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.


Free parking in Dubai this Friday
Dubai Police step up safety and traffic measures for new academic year
UAE stands in solidarity with Nepal after deadly floods, landslides
UAE schools to welcome over 1.2 million students for new academic year
