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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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UAE Central Bank fines local bank Dh3 million over anti-money laundering failures

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The Central Bank of the UAE (CBUAE) has imposed a financial penalty of Dh3 million on a local bank for failing to comply with anti-money laundering (AML) regulations.

The fine was issued under Article 14 of Federal Decree Law No. (20) of 2018 on Anti-Money Laundering and Combatting the Financing of Terrorism and Illegal Organisations, as well as Article 137 of the Decretal Federal Law No. (14) of 2018 concerning the Central Bank and regulation of financial institutions.

The CBUAE said the penalty followed an investigation which found that the bank had not met regulatory requirements outlined in UAE legislation to combat financial crime.

In a statement, the Central Bank reaffirmed its commitment to maintaining the transparency and integrity of the country’s financial system. “We continue to supervise and regulate all licensed financial institutions to ensure full compliance with UAE laws, regulations, and standards,” the authority said.

The name of the bank was not disclosed.

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Dubai’s RTA steps up inspections of buses to ensure safety

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Dubai’s Roads and Transport Authority (RTA) has urged transport operators to strictly follow regulations covering all modes of passenger transport, including chartered buses, tourist services, and international bus trips.

This comes after RTA completed over 15,500 inspections targeting operators in these sectors, as part of ongoing efforts to raise service standards and ensure safety.

“The inspections weren’t just about issuing violations,” said Saeed Al Balooshi, Director of Passenger Transport Activities Monitoring at RTA. “They’re designed to improve service quality and ensure operators meet the rules that keep Dubai’s transport sector running smoothly.”

Checks included verifying safety measures onboard and ensuring all required licences were in place. The RTA also teamed up with other authorities, including Dubai Police and the General Directorate of Residency and Foreigners Affairs at Hatta Border Post, to tackle misuse and irregularities in cross-border transport services.

Al Balooshi added that the authority is using new technologies to make inspections more effective by analysing violations and measuring the impact of enforcement campaigns. “Our goal is to ensure a reliable and high-quality experience for residents, visitors, and tourists, and to protect the reputation of Dubai’s public transport sector,” he said.

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New paid parking zones announced in Abu Dhabi

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Residents and motorists in Abu Dhabi should take note: new Mawaqif paid parking zones have been activated in several areas across the city, Q Mobility announced on Thursday, July 10.

The newly introduced paid zones include:

  • Eastern Mangroves
  • Dolphin Park
  • Al Khaleej Al Arabi Street sectors – specifically at Al Khaleej Al Arabi Park 1, 2, 4, and 5
  • Al Qurm Plaza

The rollout of the Mawaqif system in these areas is now officially in effect, aligning with Abu Dhabi’s parking regulations.

  • Standard Parking – black and blue curbs:
    • Dh2 an hour
    • Dh15 for 24-hour parking
  • Premium Parking Abu Dhabi – white and blue curbs: AED 3 an hour

According to Q Mobility, this move is part of ongoing efforts to better regulate vehicle movement, ease congestion, and improve the overall efficiency of public parking across the emirate. The changes follow the completion of infrastructure upgrades such as curb painting, installation of directional and awareness signage, and public notifications.

The company has also encouraged drivers to make use of the Darb app for digital payment and to carefully follow posted instructions to avoid fines.

The expansion of Mawaqif is part of a broader strategy aimed at improving traffic flow and providing smarter, more streamlined parking solutions within Abu Dhabi Island and beyond.

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