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: ADNOC tankers' targeting will not deter UAE from moving forward
Dr Anwar Gargash, diplomatic advisor to the UAE president, said the repeated targeted attacks on ADNOC tankers will not deter the UAE from moving forward with a 'balanced and rational policy' backed by diplomacy, deterrence, and adherence to international law.
Dubai Customs foils attempt to export over 70 million illicit cigarettes
Dubai Customs has completed a major international seizure by foiling an attempt to export over 70 million illicit cigarettes that were en route to a European country.
UAE expresses support for Indonesia after deadly earthquake
The UAE has expressed its solidarity with Indonesia following the tragic 7.7-magnitude earthquake that struck its eastern region on Saturday, killing at least 38 people and injuring 13 others.
ADNOC confirms attack on vessel in Strait of Hormuz
Abu Dhabi National Oil Company (ADNOC) has confirmed one of its vessels was attacked while transiting the Strait of Hormuz on Friday evening.
