The $10 billion donation

According to the Malaysia Sun:

The ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum, is giving ten billion dollars to set up an educational foundation. Sheikh Mohammed hopes the money will improve the standard of education, research and job creation in the Middle East.

The announcement was made to widespread applause at the World Economic Forum in Jordan, and is thought to be one of the largest charitable donations in history.

The Foundation will be based in the United Arab Emirates.