Sheikh Khalifa orders loan waiver for Emiratis

WAM

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.

 

More from UAE

On Virgin Radio today

  • The Kris Fade Show

    6:00am - 10:00am

    Kris, Priti and Rossi host the UAE's biggest radio show. It's full of fun, laughs and it's Where The Stars Live.

  • Adam Eddine

    10:00am - 2:00pm

    While Maz is having a baby, Adam is working every day!

Hit Music