Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) spent Dh1.1 billion ($299 million) in 2021 helping 91 million people in 97 countries, its largest number of beneficiaries in a single year, the foundation's annual report revealed.
Despite the challenge of Covid-19, MBRGI increased the number of beneficiaries of its initiatives by eight million people compared with 2020.
It also expanded its programmes, campaigns and relief and community initiatives to an additional 15 countries – confirming its position as the largest regional system for humanitarian relief, development and community work.
During the two years of the pandemic, the foundation spent Dh2.3bn.
The figures were announced during a special event at Shindagha Majlis in Dubai, where Sheikh Mohammed, Vice President and Ruler of Dubai, chaired the meeting of the initiative’s board of trustees and reviewed the 2021 annual report.
He said the UAE will continue on its journey of helping others.
“Our humanitarian, relief and community initiatives are continuing. We will continue our work for the sake of people,” Sheikh Mohammed said.
He said the country was proud of the many programmes and initiatives that were delivered with the help of nearly 145,000 volunteers.
"I am proud of Noor Dubai which reached 33 million beneficiaries. I am proud of the Reading Challenge, which reached 22 million students [and] proud of Dubai Cares, Suqia UAE, our Humanitarian & Charity Establishment, our awards, our societal, knowledge and humanitarian conferences,” he said.
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai and vice chairman of the board of trustees, said the achievements of MBRGI, with the help of staff and volunteers "have become a symbol of the UAE's commitment to man and humanity".
"The Mohammed bin Rashid Al Maktoum Global Initiatives has become a comprehensive system to empower individuals and societies, based on Mohammed bin Rashid’s vision that humanitarian work is an investment in a more stable and prosperous future for humanity," he said.
"Empowering the human being is the basis for the well-being of societies and this is the message of the Mohammed bin Rashid Al Maktoum Global Initiatives, which is reflected in its programmes, projects and strategic partnerships.”
Mohammed Al Gergawi, Minister of Cabinet Affairs and Secretary General of MBRGI, said: "The Mohammed bin Rashid Al Maktoum Global Initiatives builds today on its successes over recent years by designing and implementing excellent initiatives, enhancing its capabilities and expertise, continuing innovation in humanitarian relief and development work, and strengthening its pillars, thus enshrining the UAE’s status in this vital sector on the international level.”
100 million meals rises to one billion
At the start of Ramadan, Sheikh Mohammed launched UAE's One Billion Meals food campaign.
On Wednesday, the Dubai Ruler announced that he will donate the funds for 400 million meals to ensure the food campaign hit its target.
An impressive 600 million meals had already been secured through hundreds of thousands of generous donations since the campaign launched.
At the event at Shindagha Majlis, there was an unveiling of the Humanitarian Team mural, which includes pictures of all institutions affiliated with MBRGI.
Sheikh Mohammed signed the mural as a gesture of appreciation for the efforts of the employees and volunteers.
He also honoured the initiative's major donors and partners, who play an active role in achieving the humanitarian goals of the initiative.
Enhancing operational efficiency
MBRGI was established in 2015 as an umbrella for dozens of charity and humanitarian institutions that have been sponsored by Sheikh Mohammed for decades in a vision based on the institutionalisation of humanitarian and community work.
It includes 35 organisations and institutional initiatives that implement hundreds of projects, programmes and campaigns, within five main work pillars: humanitarian aid and relief; health care and disease control; spreading education and knowledge; innovation and entrepreneurship; and empowering communities.
MBRGI introduced enhancements to its operational efficiency and utilisation of resources in 2021, which helped it reach its largest number of beneficiaries.
In addition to its 571 employees, the initiative’s various campaigns attracted a record number of volunteers in 2021.
In total, 144,936 volunteers, an increase of 23,260 over 2020, supported the implementation of the many humanitarian relief, health, knowledge and cultural initiatives as well as community projects, programmes and campaigns.
