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 receives official welcome at Presidential Palace in Nicosia
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has started his official visit to Cyprus with a reception ceremony held by President of Cyprus, Nikos Christodoulides, at the Presidential Palace in Nicosia.
Rain hits parts of UAE: Dubai Police issues public safety SMS alerts
Several parts of the UAE have been hit with rainfall of varying intensities on Sunday morning, with the Dubai Police issuing public safety messages via SMS to urge residents to exercise caution.
UAE condemns terrorist shooting at Bondi Beach
The UAE has strongly condemned the terrorist shooting at a Jewish gathering in Australia's Bondi Beach that left at least 12 people dead and around 30 more wounded.
UAE condemns shooting at Brown University in US
The UAE has condemned the shooting incident at Brown University in the state of Rhode Island that left two students dead and another nine people wounded at the US Ivy League school.
Sheikh Mohammed honours Palestinian architect with 'Great Arab Minds' award
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has awarded Palestinian architect Dr Suad Amiry with the Great Arab Minds title for her work in preserving architectural heritage.
Dubai's new road project to reduce travel time from 20 minutes to five
The contract has been awarded for a project that will see the development of Sheikh Zayed bin Hamdan Al Nahyan Street Intersection with Al Awir Road and Al Manama Street to reduce travel time from 20 minutes to five.
UAE, China foreign ministers affirm depth of Comprehensive Strategic Partnership
His Highness Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, held talks with Wang Yi, Member of the Political Bureau of the CPC Central Committee and Foreign Minister of China, in Abu Dhabi.
UAE relief teams conclude humanitarian mission in Sri Lanka
The UAE Relief Team has departed Sri Lanka after completing its humanitarian mission, carried out in response to the severe impact of Cyclone Ditwah and the landslides that struck the country.
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