Latest news with #AED14
Hi Dubai
3 days ago
- Business
- Hi Dubai
Awqaf Dubai Approves AED35.7 million in Direct Benefits for 2025, Marks 16% Increase
The Board of Directors of the Endowment and Minors' Trust Foundation in Dubai (Awqaf Dubai) has authorised AED35.7 million in direct financial benefits for 2025, marking a 16% increase over last year's allocation. The decision was made during the Board's tenth meeting of the year, chaired by Issa Al Ghurair, with the participation of Ali Al Mutawa, Secretary-General of Awqaf Dubai, and other senior members. The approved cash dividend represents a 3.5% return on investment, reflecting Awqaf Dubai's efforts to maximise sustainable yields while maintaining transparency and responsible governance. In addition to the dividend, AED14.3 million was allocated to the reserve fund to further reinforce financial stability. During the meeting, the Board reviewed the 2024 financial report, which revealed that the Minors' Trust Fund, valued at AED1.022 billion, generated AED64 million in revenue. After AED14 million in expenses, the resulting net surplus stood at AED50 million, forming the basis for this year's dividend distribution. The Board also assessed ongoing investment projects, most notably the Al Khawaneej Mall development, a flagship initiative aimed at enhancing endowment returns and contributing to Dubai's broader economic and social goals. The Board praised the project's progress and emphasised the importance of meeting its scheduled milestones. Issa Al Ghurair reaffirmed Awqaf Dubai's commitment to developing impactful endowment projects that support community needs, promote social cohesion, and align with Dubai Vision 2030. Secretary-General Ali Al Mutawa highlighted the Foundation's focus on expanding endowment assets and fund portfolios with the goal of long-term sustainability and benefit for minors. The meeting underscored Awqaf Dubai's dedication to effective financial stewardship and sustainable development, ensuring a lasting positive impact on the communities it serves. News Source: Emirates News Agency
Sharjah 24
05-07-2025
- Business
- Sharjah 24
Hamdan bin Zayed reviews Abu Dhabi Heritage Authority strategy
The meeting came within the framework of the wise leadership's continued support for national efforts to preserve heritage and strengthen its presence in society. During the meeting, the strategic framework of the Abu Dhabi Heritage Authority was reviewed. The framework encompasses over 62 projects and 231 activities, reflecting the Authority's vision to solidify and promote national identity values rooted in heritage across generations. The strategy aims to nurture talent in heritage and poetry, empower the heritage economy through the support of traditional crafts and industries, and enhance the global presence of Emirati heritage. Sheikh Hamdan stressed that safeguarding authentic Emirati heritage and passing it on to future generations is a national and societal responsibility. He said this responsibility reflects the vision of the UAE's leadership and deep-rooted identity, affirming that Emirati heritage will remain a vital and inspiring presence in the lives of the country's youth. He highlighted that this interest stems from the directives and continued support of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, who places great emphasis on Emirati heritage as a fundamental pillar of national identity and a source of inspiration for future generations. Sheikh Hamdan praised the efforts of the Authority and its personnel, commending the initiatives that align with community aspirations and preserve the nation's collective memory. He instructed the expansion of activities and the enhancement of outreach and public communication tools to boost the UAE's cultural presence locally and globally. He was also briefed on the details of the festival and event plans for the Al Dhafra Region, which annually attract more than 450,000 visitors. Among the key events is the 21st edition of the Liwa Dates Festival, which draws over 116,000 visitors and is supported by a budget exceeding AED14 million. The festival supports farmers and productive farms while stimulating economic and tourism activity in the region. It also reinforces the status of the palm tree as a symbol of the UAE's rich heritage. The event features 23 competitions, including contests for dates and summer fruits, among others, with total prize money exceeding AED8 million. The festival includes dedicated areas for participating entities, traditional markets, productive families and heritage crafts, thereby enhancing community participation and encouraging future generations to uphold traditional customs and values.
