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.
H.H. Sheikh Mohammed promotes over 6,500 security service personnel
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the promotion of 6,526 members of the Dubai security services.
UAE strongly condemns Houthis for threatening maritime blockade on Saudi Arabia
The UAE has strongly condemned the Houthi group for threatening to carry out maritime blockades against Saudi Arabia.
UAE, Egypt discuss regional developments and stability
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, discussed regional developments with his Egyptian counterpart Dr. Badr Abdel-Aty in Abu Dhabi.
UAE-backed solar project boosts healthcare in India
More than 200,000 people in rural India have access to more reliable healthcare after the Zayed Sustainability Prize's Beyond2020 initiative completed six solar-powered health centres in the southern state of Karnataka.
