Page 756 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

systems and formulating international policies that balance economic growth,
social integration, and environmental preservation.

She noted the 17th Sustainable Development Goal’s focus on the inevitability

of global partnership between governments, the private sector and civil
society institutions, necessitating accelerated international cooperation in

developmental fields more than ever before.

Badr Jafar, Special Envoy for Business and Philanthropy, UAE, emphasised

during his remarks at a session titled “Redefining Philanthropy: New Models
for Global Impact”, that philanthropy today must go beyond traditional

charity. He highlighted the importance of investing in long-term, sustainable
change by mobilising not only financial capital but also expertise, innovation,

and strategic partnerships.

He underscored that with an estimated US$2 trillion deployed annually in
philanthropic capital and the largest intergenerational wealth transfer in
history underway, there is an unprecedented opportunity to redefine

philanthropy’s role in shaping global development.

The UAE, uniquely positioned, has emerged as a global hub for philanthropic
and humanitarian action. Through its ability to convene diverse stakeholders,

foster collaboration, and support a thriving ecosystem for philanthropy, the
UAE is playing a vital role in amplifying impact and driving systemic progress
for future generations.’

https://www.msn.com/en-ae/news/other/wgs-office-of-developmental-affairs-stresses-importance-
of-global-cooperation-in-humanitarian-work/ar-AA1yVoro