UAE | General
Dh37b boost for scientific activities
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in his capacity as Ruler of Dubai issued a law to establish the Mohammad Bin Rashid Foundation with a Dh37 billion capital to be invested to support and develop scientific and knowledge activities.
- WAM
- Published: 23:47 March 21, 2008
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, in his capacity as Ruler of Dubai issued a law to establish the Mohammad Bin Rashid Foundation with a Dh37 billion capital to be invested to support and develop scientific and knowledge activities.
The announcement was first made last May. The objectives of the foundation are to design and administrate programmers, supporting a developed knowledge base, upgrading scientific research centres, publishing and translation, offering scholarships, and redeveloping and setting skills of a generation of leaders in scientific areas, from both the government and private sectors.
Special programmes
The foundation aims to encourage youths to create and lead in different businesses through special programmes and financial funds to support these activities.
The foundation will also establish museums, specialised libraries, research centres and publishing and translation houses. It will launch international awards in the fields of culture, literature, knowledge and science.
The law stipulated that the foundation will be run by a board of directors which will include a chairman, a deputy and five members, to be appointed for three years by the Ruler. The executive apparatus of the foundation will include a director who will be appointed by the chairman.
The foundation will be financed from the Ruler's allocated sum, profits and revenues.
Share this article
Popular in UAE
-
Your pictures
Readers' pictures
The best reader pictures from around the UAE this week
Latest news
- Festival expected to galvanise UAE's Pakistani community
- Free SMS offer for paid parking in Dubai
- UAE visitor admits to possessing fake notes
- Men get bail in Dubai due to lack of translator
- Security trial in UAE adjourned until December
- Colombia seeks stronger ties with UAE
- Embassy in Abu Dhabi provides glimpse of Indian culture
- Conference on combatting crime through sports begins
- Duo develop low energy desalting process
- Passer-by foils Dh2.5m robbery bid in Dubai
- Sharjah book fair to focus on innovative publishers
- UAE official urges corporate support for diabetes control initiatives
- Brothers deny vandalising plaintiff's car
- Over 6,000 Haj pilgrims to get vaccines
- Abu Dhabi residential city on track
Community Reports
-
Pavement parking irks pedestrians
Gulf News reader calls on authorities to step in and stop car owners from invading pathways meant for safe walking
-
Faded parking lines pose a problem
Motorists could be fined for parking incorrectly even though they can hardly see the boundaries in the designated areas
-
School buses block residential parking
Commercial vehicles taking up free parking facilities in Al Wuheida, inconveniencing residents in surrounding villas
-
Community report: Doing their bit for poor children
A group of students takes concrete action to raise funds for Dubai Cares
