture%2C%20Plus%20VC%2C%20HBAN%2C%20Falak%20Startups%3C%2Fp%3E%0A
Updated: September 28, 2021, 4:15 AM