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 and Gabon sign CEPA to deliver a new era of bilateral ties
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Brice Oligui Nguema, President of Gabonese Republic, have witnessed the signing of CEPA between their two nations that will enhance trade flows and facilitate investment into key sectors.
UAE President holds talks with Burundi's Ndayishimiye in Abu Dhabi
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has explored ways to strength ties with Burundi during talks with the country's president Évariste Ndayishimiye in Abu Dhabi's Qasr Al Shati.
UAE President holds talks with German Chancellor in Abu Dhabi
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with German Chancellor Friedrich Merz in Abu Dhabi to discuss ways to strengthen bilateral cooperation.
New 'SSD' service strengthens public role in national security
The UAE State Security Department has launched a new service allowing members of the public to report security concerns directly to authorities.
