ABU DHABI // An Emirati businessman donated Dh3 million to the Family Village Orphanage.
Engineer Abdullah Al Mousa handed a cheque to the secretary general of the Awqaf and Minors Affairs Foundation (AMAF), the organization responsible for the project.
The amount will go towards the construction and fit-out of a villa in phase one of the project, an initiative launched by Sheikh Mohammed bin Rashid, ruler of Dubai.
Eng Al Mousa said donating to such projects reflects the social responsibility responsibility approach that businessmen and corporations must adopt to become valuable contributors to the society.
The project will provide a home for orphans in a stable atmosphere.
AAlkhoori@thenational.ae
Should late investors consider cryptocurrencies?
Wealth managers recommend late investors to have a balanced portfolio that typically includes traditional assets such as cash, government and corporate bonds, equities, commodities and commercial property.
They do not usually recommend investing in Bitcoin or other cryptocurrencies due to the risk and volatility associated with them.
“It has produced eye-watering returns for some, whereas others have lost substantially as this has all depended purely on timing and when the buy-in was. If someone still has about 20 to 25 years until retirement, there isn’t any need to take such risks,” Rupert Connor of Abacus Financial Consultant says.
He adds that if a person is interested in owning a business or growing a property portfolio to increase their retirement income, this can be encouraged provided they keep in mind the overall risk profile of these assets.
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On racial profiling at airports
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