ARN News Centre

UAE waives housing loans of retirees

Wednesday, 5 February 2020 07:23

The UAE is taking further steps to ease the financial burden of low-income citizens.

As many as 429 retirees in Abu Dhabi have been exempted from repaying their housing loans worth AED 444 million.

It follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, as well as His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

More than 200 people benefited from a similar initiative in September, which settled home loans worth AED 208 million.

More from UAE

Unstable weather leads to flight delays at DXB

Travellers have reported delays of up to an hour at Dubai International Airport (DXB) due to unstable weather conditions in the UAE.
Remote work declared for Dubai schools, government entities

Tuesday, April 16 will be a remote working day for all Dubai Government entities and private schools in the emirate due to the adverse weather forecast across the country.
Spinneys to launch IPO, aiming for expansion in UAE and Saudi Arabia

UAE's supermarket chain Spinneys has announced an Initial Public Offering (IPO) for April 23, selling 25 per cent of the company.
More UAE schools activate distance learning

All schools in Abu Dhabi will switch to distance learning on Tuesday, April 16 due to fluctuating weather conditions, while Abu Dhabi government entities will adopt remote work measures.