Mohammed bin Rashid Al Maktoum the Arts (AED 2–5 million), Supporters of the Arts (AED 500,000), and Friends of the Arts (AED 50,000–500,000). The award aims to grant financial or in kind support to the visual and performing arts, literature, and film sectors, which contribute to enriching the artistic and cultural scene in Dubai. The Mohammed Bin Rashid Al Maktoum Foundation's $1 million Mohammed bin Rashid Al Maktoum Knowledge Award was inaugurated on 7 December 2014, the first award being made jointly to the computer scientist and inventor of the World Wide Web, Sir Tim Berners-Lee and entrepreneur and co-founder of Wikipedia, Jimmy Wales "In
Web Summit first five years the event was held in Dublin, Ireland. In September 2015 Paddy Cosgrave, Web Summit co-founder, announced that Web Summit would be held in Lisbon starting in 2016. In October 2018, the Portuguese government announced a ten-year contract extension with the Web Summit. According to Forbes, the Web Summit is the best technology conference on the planet. Web Summit 2017 took place in the Altice Arena in Lisbon from November 6 - 9. The event promised to bring 60,000 attendees from over 160 countries together. 1,000 speakers were initially confirmed for the conference and, finally, over 1200 spoke.