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UAE: Central Bank issues special silver coin to mark Emirati poet’s 100th anniversary

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The Central Bank of the UAE (CBUAE), in collaboration with the Sultan Bin Ali Al Owais Cultural Foundation, has released a silver commemorative coin to mark the 100th anniversary of renowned Emirati poet Sultan Bin Ali Al Owais (1925-2025).

This initiative coincides with UNESCO’s recognition of 2025 as the centenary of Al Owais, one of the most influential poetic figures in the UAE and the Gulf region. Al Owais’ name is also synonymous with the prestigious Sultan Bin Ali Al Owais Cultural Award, which has honoured Arab writers and intellectuals since 1987.

Coin design and details

  • Obverse: Features a poetic verse from Al Owais:
    “My homeland is my blood, flowing between my wings, as if it and soul are the same.”
  • Reverse: Displays a portrait of Sultan Bin Ali Al Owais, along with inscriptions of the CBUAE and the Sultan Bin Ali Al Owais Cultural Foundation in both Arabic and English. It also includes the phrase “Centenary of Sultan Bin Ali Al Owais” (1925-2025) and the coin’s face value.
  • Specifications: Each silver coin weighs 60 grams and has a nominal value of AED 100. Only 1,000 pieces will be issued.
  • Availability: The coins will not be sold publicly but will be available exclusively at the Sultan Bin Ali Al Owais Cultural Foundation headquarters.

Honouring a literary legacy

Saif Humaid Aldhaheri, CBUAE’s Assistant Governor, expressed pride in this tribute, stating that the initiative reflects the Central Bank’s commitment to honouring cultural pioneers who have enriched literature and intellectual thought in the UAE and beyond.

Abdul Hamid Ahmed, Secretary-General of the Sultan Bin Ali Al Owais Cultural Foundation, highlighted that UNESCO’s decision to designate 2025 as the Year of Culture in honour of Al Owais was based on a thorough review of his remarkable literary contributions. He also thanked the CBUAE for its role in preserving the poet’s legacy through this historic coin issuance.

This commemorative coin stands as a symbol of Al Owais’ lasting impact on Arabic poetry and literature, celebrating his invaluable contributions to culture and creativity in the region.

(Source: WAM)

With over 35 years of experience in journalism, copywriting, and PR, Michael Gomes is a seasoned media professional deeply rooted in the UAE’s print and digital landscape.

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Dh400 fine for jaywalking in Dubai: What residents must know

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Pedestrians in Dubai are being urged to follow road safety rules, as Dubai Police warns that crossing from non-designated areas remains a leading cause of run-over accidents.

Officials say that despite the availability of pedestrian bridges and safe crossings across major roads, some individuals continue to take risks, especially on high-speed routes where drivers may not be able to stop in time.

The warning follows a recent incident where a pedestrian was injured after attempting to cross from an unsafe location in the city. The individual sustained minor injuries.

According to Brigadier Jumaa Salem Bin Suwaidan, pedestrians who ignore crossing rules not only risk their own safety but also endanger drivers and other road users.

Under UAE traffic laws, crossing outside designated areas or ignoring signals can result in a Dh400 fine, reinforcing the importance of using marked crossings and following traffic lights.

Residents have been urged to use designated crossings and stay alert, particularly on busy roads. With increasing traffic and high vehicle speeds in many areas, even a short shortcut can carry serious risks.

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New Dubai rule makes investor visas easier for property buyers

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Dubai has made it easier for property buyers to secure residency, after the Dubai Land Department (DLD) introduced new rules removing the minimum property value requirement for a two-year real estate investor visa.

Previously, investors needed to own property worth at least Dh750,000 to qualify. Under the updated system, buyers can now apply for the visa regardless of property value, as long as they are the sole owner.

For many UAE expats and first-time buyers, the move significantly lowers the barrier to entry, making it possible to invest in more affordable properties while still securing residency benefits.

Officials say the change is part of Dubai’s wider push to expand its investor base, boost property demand, and strengthen its position as a global real estate hub.

There are still some conditions for jointly owned properties. According to DLD’s Cube Centre, if two investors share ownership equally, each person’s stake must be at least Dh400,000 to qualify for the visa.

What it means for expats

For expats looking to put down roots in Dubai, the update creates more flexibility and accessibility, especially for those entering the market at lower price points. It also opens the door for a wider range of investors to benefit from property-linked residency.

The move is expected to increase market activity, encourage long-term investment, and support sustainable growth across Dubai’s real estate sector.

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Tourists in UAE can now get instant bank accounts: Here’s how

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Tourists visiting the UAE can now open a bank account within minutes, thanks to a new digital initiative led by the Central Bank of the UAE in partnership with the Federal Authority for Identity, Citizenship, Customs and Port Security and Abu Dhabi Commercial Bank.

The service, called ‘Tourist Identity’, allows visitors to set up a fully digital bank account upon arrival, using a secure identity issued at entry and powered by biometric and facial recognition technology.

By linking the system to ADCB’s mobile app, travellers can open an account instantly, receive a digital debit card, and start making payments without paperwork or traditional documents.

For many visitors, especially business travellers, long-stay tourists, and frequent visitors, the move removes a key hurdle: access to local banking. Instead of relying on cash, users can pay digitally, manage expenses easily, and connect directly to the UAE’s financial system from day one.

Officials say the system is designed to deliver a secure and seamless experience, using advanced biometrics and AI to enable access to services without the need for physical documents.

What it means for visitors

For tourists, the new service means faster, safer, and more convenient access to money, making everyday transactions, from shopping to transport, simpler during their stay in the UAE.

The rollout also strengthens the country’s position as a tech-driven global destination, where travel and financial services are increasingly integrated into a seamless digital experience.

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