Latest news with #Diwani
Hi Dubai
12-06-2025
- Business
- Hi Dubai
New Dirham Symbol in the UAE: Essential Dos and Don'ts You Need to Know
The UAE has officially introduced a new currency symbol for the Dirham, marking a significant milestone in the nation's financial identity. With a sleek design rooted in Arabic calligraphy and national symbolism, the Dirham Currency Symbol represents strength, unity, and modernity. Authorities have issued a comprehensive set of dos and don'ts to ensure the symbol is used correctly and consistently across all platforms. Designed with Purpose The Dirham Currency Symbol is more than a design—it's a cultural emblem. Inspired by classical Arabic scripts like Thuluth and Diwani, the symbol integrates the lines of the UAE flag into the shape of the letter 'D,' creating a visual tribute to the nation's heritage and aspirations. Every curve and stroke is calibrated on a precise grid system, ensuring balance, clarity, and geometric harmony. Usage Dos: Getting It Right To maintain the integrity of the Dirham symbol, the UAE government has outlined several key guidelines: Use in Black or White : For clarity and legibility, the symbol should primarily appear in black or white. : For clarity and legibility, the symbol should primarily appear in black or white. Ensure Proper Contrast : It must always stand out clearly against its background, especially in official documents and financial contexts. : It must always stand out clearly against its background, especially in official documents and financial contexts. Maintain Proportions : The height of the symbol should match the height of the adjacent text. : The height of the symbol should match the height of the adjacent text. Correct Direction : The symbol must follow the direction of the surrounding text, whether left-to-right or right-to-left. : The symbol must follow the direction of the surrounding text, whether left-to-right or right-to-left. Use Either Symbol or 'AED': Never use the Dirham symbol and the abbreviation 'AED' together—choose one. Usage Don'ts: What to Avoid To preserve the symbol's integrity and visual identity, the following practices are strictly discouraged: No Decorative Effects : Avoid gradients, shadows, or any form of artistic embellishment. : Avoid gradients, shadows, or any form of artistic embellishment. No Alterations in Shape : The design must remain exactly as specified; distortions or adjustments are not allowed. : The design must remain exactly as specified; distortions or adjustments are not allowed. No Misalignment : The symbol must not be disproportionately larger or smaller than the text around it. : The symbol must not be disproportionately larger or smaller than the text around it. No Crowding : Always leave sufficient space between the symbol and the numeral it accompanies. : Always leave sufficient space between the symbol and the numeral it accompanies. No Colour Variations in Official Use: Brand colours are allowed only in marketing, and even then, only with high visibility and no effects. A Symbol of National Progress Introduced in May 1973, the UAE Dirham has long been a symbol of economic independence and growth. With this new currency symbol, the UAE not only reaffirms its presence on the global economic stage but also strengthens the visual identity of its national currency. The symbol blends cultural heritage with modern design, offering a powerful representation of the country's journey and values. As the new symbol becomes integrated into pricing, financial documents, and signage, businesses and designers are urged to adhere strictly to the official guidelines to maintain consistency, professionalism, and respect for the national standard. News Source: Central Bank of the UAE
Time of India
11-06-2025
- Business
- Time of India
New UAE Dirham symbol: All dos and don'ts you must know for correct use and official compliance
The new UAE dirham symbol blends national heritage with modern design, featuring a "D" with two lines for physical currency and a circular ring for its digital version / Image (X) On March 27, 2025, the UAE unveiled a new symbol for its national currency, the dirham. A blend of national heritage and modern design, the symbol represents not just the UAE's financial stability but also its vision to strengthen its role in the global economy. Unveiled by the Central Bank of the UAE (CBUAE), the symbol features the English letter "D" flanked by two horizontal lines, inspired by the UAE flag, signifying the dirham's enduring strength. The design, rooted in classical Arabic calligraphy such as Thuluth and Diwani, reflects elegance and authority through its sweeping curves and pointed endings. The Digital Dirham symbol takes this a step further, incorporating a circular