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Gloria Hotel innovates a first endowment room to support treatment of needy families |
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In coincidence with the decision of His Highness Sheikh Khalifa bin Zayed Al Nahyan declared 2017 as the 'Year of Giving, Gloria Hotel announced its participation in the Global Endowment Vision adopted by His Highness Sheikh Mohammed Bin Rashid Al Maktoum- the Vice President, and Prime Minister of the UAE and Ruler of Dubai- for the revival of endowment as a developmental practice for communities. Gloria Hotel has innovated an endowment room with percentage of revenue goes to support treatment of needy families, revenues go to charity societies (no submission of applications). Based on this initiative, Gloria Hotel will receive the Dubai Endowment Sign from the MBRGCEC, one of the key initiatives under the Mohammed bin Rashid Global Initiatives, in recognition of their contribution to the community as a model for private sector enterprises. This sign gives procurement privileges for the private sector with Government of Dubai entities as per the directives of H.H. Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai. “The idea of innovative endowment is a distinctive and new concept, which serves the needs of society, our participation to create the first endowment room in the world has come due to our belief in the importance of the decision adopted by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, the President of the UAE, to declare 2017 “the Year of Giving”. In addition to our support to the Global Endowment Vision adopted by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Vice President, and Prime Minister of the UAE and Ruler of Dubai” Freddy Farid, the Area General Manager of Gloria Hotel said. Dr. Hamad Al Hammady, Secretary-General of the Mohammed bin Rashid Global Centre for Endowment Consultancy says that: " Innovation in creating endowment ideas and initiatives is unlimited, we are always looking for new Innovative ideas from both government and private sector entities, to develop and service our local society, the Innovative endowment, part of the Global Vision for Endowments, which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai has opened a wide door to the development of communities, which brings this important development tool to support community development”. Adding” Gloria Hotel has carted a global new idea in endowment, and we are so proud that it has started in Dubai. " The Secretary General of the Centre said that the website - www.MBRgcec.ae is ready to receive inquiries from all interested individuals and organizations wishing to obtain the Dubai Endowment Sign. The Secretary General of the Centre said that the website - www.MBRgcec.ae is ready to receive inquiries from all interested individuals and organizations wishing to obtain the Dubai Endowment Sign. The Dubai Endowment Sign was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, as a key initiative of the Global Vision for Awqaf and Endowments, and highlights community participation by providing an opportunity to government and private sector institutions to participate in community service through innovative endowments in favor of the development needs of the community. The Mohammed Bin Rashid Global Centre for Endowment Consultancy, one of the Mohammed bin Rashid Global Initiatives, will oversee the largest global initiative to revive Endowments including legislation and rules for endowments, products and services and the Endowment district. The new Centre will work on the implementation of the Dubai Awqaf and Endowments Strategy and achieving the Global Vision in this area by stimulating and empowering awqaf and endowments to meet the pressing social needs of people. The Centre will provide services to members of local, regional and global institutions at no cost to convert Awqaf into one of the main catalysts of development in the Arab world. The Centre works to provide Awqaf and endowment consulting according to international best practices, and consulting in wqaf and endowments deployment options to enhance the social impact for the benefit of the Arab people. The Centre also works on knowledge management in the field of Awqaf and endowments through research, studies and the organization of conferences, workshops and partnerships, as well as capacity-building and raising the efficiency of employees working in this area. |
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