UAE honours Sheikh Zayed and Sheikh Rashid with new coins
The two men were key figures in the formation of the UAE. Sheikh Zayed, then Ruler of Abu Dhabi, held a meeting in March 1971 with Sheikh Rashid, then Ruler of Dubai, among the key attendees.
It was on a farm in the Al Khawaneej area of Dubai where the fabric of the new nation was put together. The UAE was formed in December of the same year, with Sheikh Zayed as the country's first president and Sheikh Rashid the first vice president.
Their roles in the founding of the union has now been honoured with a gold coin, weighing 40g with a 40mm diameter, featuring the two men while the reverse includes the national emblem surrounded by the words 'Central Bank of the United Arab Emirates' in both Arabic and English.
A second, silver, coin weighs 50g with a diameter of 50mm. It shows the two leaders while its reverse also includes the national emblem surrounded by the words 'Central Bank of the United Arab Emirates' in both Arabic and English as well as 'Commemorative Coin' in Arabic.
The gold coin will only be available for purchase via the Central Bank's headquarters in Abu Dhabi, while the silver coin can be bought on the bank's website.
A proud history
'We proudly announce the issuance of these commemorative coins, which embody the meanings of loyalty and belonging to the national legacy left by the founding leaders, the late Sheikh Zayed bin Sultan Al Nahyan and Sheikh Rashid bin Saeed Al Maktoum, may their souls rest in peace,' Khaled Mohamed Balama, the bank's governor, said.
'This issuance marks the Zayed and Rashid campaign, aiming to solidify the values of unity and development upon which our nation was founded, and to highlight inspiring milestones in their journeys. We reaffirm our commitment to immortalising our national history and fostering it in the hearts of future generations.'
In March, the bank launched a new Dh100 banknote featuring the Umm Al Quwain National Fort on the front, with a design depicting Etihad Rail alongside the Port of Fujairah on the back.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
an hour ago
- Zawya
Vehere picks GSD to accelerate GCC market growth
Vehere, a new-age cyber defence software company, has engaged Gulf Software Distribution (GSD), a value-added distributor of software products, to strengthen its presence across the region. As part of the partnership, GSD will distribute Vehere's Network Detection & Response (NDR) products in the UAE, Qatar, Saudi Arabia, Bahrain, Oman, Kuwait, and Levant region. Vehere's AI-powered NDR platform will provide regional organizations with an advanced second line of defence, empowering security teams to detect and stop attacks at their earliest stage, before they escalate into breaches. With over a decade of experience in leveraging AI cyber network intelligence to support counter-terrorism efforts of nations, Vehere protects critical infrastructure for Fortune 500 companies, telecom providers, financial institutions, and smart cities worldwide. The company is actively expanding its footprint as part of its broader growth strategy in the Middle East. By leveraging lossless packet capture, deep packet inspection, and real-time behavioral analytics across both encrypted and unencrypted traffic, the platform delivers enhanced visibility and scalability across the network, said the statement from Vehere. Its modular architecture enables organizations to deploy rapid threat hunting, comprehensive forensic analysis, and one-click investigation workflows, it stated. Additionally, through intelligent integration with SIEM, EDR, XDR, SOAR, and TIP systems, Vehere's NDR accelerates mean-time-to-detection and response, automates containment of ransomware, APTs, lateral movement, and insider threats, and enriches alerts with contextual intelligence for streamlined SOC operations. Avinash Garg, Vice President of Sales (MEA) at Vehere, said: "This partnership represents a strategic leap in expanding our presence across the region. It enables local enterprises and government organizations to strengthen their cybersecurity posture with access to our battle-tested NDR technology - originally developed to meet the rigorous demands of top-tier defense and intelligence agencies." It comes at a time when the value of the global NDR market is projected to reach a compound annual growth rate (CAGR) of 14.1% between 2024 and 2028, according to the Worldwide Network Detection and Response Forecast by International Data Corporation (IDC). The EMEA region alone is expected to see a 12.6% growth, highlighting strong regional demand. The collaboration with Vehere will unlock new opportunities for GSD's channel ecosystem to tap into the thriving NDR market. Veerendra Kolla, Head of Channel Sales at GSD, said: "Cyber threats are growing in intensity and sophistication, and middle east organizations are increasingly prioritizing greater visibility and proactive protection across their networks. We found Vehere's technology to be exceptionally well-suited to meet these demands." "Its powerful threat detection capabilities and deep network insights truly impressed us -- making this partnership a strategic step in delivering cutting-edge cybersecurity to the region," he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
