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.
Dubai private schools to offer life skills to shape future-ready students
Warning issued after 25 injured in 4 vehicle collision on Jebel Ali Road
H.H. Sheikh Mohammed applauds Egypt's 'heroic' World Cup run
UAE calls for immediate Sudan ceasefire, expansion of arms embargo
Dubai community campaign supports workers with 2 million refreshments
Dubai Police warns of burn risks from viral trend of microwaving slime
99.9% safety rating reinforces Dubai's standing among world's safest cities
Traffic diversion announced for Sharjah Etihad Rail Station access works
