Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, with Mirwais Azizi, the founder and chairman of Azizi Developments. Photo: Dubai Media Office
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, with Mirwais Azizi, the founder and chairman of Azizi Developments. Photo: Dubai Media Office
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, with Mirwais Azizi, the founder and chairman of Azizi Developments. Photo: Dubai Media Office
Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, with Mirwais Azizi, the founder and chairman of Azizi Developments. Photo: Dubai Media Office

UAE education fund is pledged Dh600m to build 'Dubai's best school'


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Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, has hailed a Dh600 million pledge to the UAE's Mothers' Endowment education drive as one of the largest charitable donations in the country's history.

Azizi Developments, a leading Dubai-based real estate company, said it would make the major donation in an effort to establish the emirate's “best school and education complex”.

Sheikh Hamdan said the significant investment underlined the crucial role played by the private sector in supporting the nation's growth.

The project was agreed by Mohammed bin Rashid Al Maktoum Global Initiatives, which is overseeing the campaign, and Azizi Developments at an event attended by Sheikh Hamdan on Wednesday.

“In a generous act of philanthropy, Azizi Developments has committed to donating Dh600 million towards the construction of an educational complex,” Sheikh Hamdan wrote on X.

“This is one of the largest ever charitable donations in the UAE.

“We thank Mirwais Azizi, the founder and chairman of Azizi Developments, for his contribution. This gesture exemplifies the vital role the private sector plays in Dubai as a partner in the nation's development.”

Mr Azizi said the donation would be the biggest ever made by the company.

“This donation will be used in the education sector to build the best school and education centre in Dubai," he said, in a video message shared on social media.

“It will be the best education centre in the region.”

Investing in the future

The Mothers' Endowment campaign was launched by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, to coincide with the start of Ramadan.

The philanthropic scheme aims to establish a Dh1 billion endowment fund to support the education of millions around the world.

The initiative has already raised Dh770 million in its first two weeks, it was announced on Tuesday.

Mohammad Al Gergawi, secretary general of Mohammed bin Rashid Al Maktoum Global Initiatives, who is overseeing the campaign, said the UAE was committed to ensuring access to education for all sections of society.

“The agreement signed with Azizi Developments as part of the Mothers’ Endowment campaign is a significant addition to the humanitarian efforts made in the UAE, particularly by MBRGI to uplift underprivileged communities," said Mr Gergawi, who also serves as Minister of Cabinet Affairs.

"This is achieved through a focus on education, which we see as the optimal investment and insurance against both current and future challenges, and a pathway towards prosperity and a better quality of life.

“I am confident that MBRGI will continue to accomplish its mission in the field of sustainable education, driven by extensive experience and continuous changes in its strategy, as well as the contributions of UAE philanthropists who are keen to support humanitarian initiatives,” he added.

Earlier this month, Sheikh Hamdan announced a new university is to be built in Dubai under the Mothers' Endowment scheme, backed by a Dh400 million ($108.9 million) donation from Sobha Realty.

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

UAE currency: the story behind the money in your pockets
The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

The specs: 2018 Volkswagen Teramont

Price, base / as tested Dh137,000 / Dh189,950

Engine 3.6-litre V6

Gearbox Eight-speed automatic

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Fuel economy, combined 11.7L / 100km

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

Trump v Khan

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COMPANY PROFILE
Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
COMPANY%20PROFILE
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White hydrogen: Naturally occurring hydrogenChromite: Hard, metallic mineral containing iron oxide and chromium oxideUltramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica contentOphiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on landOlivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour

The%20specs
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UAE currency: the story behind the money in your pockets
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- Three wins in past 10 starts
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Singham Again

Director: Rohit Shetty

Stars: Ajay Devgn, Kareena Kapoor Khan, Ranveer Singh, Akshay Kumar, Tiger Shroff, Deepika Padukone

Rating: 3/5

Results

6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m; Winner: Ghaiyyath, William Buick (jockey), Charlie Appleby (trainer).

7.05pm: Handicap $135,000 (T) 1,600m; Winner: Cliffs Of Capri, Tadhg O’Shea, Jamie Osborne.

7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m; Winner: Down On Da Bayou, Mickael Barzalona, Salem bin Ghadayer.

8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m; Winner: Zakouski, James Doyle, Charlie Appleby.

8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.

Results

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3.30pm: Maiden (PA) Dh40,000 (D) 2,000m; Winner: Al Ajayib, Antonio Fresu, Eric Lemartinel

4pm: Handicap (PA) Dh40,000 (D) 1,700m; Winner: Ashtr, Abdul Aziz Al Balushi, Majed Al Jahouri

4.30pm: Handicap (TB) Dh40,000 (D) 1,700m; Winner: Falcon Claws, Szczepan Mazur, Doug Watson

5pm: Sheikh Dr Sultan bin Khalifa Al Nahyan Cup – Prestige Handicap (PA) Dh100,000 (D) 1,700m; Winner: Al Mufham SB, Al Moatasem Al Balushi, Badar Al Hajri

5.30pm: Sharjah Marathon – Handicap (PA) Dh70,000 (D) 2,700m; Winner: Asraa Min Al Talqa, Al Moatasem Al Balushi, Helal Al Alawi

Mumbai Indians 213/6 (20 ov)

Royal Challengers Bangalore 167/8 (20 ov)

Company Profile

Company name: Fine Diner

Started: March, 2020

Co-founders: Sami Elayan, Saed Elayan and Zaid Azzouka

Based: Dubai

Industry: Technology and food delivery

Initial investment: Dh75,000

Investor: Dtec Startupbootcamp

Future plan: Looking to raise $400,000

Total sales: Over 1,000 deliveries in three months

Updated: April 23, 2024, 7:27 AM