You are hereHome
Abu Dhabi donating US$150 million to Washington DC children's hospital
Source: BI-ME , Author: BI-ME staff
Posted: Thu September 17, 2009 12:24 pm

UAE. The government of Abu Dhabi announced a donation of US$150 million to Children's National Medical Center in Washington.

The donation announced Wednesday is one of the largest ever to a US pediatric hospital.

It will fund the establishment of the Sheikh Zayed Institute for Pediatric Surgical Innovation, named after Sheikh Zayed, the UAE’s founder and former president, where doctors will collaborate to improve surgeries for children.
 
The gift, to be paid over five years, will enable the institution to hire more than 100 surgeons, researchers and staff members, the Washington Post reports.

“This landmark gift is a remarkable investment in knowledge and ideas,” said Edwin Zechman Jr, the hospital’s president and chief executive. “It’s not just a gift, it’s a catalyst that will spark innovation to benefit children worldwide.”

This gift was arranged by Washington philanthropist Joseph E. Robert Jr., whose son underwent a 10-hour surgery at the hospital nearly a decade ago to rebuild his chest wall.

Efforts to secure funding from Abu Dhabi have been in the works for the past year and were borne out of a friendship between Sheikh Mohammed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and  Robert, reported the Abu Dhabi-based daily, The National.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 25, 2015
JORDAN. Lower oil prices will support growth prospects, ease pressure on public finances, and help contain current account deficits. Bilateral loans and grants will support financing needs.
date:Posted: April 25, 2015
UAE. "Arab cinema industry must get more commercial and international," says Mohamed Hefzy, the award winning Egyptian producer and director; More investment is needed in Arab entertainment sector to enable the players to raise the bar, according to Fortress Capital Investments.
date:Posted: April 24, 2015
INTERNATIONAL. The rally in crude oil and related products continues, and during the week it helped offset losses in industrial and precious metals, leaving the BBG Commodity Index flat.
dhgate