ring around the "D", symbolising security, continuity, and the UAE's forward-looking financial ecosystem. The use of the UAE flag's colours in the digital design reinforces national pride, while the circular motif signifies a tokenised, blockchain-based currency, aiming to enhance global connectivity and transactional efficiency. As part of this launch, local authorities have provided clear guidelines on how the symbol should be used across various platforms to maintain consistency and clarity. Where the Dirham Symbol Should Be Used The authorities emphasize consistent application of the symbol across both physical and digital platforms to maintain clarity and coherence in financial communications. Here's where the symbol is intended to appear: Physical currency : Printed on banknotes and coins. Cheques, invoices, and receipts : Displayed to represent amounts clearly. Point of Sale (POS) systems and Automated Teller Machines (ATMs) : For transaction displays. Online and in-store price tags : Ensuring price visibility and uniformity. Financial apps and accounting systems : Used within user interface (UI) fields for clarity. Where the Symbol Should Not Be Used The guidelines also specify clear restrictions to avoid misuse or dilution of the symbol's meaning: It should not be used as a logo or branding element. Avoid using it on splash screens or headers. When writing amounts in words, always use 'Dirhams' instead of the symbol. How to Use the Dirham Symbol Correctly Keyboard Placement: The symbol is assigned to the number 6 key on keyboards for easy access. Placement Rules In single-language contexts, the symbol should be centered relative to the number. In dual-language contexts, place the symbol in the top-left corner. Maintain a minimum clear space of 2mm around the symbol to preserve visibility. On Cheques In the 'amount in figures' field: place the symbol before the numeric value, keeping the symbol the same size and weight as the numbers. In the 'amount in words' field: spell out 'Dirhams' rather than using the symbol. On Receipts Place the symbol before the numeric value. Use the same font, size, and weight for consistency. Text should be in English, right-aligned, with appropriate spacing. On Price Tags The symbol should appear directly before the numeric value. Keep the font, size, and weight consistent. Use either the symbol or 'AED' (the currency code), not both. Maintain clarity and legibility, especially in busy retail settings. Dos and Don'ts for Using the Dirham Symbol Dos: Maintain the shape and direction of the symbol relative to the text. Ensure proportional spacing and size in relation to numerals. Use sufficient contrast so the symbol is easily readable. Use either the symbol or 'AED,' but not both together. Always position the symbol to the left of the numerals. Keep a clear space around the symbol to avoid crowding. Respect the geometry and proportions of the symbol in all uses. Don'ts: Do not distort or alter the symbol in any way. Avoid combining the symbol with 'AED.' Do not reduce contrast or add any decorative elements that could obscure the symbol. Avoid incorrect positioning or sizing, such as placing the symbol after numerals or making it disproportionately large or small in a way that diminishes the clarity of the symbol. As the Central Bank of the UAE (CBUAE) moves forward with the digital transformation of the dirham, the guidelines for the new symbol are a crucial step toward harmonizing physical and digital currency usage. The Digital Dirham, expected to launch for retail use in late 2025, will be issued through licensed financial institutions like banks, exchange houses, and fintech companies. This digital version will utilize blockchain technology to enhance security, reduce transaction costs, and streamline cross-border payments, offering instant, secure settlements with smart contract capabilities for multi-party transactions. Integrated into a secure wallet and smart contract–enabled platform, the Digital Dirham will support retail, wholesale, and cross-border payments, providing a seamless and convenient user experience across various transactions. This move is part of the UAE's broader strategy to establish the dirham as a leading global currency, underpinned by the nation's recent adherence to the FX Global Code. As the first central bank in the Arab region to join this code, the CBUAE is bolstering the dirham's credibility by committing to best practices in currency trading, reinforcing transparency, market integrity, and ethical standards. These developments signal a new chapter for the dirham, not only strengthening its role in the UAE's financial ecosystem but also positioning the currency to play a more influential role in the global digital payments space.
