UAE waives housing loans of retirees

Wednesday, 5 February 2020 07:23

The UAE is taking further steps to ease the financial burden of low-income citizens.

As many as 429 retirees in Abu Dhabi have been exempted from repaying their housing loans worth AED 444 million.

It follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, as well as His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.

More than 200 people benefited from a similar initiative in September, which settled home loans worth AED 208 million.

More from Local News

'Peace is not far away' says Erdogan after Putin meeting

Turkish President Tayyip Erdogan, fresh from a meeting with Russia's Vladimir Putin, said he hopes to discuss a Ukraine-Russia peace plan with US President Donald Trump, adding that "peace is not far away".
UAE, Serbia deepen ties with new political agreement

His Highness Sheikh Abdullah bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of Foreign Affairs, and Serbia’s Foreign Minister Marko Đurić. have agreed to deepen political coordination after signing a Memorandum of Understanding (MoU) during talks in Abu Dhabi.
UAE strengthens child protection measures

The UAE has introduced changes to its laws governing the care of children of unknown parentage, expanding custody options and strengthening child protection measures.
Zayed Giving Caravans treat children, elderly in Pakistan

UAE-backed medical teams have launched a series of humanitarian missions in rural Pakistan, providing free treatment for children and elderly patients with heart conditions.
Dubai gears up for New Year celebrations

Dubai authorities have begun final preparations for the New Year celebrations, holding a coordination meeting to review security and operational plans across the emirate.
UAE braces for unsettled weather over coming week

The UAE's National Centre of Meteorology (NCM) says a surface low-pressure system will affect the country from December 13 to 19, bringing periods of instability.
Dubai Police take action after birthday road fire stunt

Dubai Police have taken legal action against a man who set fire to a public road to celebrate his birthday, after a video of the incident circulated on social media.
UAE announces New Year holiday for private sector

The UAE's Ministry of Human Resources and Emiratisation has announced the New Year's holiday for private sector employees.

Blogs

Radioactive in conversation with Akhil Kavalayoor
Latest With Hit

Akhil Kavalayoor live on Radio Active
Grooving to the new weekend anthem!!
Latest With Hit

Watch Dona & Jean as they grove to SakkathaGavle !
AI Training with Raul John Aju
Latest With Hit

Ted X speaker, AI trainer Raul John Aju giving us AI lessons.

UAE waives housing loans of retirees

More from Local News

Blogs

Our Shows

Quick Links

Listen on the Go

UAE waives housing loans of retirees

Share

More from Local News

Blogs

Our Shows

Quick Links

Listen on the Go