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.
Gargash welcomes UN council's condemnation of Iran's 'brazen aggression'
Dr Anwar Gargash, diplomatic advisor to the UAE President, on Thursday has welcomed the UN Human Rights Council’s unanimous adoption of a resolution condemning Iran's "aggression against the Arab Gulf states and Jordan".
UAE minister says 'no country should hold straits as hostage'
Reem Al Hashimy, UAE's Minister of State for International Cooperation, has asserted that "no country should be allowed to hold straits as hostage", while advocating for international governance on global passageways.
Indian, Pakistani killed in falling debris incident in Abu Dhabi
Two people have died and three more injured after debris from a missile interception fell on Abu Dhabi's Sweihan street on Thursday.
UAE issues alert for unstable weather conditions on Thursday
The UAE weather authorities have issued a yellow and orange alert with potential rainfall across several areas in the country on Thursday.
