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 makes rail history as first passenger train arrives in Abu Dhabi
The UAE has made history as the first passenger train from Fujairah arrived in Abu Dhabi's Mohamed bin Zayed City Station at 7:15 am on Tuesday.
UAE fuel prices to drop in July
Motorists will pay less at the pump in July, the UAE Fuel Price Committee confirmed on Tuesday.
UAE lifts Lebanon travel ban for citizens
Starting June 29, UAE nationals can resume travel to Lebanon, the Ministry of Foreign Affairs (MoFA) announced, lifting earlier restrictions.
UAE strongly condemns Israeli attacks on Syria
The UAE has strongly condemned the Israeli attacks on Quneitra and Daraa in Syria.
