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

UAE carriers extend flight cancellations to Saudi Arabia amid regional disruption

Etihad Airways and flydubai have cancelled more flights between the UAE and several cities in Saudi Arabia following the airport attack on King Khalid International Airport in Riyadh on Saturday.
Fire contained at warehouse in Abu Dhabi's Al Dhafra area

Abu Dhabi authorities have successfully contained a fire that broke out at a warehouse in the Al Dhafra area on Sunday evening.
UAE strongly condemns Houthi attacks on King Khalid International Airport

The United Arab Emirates has strongly condemned the attacks launched by the Houthi group on Saudi Arabia's King Khalid International Airport in Riyadh.
2 UAE convoys deliver 259 tonnes of food aid to Gaza

Two UAE humanitarian aid convoys comprising 20 trucks carrying 259 tonnes of food supplies have entered the Gaza Strip this week under Operation Chivalrous Knight 3.