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.
H.H. Sheikh Mohamed hosts Eid Al Adha reception for UAE Rulers
President His Highness Sheikh Mohamed bin Zayed Al Nahyan hosted a special reception for the rulers of the Emirates, Crown Princes, Sheikhs, military personnnel and well-wishers on the occasion of Eid Al Adha.
UAE President wishes 'prosperity to all' in Eid greeting
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has called for "peace, stability, and prosperity to all" in a social media post to mark Eid Al Adha.
UAE President performs Eid Al Adha prayer at Sheikh Zayed Grand Mosque
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan performed the Eid Al-Adha prayer on Wednesday morning at Sheikh Zayed Grand Mosque in Abu Dhabi.
UAE, Australia discuss trade, security and stability during official visit
UAE Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy has concluded an official visit to Australia focused on strengthening economic ties, regional cooperation and security coordination between the two countries.
President His Highness Sheikh Mohamed bin Zayed Al Nahyan hosted a special reception for the rulers of the Emirates, Crown Princes, Sheikhs, military personnnel and well-wishers on the occasion of Eid Al Adha.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has called for "peace, stability, and prosperity to all" in a social media post to mark Eid Al Adha.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan performed the Eid Al-Adha prayer on Wednesday morning at Sheikh Zayed Grand Mosque in Abu Dhabi.
