Thousands of UAE nationals have been exempted from paying back their personal loans worth over AED 780 million.
President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the order ahead of the 48th National Day.
Fifteen different banks are part of the initiative that’s set to benefit more than 1,700 Emiratis.
The decision is aimed at easing the financial burden of low-income citizens and improving their quality of life.
UAE backs IMO move urging Iran to halt actions endangering Arabian Gulf waters
The UAE has welcomed a new resolution adopted by the International Maritime Organization’s (IMO) Marine Environment Protection Committee during its 84th session.
UAE calls for immediate, unconditional reopening of Strait of Hormuz
At the United Nations Security Council, the UAE has called for the immediate and unconditional reopening of the Strait of Hormuz, urging that Iran be held fully accountable for obstructing international navigation.
H.H. Sheikh Mohammed hails first batch to secure government scholarships
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has praised the efforts of the first batch of Emirati government officials to secure scholarships to study at the world's top universities.
WATCH: Driver caught in Dubai for running red light without number plate
Dubai Police have summoned a driver for running a red light and trying to evade the authorities by removing the number plate of his Nissan Patrol.