Roll of honour 2019-2020
Dubai Rugby Sevens
Winners: Dubai Hurricanes
Runners up: Bahrain
West Asia Premiership
Winners: Bahrain
Runners up: UAE Premiership
UAE Premiership
Winners: Dubai Exiles
Runners up: Dubai Hurricanes
UAE Division One
Winners: Abu Dhabi Saracens
Runners up: Dubai Hurricanes II
UAE Division Two
Winners: Barrelhouse
Runners up: RAK Rugby
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
Company%C2%A0profile
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UAE currency: the story behind the money in your pockets
What can you do?
Document everything immediately; including dates, times, locations and witnesses
Seek professional advice from a legal expert
You can report an incident to HR or an immediate supervisor
You can use the Ministry of Human Resources and Emiratisation’s dedicated hotline
In criminal cases, you can contact the police for additional support
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Sukuk explained
Sukuk are Sharia-compliant financial certificates issued by governments, corporates and other entities. While as an asset class they resemble conventional bonds, there are some significant differences. As interest is prohibited under Sharia, sukuk must contain an underlying transaction, for example a leaseback agreement, and the income that is paid to investors is generated by the underlying asset. Investors must also be prepared to share in both the profits and losses of an enterprise. Nevertheless, sukuk are similar to conventional bonds in that they provide regular payments, and are considered less risky than equities. Most investors would not buy sukuk directly due to high minimum subscriptions, but invest via funds.
PROFILE OF INVYGO
Started: 2018
Founders: Eslam Hussein and Pulkit Ganjoo
Based: Dubai
Sector: Transport
Size: 9 employees
Investment: $1,275,000
Investors: Class 5 Global, Equitrust, Gulf Islamic Investments, Kairos K50 and William Zeqiri
Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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Company profile
Company: Verity
Date started: May 2021
Founders: Kamal Al-Samarrai, Dina Shoman and Omar Al Sharif
Based: Dubai
Sector: FinTech
Size: four team members
Stage: Intially bootstrapped but recently closed its first pre-seed round of $800,000
Investors: Wamda, VentureSouq, Beyond Capital and regional angel investors
Profile of Hala Insurance
Date Started: September 2018
Founders: Walid and Karim Dib
Based: Abu Dhabi
Employees: Nine
Amount raised: $1.2 million
Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
The Energy Research Centre
Founded 50 years ago as a nuclear research institute, scientists at the centre believed nuclear would be the “solution for everything”.
Although they still do, they discovered in 1955 that the Netherlands had a lot of natural gas. “We still had the idea that, by 2000, it would all be nuclear,” said Harm Jeeninga, director of business and programme development at the centre.
"In the 1990s, we found out about global warming so we focused on energy savings and tackling the greenhouse gas effect.”
The energy centre’s research focuses on biomass, energy efficiency, the environment, wind and solar, as well as energy engineering and socio-economic research.
European arms
Known EU weapons transfers to Ukraine since the war began: Germany 1,000 anti-tank weapons and 500 Stinger surface-to-air missiles. Luxembourg 100 NLAW anti-tank weapons, jeeps and 15 military tents as well as air transport capacity. Belgium 2,000 machine guns, 3,800 tons of fuel. Netherlands 200 Stinger missiles. Poland 100 mortars, 8 drones, Javelin anti-tank weapons, Grot assault rifles, munitions. Slovakia 12,000 pieces of artillery ammunition, 10 million litres of fuel, 2.4 million litres of aviation fuel and 2 Bozena de-mining systems. Estonia Javelin anti-tank weapons. Latvia Stinger surface to air missiles. Czech Republic machine guns, assault rifles, other light weapons and ammunition worth $8.57 million.
All the Money in the World
Director: Ridley Scott
Starring: Charlie Plummer, Mark Wahlberg, Michelle Williams, Christopher Plummer
Four stars
TCL INFO
Teams:
Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq
Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi
Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag
Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC
Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC
Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan
Venue Sharjah Cricket Stadium
Format 10 overs per side, matches last for 90 minutes
When December 14-17
Score
Third Test, Day 2
New Zealand 274
Pakistan 139-3 (61 ov)
Pakistan trail by 135 runs with 7 wickets remaining in the innings
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KILLING OF QASSEM SULEIMANI