UAE Exchange pledges Dh10m to Dubai Cares

Fund will support mission to provide education to children in developing countries

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Promoth Manghat (CEO of UAE Exchange Group), Binay Shetty (Director of UAE Exchange) and Tariq Al Gurg (CEO of Dubai Cares) during the agreement signing ceremony.

Dubai: In the spirit of the Year of Giving 2017, UAE Exchange and Dubai Cares have signed an agreement that will see the money exchange house committing Dh10 million to the UAE-based philanthropic organisation.

The agreement was signed by Tariq Al Gurg, CEO of Dubai Cares, and Promoth Manghat, CEO of UAE Exchange Group.

The commitment by UAE Exchange, a global money transfer, foreign exchange and payment solutions brand, will support Dubai Cares’ overarching mission to positively impact the lives of underserved children and young people in developing countries through education.

UAE Exchange will continue its annual commitment to Dubai Cares global programmes with high impact on youth development and education for children. Additionally, UAE Exchange will promote Dubai Cares’ volunteering and community engagement initiatives among its employees and customers.

Al Gurg said: “We are very grateful to UAE Exchange, whose generosity will certainly make a valuable contribution to our goal of impacting the lives of as many children and young people as possible by providing them with the opportunity to go to school and learn. This commitment truly reflects the values of the UAE’s ‘Year of Giving 2017’ as declared by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan. What we aspire to achieve over the next 10 years and beyond only becomes possible through the generosity and support of partners like UAE Exchange and other like-minded organisations, who genuinely believe in and support our noble cause and mission.”

Manghat said: “Creation of a liberal world starts with access to education, the cornerstone of a progressive society. There are children deprived of their basic right to education. We are proud to partner with Dubai Cares, part of the Mohammad Bin Rashid Al Maktoum Global Initiatives, to provide these children access to quality education through various initiatives globally. This collaboration fits well with our sustainability agenda guided by the UN Sustainable Development Goals, and the indicators of the UAE National Agenda leading to UAE Vision 2021 and UAE Centennial 2071. As a home-grown business, this partnership reinforces our efforts towards the UAE’s Year of Giving initiative, as we believe the act of ‘giving’ starts a domino effect to impact positive change.”

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