The ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum, says he is giving $10bn (£5bn) to set up an educational foundation in the Middle East.
The money is meant to improve the standard of education and research in the region, and aims to stimulate job creation, Sheikh Mohammed said.
It is thought to be one of the largest charitable donations in history.
The announcement was made to widespread applause at the World Economic Forum, which is being held in Jordan.
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