Deutsche Bank foundation celebrates 5 years
Dubai, November 25, 2013
Deutsche Bank is celebrating the five-year anniversary of its Middle East Foundation.
The foundation focuses on supporting projects from the region, with an aim to give back to the societies the bank is operating in, said a statement.
Since its establishment in 2008, the foundation focused on funding initiatives and projects in education, community development, sustainability, and volunteering from within the Mena region, it said.
It carried out several projects in support of arts and culture independently.
Philippe Vollot, chairman of the foundation and the bank’s regional chief operating officer, said: “The decision to establish the Middle East Foundation came from our deep-seated belief in the necessity of companies contributing to the societies in which they operate. The fifth anniversary of Deutsche Bank’s Middle East Foundation reflects our strong and long-standing commitment to the Middle East and its people, and our desire to positively contribute to shaping its future, and in turn, our own.”
The foundation supported many regional and local NGO projects and initiatives to build social capital by creating opportunities, fostering talent and ensuring long-term viability in the region such as Palestine Association for Children’s Encouragement of Sport in Palestine, Bader in Lebanon, Intellectual Education Institute for Girls in Riyadh, Misr Alkheir Foundation in Egypt and Rashid Pediatric Therapy Center in the UAE.
In addition, Deutsche Bank’s Middle East Foundation works closely with global foundations and organizations like Save the Children and the World Wide Fund for Nature in support of their regional programmes to improve the lives of the underprivileged, to pave ways to a better future and to raise ecological awareness. - TradeArabia News Service