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UAE 500 Dirham Polymer Banknote: Setting High Standards in EMEA Region

The UAE Central Bank’s 500 Dirham banknote has been celebrated as the ‘Best New Banknote Issue for 2025’ in the Europe, Middle East, and Africa (EMEA) region. This honor was announced at the prestigious High Security Printing EMEA conference in Basel, Switzerland.

This cutting-edge banknote, part of the UAE’s innovative third polymer series, has been praised for its advanced security features and a design emphasizing sustainability. Building on the technological advancements of the Dh1,000 note issued in 2023, its stunning three-dimensional design includes the largest surface-applied foil stripe in the Middle East.

Manufactured by Oumolat Security Printing, a subsidiary of the UAE Central Bank, the new note entered circulation on November 30, 2023. It highlights landmarks such as the Terra Sustainability Pavilion in Expo City Dubai and the Museum of the Future, reflecting the nation’s architectural prowess and dedication to green initiatives. Notably, it incorporates Braille symbols, showcasing a commitment to inclusivity.

The shift to polymer not only extends durability but also reduces environmental impact, as these materials are fully recyclable, aligning with the UAE’s vision for a sustainable economy. Similar initiatives can be seen with Cyprus’s own efforts in promoting renewable energy, like those detailed in our article on Cyprus’s Renewable Energy Targets for 2030.

Saif Humaid Al Dhaheri, Assistant Governor of the Central Bank of the UAE, noted, “We proudly lead the region in adopting banknotes with advanced security and sustainable materials. Our dedication to accessibility ensures that everyone, including the visually impaired, can easily identify our banknotes.”

Stelios Bi-Communal Awards To Award €500,000 Across 39 Teams In Cyprus

The annual Stelios Bi-Communal Awards, a hallmark of cross-community collaboration in Cyprus, will once again celebrate the innovative joint ventures between Greek Cypriot and Turkish Cypriot entrepreneurs. The ceremony, scheduled for June 8 in Nicosia, underscores the vital role of business co-operation in fostering both economic growth and peaceful coexistence on the island.

Strengthening The Fabric Of Bi-Communal Collaboration

This year marks the 16th consecutive edition of the awards, which have contributed to creating business partnerships across the island. Organizers confirmed that 39 bi-communal teams, representing 78 entrepreneurs, will participate. According to the official announcement, Nikos Christodoulides is expected to attend the ceremony, adding institutional presence to the event.

Catalysing Innovation And Economic Opportunity

Teams are evaluated based on collaboration, innovation and business potential. The prize structure includes a Gold Award of €150,000, shared equally between partners. Two teams will receive Silver Awards totaling €200,000, while six teams will share €150,000 under the Bronze category. This structure distributes funding across multiple ventures at different stages of development.

A Legacy Of Partnership And Investment

Since its launch, the programme has distributed more than €5.3 million in prize funding. Support comes from Stelios Haji-Ioannou, founder of the easy family of brands and chairman of the Stelios Philanthropic Foundation. The initiative continues to focus on supporting joint ventures between Greek Cypriot and Turkish Cypriot entrepreneurs.

The Road Ahead

The upcoming ceremony, set to be held at the Stelios Philanthropic Foundation headquarters at 5 Markou Drakou Street in Nicosia at 11:00 a.m. on Monday, June 8, 2026, promises to be a landmark event. It will gather entrepreneurs and senior officials in a celebration of bi-communal success, reaffirming the potential of entrepreneurship to bridge divides and drive sustainable growth in Cyprus.

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