The UAE spends more on aid to develop other countries than any other nation on earth compared to its wealth, states a new Organisation for Economic Co-operation and Development (OECD) report.
Data published on Tuesday by the Paris-based organisation, which has a membership of 35 developed countries, noted that the UAE spent Dh15.23 billion worth of development assistance in 2016.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, hailed the news.
“The UAE does not provide conditional assistance and neither does for the sake of reciprocal interests. It does so only for the good and stability of all peoples,” the Vice-President said on Twitter.
The OECD announcement coincides with the UAE’s Year of Giving, which sees the Emirati people launch new charitable initiatives every day, Shaikh Mohammad said.
Shaikh Mohammad tweeted: “The announcement of the UAE being ranked first development assistance donor in 2016 coincides with the UAE’s Year of Giving during which the Emirati people launch new charitable initiatives every day.