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Six currencies account for 90% of Arab transactions: AMF chief

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Six currencies account for 90 per cent of Arab transactions, which are the Emirati Dirham, the Saudi Riyal, the Egyptian Pound, the Jordanian Dinar, the US Dollar and the Euro, said Dr Abdulrahman bin Abdullah Al Hamidy, director-general and chairman of the Board of Executive Directors of the Arab Monetary Fund (AMF).

Al Hamidy pointed out that the ‘Buna Payment Platform’ is the first regional cross-border and multi-currency payment system that supports Arab transactions in investment, trade and financial transfers, and strengthens Arab integration through the use of Arab currencies in transactions, he told Wam.

The platform is progressing towards achieving its objectives and has forged alliances with Arab and international trade partners, he added, noting that a related agreement was signed with India, and the efforts are on to open new markets in Africa.

The platform has adopted a comprehensive strategy to link Arab financial markets with the Jordanian financial payment system recently joining the platform, which will encourage the use of the Jordanian Dinar in Arab transactions, he added.

The platform is an integrated system designed to provide clearing and settlement services for payments in Arab and international currencies, to enable financial and banking institutions in the Arab region and beyond, including central and commercial banks, to send and receive cross-border payments throughout the region and abroad in a safe, reliable and affordable manner, Al Hamidy further added.

The platform offers users modern payment solutions, in line with international standards and compliance requirements, to strengthen economic and financial integration in the Arab region and reinforce investment ties with commercial partners worldwide, he said in conclusion.

Buna is a cross-border payment system owned by the Arab Monetary Fund, aiming to enable financial institutions and central banks in the Arab region and beyond to send and receive payments in local currencies as well as key international currencies in a safe, cost- effective, risk-controlled, and transparent environment. Buna offers participants modern payment solutions that comply with international standards, principles, and compliance requirements.

Thanks to its cross-border payment system Buna contributes to exploring and strengthening opportunities for economic and financial integration in the Arab region and supporting investment ties with the global trading partners. Buna welcomes the inclusion of all banks that meet the criteria and conditions for participation, primarily the standards and procedures of compliance aspects.

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Sharjah introduces new traffic rule: Dedicated lanes for bikes, buses and heavy vehicles from November 1

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Motorists in Sharjah, take note: starting November 1, new lane rules will come into effect across the emirate’s major and secondary roads.

In cooperation with the Sharjah Roads and Transport Authority (SRTA), the Sharjah Police General Command has announced that specific lanes will now be designated for motorcycles, delivery bikes, heavy vehicles, and buses. The move is aimed at improving traffic flow, enhancing safety, and making better use of the emirate’s road network.

According to police officials, the rightmost lane on all main roads will be reserved for heavy goods vehicles and buses.

  • On four-lane roads, motorcycles can use the third and fourth lanes on the right.
  • On three-lane roads, they can ride in the middle or right-hand lane.
  • On two-lane roads, they must stay in the right lane only.

To ensure compliance, smart radars, cameras, and patrols will monitor vehicles around the clock. Any violations will be penalised according to the Federal Traffic Law:

  • Article 8: Dh1,500 fine and 12 black points for heavy vehicles not keeping to mandatory lanes.
  • Article 70: Dh500 fine for failure to follow traffic signs or instructions.

The Sharjah Police urged all drivers and riders to follow the new rules and use the lanes designated for their vehicle type. Officials said the regulation is part of broader efforts to promote road safety, reduce congestion, and improve overall quality of life in Sharjah.

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UAE urges 2026 Hajj pilgrims to follow health rules for a safe journey

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With preparations underway for Hajj 2026, UAE authorities have issued a reminder for all pilgrims to strictly follow the health and safety requirements set by both the UAE and Saudi Arabia.

The General Authority of Islamic Affairs, Endowments and Zakat (Awqaf UAE) emphasised that the well-being of pilgrims remains a top national priority, ensuring every journey to the holy sites is safe, organised, and spiritually fulfilling.

Health Requirements for Hajj 2026

Pilgrims must be medically fit to perform Hajj and free from certain conditions that could pose risks during the pilgrimage. Those with the following health issues will not be cleared to travel:

  • Major organ failure or any physical condition preventing Hajj rituals
  • Neurological or psychological disorders affecting cognition
  • Old age accompanied by dementia
  • Pregnancy during the last three months
  • Active infectious diseases such as tuberculosis or hemorrhagic fevers
  • Active cancer cases undergoing chemotherapy or similar treatments

Mandatory Vaccinations

All pilgrims are required to complete their immunisations well before Hajj, including:

  • Meningitis and seasonal influenza vaccines
  • Covid 19 and other recommended vaccines based on individual health conditions

Awqaf UAE confirmed it will review the results of all medical examinations in coordination with the country’s health authorities to ensure each pilgrim meets the approved standards.

Record Number of Applicants

This year saw an impressive 72,000 applications submitted via the official Awqaf UAE app and website before the October 9 deadline. The authority has already begun reviewing applications, and those who receive preliminary approval will be contacted directly to complete their final registration within the specified timelines.

The UAE has called on all pilgrims to fully comply with the health guidelines issued by both countries, ensuring that Hajj 2026 is performed in a safe, healthy, and spiritually enriching environment.

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Own a piece of Dubai: RTA launches exclusive online auction for special number plates

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Car enthusiasts, here’s your chance to turn heads on Dubai’s roads. The Roads and Transport Authority (RTA) has announced its 81st online auction, offering 300 exclusive vehicle plate codes, and these aren’t your average numbers.

The limited collection includes three, four, and five-digit plates from coveted series such as A, B, I, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, and Z. Both private and classic car owners can take part in this high-demand auction.

When and how to join the bidding:

  • Registration opens: Monday, October 27
  • Bidding starts: Monday, November 3, and runs for five days
  • Where: Online via the RTA website or mobile app

To participate, bidders must have an active traffic file in Dubai and submit a Dh5,000 security cheque payable to the RTA, along with a non-refundable participation fee of Dh120. Payments can be made online or at RTA Customer Happiness Centres in Umm Ramool, Al Barsha, or Deira.

Winners must complete payment within 10 working days after the auction ends. Cash payments are accepted up to Dh50,000, while larger amounts can be paid by certified cheque or credit card, either online or at RTA service centres.

And yes, all plate sales are subject to 5% VAT.

Whether you’re after a lucky number, a personalised plate, or simply want to make your ride stand out, this auction is your ticket to owning a little slice of Dubai style.

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