Mint
05-06-2025
- Business
- Mint
Global firms Hines, Sumitomo form joint venture for Mumbai luxury condo project
Bengaluru: US-based global developer and investment manager Hines and Japan's Sumitomo Corp. have entered into a joint venture for a luxury condominium project in the high-value Mumbai property market. In India, this project marks Hines' entry into the Mumbai residential market as a developer, Amit Diwan, senior managing director and head of India at Hines, said. The project, which will be developed in suburban Mumbai's Powai locality, is yet to be launched. Hines is the developer and equity investor in the project and manages day-to-day development activities in collaboration with Sumitomo, which is also an equity investor. Read more: DLF's Q1 launches to set the tone for FY26 pre-sales trajectory Hines expands Mumbai footprint Last week, Hines and Kanakia Group said they have struck an alliance to develop an office project on a 3-acre land parcel near the business district Bandra Kurla Complex (BKC) with a total investment of around ₹3,000 crore. Sumitomo and Japanese real estate firm Mitsubishi Estate Co. Ltd are also partners in the project. Hines is the lead developer and equity investor along with the two Japanese entities, while Kanakia is the land partner. 'The living sector is a high-conviction theme for Hines globally. In Powai, we will bring international-standard homes in a well-established yet supply-constrained micro-market. This development reflects our long-term commitment to Mumbai and our ambition to grow via investments and developments across India," Diwani told Mint. The Powai residential project is a 3.4-acre lake-facing gated community, with six 20-storey towers comprising 321 units. Hines didn't disclose the investment in the project. Besides the new Powai and Kalina projects, Hines also has an ongoing 1 million sq. ft office and retail development in suburban Mumbai's Borivali area. Powai is a premium residential location known for its commercial office supply. The most prominent development in the suburb is Hiranandani Group's flagship integrated township, Hiranandani Gardens. In 2017, the developer sold its offices and retail space in Powai to Brookfield Asset Management for around $1 billion in one of the largest commercial realty deals in the sector. Read more: Close to its Navi Mumbai airport, Adani is building a jumbo township "Powai has established itself as an institutional-grade micro market within the Mumbai Metropolitan Region. With a thriving tenant mix across IT, banking and financial services, and emerging tech, steady rental yields, and limited new supply, it offers long-term value visibility for both domestic and offshore investors," Nishant Kabra, head–Land & Capital Markets (North and West) India, JLL. 'Developers view Powai as a rare urban precinct that offers both scale and sustained demand. Its evolution into a mixed-use hub is driven by integrated planning, premium developments, and strong occupier traction," Kabra added. Since establishing its presence in India in 2006, Hines has expanded its portfolio to 13 live projects across the office and residential sectors, in addition to completed or exited projects. It now operates in Delhi-National Capital Region (NCR), Mumbai, Bengaluru, Pune and Ahmedabad.
FACT
28-03-2025
- Business
- FACT
UAE defines the Dirham with a new symbol
The rollout includes one for the digital format as well. The UAE has always been at the forefront of breaking news. With tons happening across the region — in all the sectors — it's always a step ahead. Now, it's taken a significant step and introduced an official symbol for its currency, the dirham. For years, the Emirati Dirham was represented as AED, Dhs or د.إ, in Arabic. But now, the Central Bank of the UAE (CBUAE) unveiled the new Dirham symbol in both its physical and digital forms. The design of the new Dirham symbol pays tribute to Arabic calligraphy. The pointed curves are inspired by traditional scripts like Thuluth and Diwani, making it as authentic and close to home as possible. Designed to represent financial stability and modernity, the symbol is derived from the English letter 'D' and incorporates two horizontal lines. But that's not all. The Central Bank of the UAE has also launched the symbol for the Digital Dirham. Encircled around the regular Dirham symbol, the design reflects a digital token — similar to what you might have seen on other forms of cryptocurrencies. Featuring colours of the UAE flag, the digital symbol blends national identity with modern technology. This news comes only weeks after Saudi Arabia introduced a symbol for its currency, the Saudi Riyal, making it the first country in the Middle East to do so. And now, with the rollout of the new symbol, the UAE aims to enhance the Dirham's recognition in international markets as well. Expect to see the symbol integrated across banking systems, financial reports, exchange platforms and daily transactions soon. The #CentralBankUAE (CBUAE) today unveiled the new symbol for the UAE's national currency, the "Dirham", in a move that embodies the vision of the wise leadership, and the directives and ongoing support of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy… — Central Bank of the UAE (@centralbankuae) March 27, 2025 Details on when the Dirham symbol will officially appear on keyboards remain under wraps. But with both Saudi Arabia and the UAE now having their own currency symbols, could this inspire other Middle Eastern nations to follow suit? We'll have to wait to find out. GO: Visit for more information.