Associated Press
05-02-2025
- Health
- Associated Press
MGallery The Retreat Palm Dubai Welcomes MyCells Longevity Clinic by SuperiorMed, Elevating Holistic Wellness Offerings
/ -- MGallery The Retreat Palm Dubai is proud to announce the opening of MyCells Longevity Clinic by SuperiorMed, a globally renowned leader in personalised longevity medicine. MyCells Longevity Clinic will replace ASA Ayurveda Clinic, bringing an enhanced wellness experience to the heart of Palm Jumeirah. With a strong legacy in holistic health and longevity retreats, MyCells Longevity Clinic is celebrated for its science-backed, tailor-made health programs. With a strong legacy of holistic health practices and longevity retreats, MyCells Longevity clinic by SuperiorMed is celebrated in China for its comprehensive approach to well-being - now making its first expansion into the Middle East. This exclusive Dubai location offers guests a seamless fusion of traditional Chinese wellness therapies and cutting-edge longevity programs, expertly tailored to rejuvenate body, mind and spirit. Samir Arora, General Manager of MGallery The Retreat Palm Dubai, commented: 'We are thrilled to introduce MyCells Longevity Clinic to MGallery The Retreat Palm Dubai. This addition reinforces our commitment to providing guests with transformative wellness experiences that draw from rich cultural traditions. MyCells' expertise in longevity and holistic health will elevate our wellness offerings, positioning us as a premier destination for luxury and rejuvenation in Dubai.' Sida Pan, CEO of SuperiorMed Healthcare Management, added: 'Our mission at MyCells Longevity Clinic is to revolutionise the way people approach aging and well-being. We believe longevity is not just about extending life but enhancing its quality. Through this partnership with MGallery the Retreat Palm Dubai, we bring our expertise in precision longevity medicine to a world-class wellness destination, offering guests a unique opportunity to invest in their long-term health.' As part of its launch, MyCells Longevity Clinic introduces the Forever Young Longevity Retreat, a 4-day, 3-night immersive wellness experience designed to rejuvenate body, mind and spirit, is now available starting from AED14,900 per person. The Forever Young Longevity Retreat includes: ● Personalised Pre-Arrival Consultation with a wellness coach ● Daily Healthy Breakfasts at Vibe All-Day Dining Restaurant ● Comprehensive Health Assessment with a licensed longevity doctor ● Vital Health Screening and Advanced Oligoscan Analysis ● Tailor-Made Longevity Program with a customised 3-day treatment plan ● Unlimited Access to the gym, sauna, steam room, Jacuzzi, private beach and pool For reservations and more information, please WhatsApp +971 50 836 8502, call +971 4 524 7715, or email [email protected]. Stay updated on Instagram: @theretreatpalmdubai. (ends) PR Contact: Gemma L'Appanna Founder and CEO, L'Atelier Consulting Phone: +971555163914 ABOUT MGALLERY THE RETREAT PALM DUBAI HOTEL COLLECTION The Retreat Palm Dubai is Dubai's first 5-star family-friendly wellness resort. Nestled on the iconic Palm Jumeirah, the resort offers a tranquil haven where guests can rejuvenate and relax amidst stunning beachfront views. With a focus on holistic wellness, The Retreat Palm Dubai provides a range of wellness activities, world-class dining options and luxurious accommodations. For more information visit or follow on instagram @theretreatpalmdubai. About MyCells Longevity Clinic by SuperiorMed MyCells Longevity Clinic by SuperiorMed is a global pioneer in personalised longevity and regenerative medicine, with over a decade of experience in cutting-edge wellness solutions. The clinic specialises in science-backed, tailor-made health programs, leveraging the latest advancements in cellular regeneration, metabolic optimization, hormone balancing and preventive health. Led by a team of renowned longevity doctors, wellness experts and medical specialists, MyCells combines traditional holistic healing with advanced medical technologies to help individuals enhance their well-being, boost vitality, and extend their health span. ABOUT MGALLERY HOTEL COLLECTION The MGallery Collection brand thoughtfully selects and curates unique properties around the world, forming a storied collection of boutique hotels with true soul where captivating stories are lived and shared. These more than 120 boutique hotels all around the world enjoy a unique history, inspired by the remarkable past of the building or destination that welcomes it, allowing guests to live memorable moments. MGallery Collection establishments are hotels in which guests live the most beautiful experiences, marked by exceptional interiors, an art of mixology that awakens all the senses, and a well-being focused on balance in everyday life. MGallery Collection customers leave with an unconditional desire to discover the other jewels of the brand to live a new unique experience. The most renowned hotels in this collection include the Hotel Molitor in Paris, the Municipal Liverpool in the UK, the Santa Teresa Hotel in Rio de Janeiro, the Manly Pacific in Sydney in Australia, the Athens Capital in Greece or the Saigon Arts Hotel in Vietnam. MGallery Collection is part of Accor, a world leading hospitality group counting over 5,700 properties throughout more than 110 countries, and a participating brand in ALL -Accor Live Limitless – a lifestyle loyalty program providing access to a wide variety of rewards, services and experiences. | | Gemma LAppanna + +971 55 516 3914
