DUBAI // A campaign to raise money for social care and development projects in the United Arab Emirates has been launched today.
The project, called 'Dirham Wa Bas' (One Dirham Only), was announced by the Social Responsibility Fund, an initiative of the ministry of social affairs.
The campaign seeks to engage the public in social projects and encourages contributions of as little as one dirham. Donation boxes have been placed across the UAE, including all Emarat petrol stations, major shopping malls and retail stores.
"The 'Dirham Wa Bas' campaign is one of the initiatives of the Social Responsibility Fund aimed at supporting sections of society, which need our help, such as people with limited income, disabilities and the elderly," the minister of social affairs, Mariam Mohammed Khalfan al Roumi, said. "Everyone can contribute to this campaign."
The campaign tries to bridge the gap between the public and private sector and unite them to address and solve social and community issues, Mrs Roumi added.
The Dubai International Financial Centre (DIFC) will actively support the roll-out of the campaign with marketing efforts.
"It's a wonderful example of how different arms of society, including the Government and the private sector, can work together to involve the individual in contributing towards social issues in the UAE," Nasser Al Shaali, CEO of DIFC Authority, said.
* WAM
Global institutions: BlackRock and KKR
US-based BlackRock is the world's largest asset manager, with $5.98 trillion of assets under management as of the end of last year. The New York firm run by Larry Fink provides investment management services to institutional clients and retail investors including governments, sovereign wealth funds, corporations, banks and charitable foundations around the world, through a variety of investment vehicles.
KKR & Co, or Kohlberg Kravis Roberts, is a global private equity and investment firm with around $195 billion of assets as of the end of last year. The New York-based firm, founded by Henry Kravis and George Roberts, invests in multiple alternative asset classes through direct or fund-to-fund investments with a particular focus on infrastructure, technology, healthcare, real estate and energy.
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COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
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