Under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, 1,607 UAE nationals have had debts worth more than AED 869.85 million waived off.
Making the announcement on Monday, the Citizen's Debt Settlement Fund said 12 banks were involved in the waiver.
It is being implemented with support from His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and the follow-up of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
Jaber Mohammed Ghanem Al Suwaidi, Director-General of the Crown Prince Court of Abu Dhabi and Chairman of the Supreme Committee of the Non-performing Debt Relief Fund, said this gesture is part of the UAE's wise leadership's keenness to ensure social stability of its citizens.
Under the directives of Khalifa bin Zayed, with the support of Mohamed bin Zayed and the follow-up of Mansour bin Zayed, the Citizens’ Debt Settlement Fund announces the exemption of 1,607 citizens from debts worth AED869,845,000 with the participation of 12 banks across the UAE. pic.twitter.com/oBjAi3o9Na
— مكتب أبوظبي الإعلامي (@ADMediaOffice) November 30, 2020
Debris from interception hits Dubai building, no injuries
UAE orders arrest of 10 for publishing misleading online content
Abu Dhabi Police arrest 45 for filming incident sites, sharing rumours
UAE Cyber Security Council warns against 'Wiper' malware
Dubai Police crack down on noisy cars, illegal modifications
UAE President, Ethiopian PM discuss boosting economic, development ties
UAE air forces respond to more missile threats on Friday
UAE air defences intercept 7 ballistic missiles and 27 drones on Friday
