{"id":84797,"date":"2026-01-29T13:43:12","date_gmt":"2026-01-29T11:43:12","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=84797"},"modified":"2026-01-29T13:43:12","modified_gmt":"2026-01-29T11:43:12","slug":"the-cbuae-signs-mou-with-beeah-to-promote-circular-economy-and-sustainability-development","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2026\/01\/29\/the-cbuae-signs-mou-with-beeah-to-promote-circular-economy-and-sustainability-development\/","title":{"rendered":"The CBUAE Signs MOU with BEEAH to Promote Circular Economy and Sustainability Development"},"content":{"rendered":"\n<p><strong>Abu Dhabi,Gulf Tech  News <\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.centralbank.ae\/en\/\"> The Central Bank of the UAE <\/a>(CBUAE) and Sharjah-based sustainability and innovation pioneer, BEEAH, have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation and developing innovative solutions for recycling shredded banknotes. This collaboration supports circular economy policies, contributes to environmental resource conservation, and helps achieve the UAE\u2019s sustainable development objectives.<\/p>\n\n\n\n<p><strong>H.E. Saif <em>Humaid<\/em> Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE, <\/strong>and <strong>Fahad Ali Shehail, Chief Executive Officer \u2013 Environment at BEEAH, <\/strong>witnessed the signing ceremony of the agreement. The MoU was signed by Mohammed Bin Kuwair, Head of Corporate Services at CBUAE, and Ali Al Mheiri, Senior Manager of Business Relations- Environment, at BEEAH, in the presence of senior officials from both entities.<\/p>\n\n\n\n<p>Under the MoU, the two parties will collaborate on the processing and recycling shredded banknotes in accordance with local and international regulatory requirements, while adhering to best practices in waste management, enhancing transparency, and ensuring the highest standards of security and safety.<\/p>\n\n\n\n<p><a>On this occasion, <strong>H.E. Saif <em>Humaid<\/em> Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE<\/strong>,<\/a> stated: \u201c<em>The MoU reaffirms<\/em><em> <\/em>the CBUAE\u2019s commitment to translating the vision of our wise leadership and the UAE\u2019s directions into action by strengthening the principles of the circular economy. It also reflects our keenness to adopt the highest environmental sustainability standards across financial and banking operations, including the management of shredded banknotes. Our cooperating with BEEAH serves as a model for effective institutional integration between federal and local entities, supporting the achievement of sustainable development objectives.&#8221;<em><\/em><\/p>\n\n\n\n<p><strong>Fahad Shehail, Chief Executive Officer &#8211; Environment at BEEAH <\/strong>stated<strong>: <\/strong>\u201c<em>We are proud to enter into a partnership with the CBUAE to provide specialised waste management solutions. This collaboration represents another milestone in BEEAH\u2019s ambitions to continue delivering tailored services to our partners, transforming and integrating waste streams into the circular economy and supporting zero-waste-to-landfill ambitions. We thank the CBUAE for taking this future-forward step, aligning with the UAE\u2019s vision for sustainability and circularity.\u201d<\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi,Gulf Tech News The Central Bank of the UAE (CBUAE) and Sharjah-based sustainability and innovation pioneer, BEEAH, have signed a Memorandum of Understanding (MoU) aimed at strengthening cooperation and developing innovative solutions for recycling shredded banknotes. This collaboration supports circular economy policies, contributes to environmental resource conservation, and helps achieve the UAE\u2019s sustainable development &hellip;<\/p>\n","protected":false},"author":2,"featured_media":84798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[642,622],"tags":[987,5053,5052,1219],"class_list":["post-84797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tie-business","category-economy","tag-cbuae","tag-mou-3","tag-sustainability-development","tag-the-central-bank-of-the-uae"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>the-cbuae-signs-mou-with-beeah-to-promote-circular-economy-<\/title>\n<meta name=\"description\" content=\"The Central Bank of the UAE (CBUAE) and Sharjah-based sustainability and innovation pioneer, BEEAH, have 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