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’s sustainable development objectives. Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE, and Fahad Ali Shehail, Chief Executive Officer – Environment at BEEAH, witnessed the signing ceremony of the agreement. Fahad Shehail, Chief Executive Officer - Environment at BEEAH, added, “We are proud to enter into a partnership with the CBUAE to provide specialised waste management solutions. We thank the CBUAE for taking this future-forward step, aligning with the UAE’s vision for sustainability and circularity.”