an hour ago
- Zawya
AMPO Poyam will supply valves for ADNOC
AMPO POYAM VALVES has been selected to supply highly engineered cryogenic valves for the Maximising Ethane Recovery and Monetisation (MERAM) project, one of Adnoc's major strategic initiatives aimed at boosting the recovery of ethane from gas and enable its monetisation. The project, awarded to the joint venture between Técnicas Reunidas and National Petroleum Construction Company (NPCC), will be executed in the United Arab Emirates, with the main facilities located at the Habshan 5 gas processing plant in Abu Dhabi. With an investment of $3.6 billion, MERAM is set to become a key pillar in Adnoc's long-term strategy to enhance ethane recovery and support the country's industrial growth. As part of this ambitious project, AMPO will deliver a total of 116 cryogenic valves in 2025 and 2026, including 68 valves larger than 12', and 48 valves smaller than 12', with some valves reaching up to 24″, 30″, and 36″ in size. These valves will operate under extremely low-temperature conditions, ensuring maximum reliability and safety throughout the ethane recovery process. The selection of AMPO is a testament to our proven expertise and track record in cryogenic valve technology. Técnicas Reunidas and Adnoc turned to AMPO POYAM VALVES not only for our product quality and technical reliability, but also because of our long-standing experience with large-scale energy projects and cryogenic applications. This partnership reinforces AMPO's position as a trusted global leader in highly engineered cryogenic valve solutions for the most demanding service conditions. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
an hour ago
- Zawya
UAE, China explore cooperation in energy, infrastructure
Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, Managing Director and Group CEO of Adnoc, and Chairman of Masdar, conducted a working visit to the People's Republic of China, where he met with senior Chinese government officials as well as top executives from leading Chinese companies. The visit aimed to strengthen bilateral relations and expand cooperation in energy, renewable energy, industry, and infrastructure. During the visit, Dr Al Jaber met with Lan Fo'an, China's Minister of Finance, and Liu Jianchao, Head of the International Department of the Central Committee of the Communist Party (CPC) of China, and Zou Jiayi, President of AIIB in the presence of Hussain bin Ibrahim Al Hammadi, UAE Ambassador to China. Dr Al Jaber emphasised the UAE's unwavering commitment to strengthening and expanding the Comprehensive Strategic Partnership with China, and the importance of launching new initiatives that support the development goals of both nations, with a focus on empowering national companies and enhancing collaboration between the public and private sectors, in a way that supports mutual sustainable economic growth and prosperity. Dr Al Jaber held a series of meetings with senior leaders from major Chinese companies, including Wang Yuetao, Chairman of ZhenHua Oil, Liao Zengtai, Chairman of Wanhua, a leading chemicals manufacturing company; Liu Haoling, President of the China Investment Corporation (CIC); Dai Houliang, Chairman of China National Petroleum Corporation (CNPC), one of the world's largest energy and petrochemical companies; Zhang Chuanjiang, Chairman of China National Offshore Oil Corporation (CNOOC); Zhang Lei, Chairman of Envision, specialising in renewables and smart energy management solutions; Song Hailiang, Chairman of China Energy Engineering Corporation (CEEC), active in energy and infrastructure projects. The meetings focused on the latest developments in cooperation across energy sectors, including renewables, oil and gas, LNG, refining, and petrochemicals, as well as strategic shipping and storage. They also explored ways to enhance investments in priority areas of mutual interest and potential industrial infrastructure projects, in line with both countries' shared interest to advancing industrial and technological partnerships that support sustainable development, facilitate knowledge transfer and localisation, and boost global competitiveness. China remains the UAE's largest trading partner, with total bilateral trade exceeding US$100 billion in 2024, reflecting a year-on-year growth of 7%, driven primarily by an 18% increase in imports. In the first quarter of 2025, non-oil trade between the two countries grew by approximately 18% compared to the same period last year, supported by a 32.5% rise in exports, a 20.2% increase in re-exports, and a 12.7% growth in imports.
