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 President arrives in Slovakia on working visit
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has arrived in Slovakia on a working visit.
Emirati mountaineer becomes youngest Arab to climb over 7,000 metres
Emirati mountaineer Fatima Abdulrahman Al Awadhi, 19, has become the youngest Arab to reach an elevation of over 7,000 metres and summit Lenin Peak.
UAE stands in solidarity with Japan after deadly earthquake
The UAE has expressed solidarity with Japan after a 7.1-magnitude earthquake shook its southern region on Tuesday, killing at least 13 people, knocking out power to thousands of homes and rupturing roads across the region.
UAE Floating Hospital fits 51 prosthetic limbs for Palestinian amputees
The United Arab Emirates Floating Hospital in Al Arish, Egypt has successfully fitted prosthetic limbs for 51 Palestinian amputees as part of 'Operation Chivalrous Knight 3'.
UAE discusses digital governance, content safety with Meta
The UAE has discussed ways to strengthen their strategic partnership with Meta in terms of digital governance and content safety in a meeting in London.
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