President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 1,435 Emirati citizens, totalling more than AED475.154 million.
The initiative run by the Defaulted Debts Settlement Fund reflects the UAE leadership’s commitment to easing the financial burdens of citizens and ensuring their wellbeing, supporting family stability and contributing to broader social development.
The programme aims to reduce living pressures on low-income and distressed borrowers and help them regain financial stability.
It is carried out in cooperation with 19 banks and financial institutions in the UAE.
The exemptions cover humanitarian and medical cases, low-income borrowers, the deceased, low-income retirees, and senior citizens.
Driver escapes unharmed after car swept away in Fujairah flash floods
Dubai Police see 1,220 volunteers help with Ramadan initiatives
UAE urges residents to perform Friday prayers at home amid unstable weather
Iran's 'treacherous' attacks targeted vital civilian facilities, UAE tells UN
UAE condemns Iranian attacks targeting Iraqi Kurdistan
UAE responds to incoming missile, drone threats on Wednesday
UAE air defences intercept 9 drones on Wednesday
UAE issues rain alert on Wednesday
