logo
Upon President's directives, 222 citizens exempted from debts

Upon President's directives, 222 citizens exempted from debts

Sharjah 243 days ago

In a statement, the Fund affirmed that the initiative reflects the wise leadership's vision to ease the lives of citizens and ensure them a dignified and stable standard of living. It also contributes to advancing social development by alleviating financial burdens, supporting retirees and social support beneficiaries, and fostering family stability.
Aligned with the UAE's national strategy for sustainable development, the initiative underscores a commitment to social cohesion and prosperity, with particular attention to those who served the country and the community's most vulnerable.
In support of financial and social stability, the initiative will clear debts exceeding AED86.476 million for 132 retirees, in addition to exempting 90 citizens under the social support category from debts totalling more than AED53.403 million.
The statement further emphasised that this initiative embodies President His Highness Sheikh

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

UAE President waives nearly AED 140 million in debt for Emiratis
UAE President waives nearly AED 140 million in debt for Emiratis

Dubai Eye

time2 days ago

  • Dubai Eye

UAE President waives nearly AED 140 million in debt for Emiratis

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 222 Emiratis, totalling AED 139.87 million. Among the beneficiaries, 132 retirees will have debts exceeding AED86.476 million waived, while 90 citizens under the social support category are cleared of more than AED53.403 million. The initiative run by the Defaulted Debts Settlement Fund reflects the UAE leadership's commitment to social cohesion and the well-being of vulnerable groups. It also advances social development by easing financial burdens, strengthening family stability and upholding the values of solidarity that define Emirati society.

UAE President waives nearly AED 140 million in debt for Emiratis
UAE President waives nearly AED 140 million in debt for Emiratis

TAG 91.1

time3 days ago

  • TAG 91.1

UAE President waives nearly AED 140 million in debt for Emiratis

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 222 Emiratis, totalling AED 139.87 million. Among the beneficiaries, 132 retirees will have debts exceeding AED86.476 million waived, while 90 citizens under the social support category are cleared of more than AED53.403 million. The initiative run by the Defaulted Debts Settlement Fund reflects the UAE leadership's commitment to social cohesion and the well-being of vulnerable groups. It also advances social development by easing financial burdens, strengthening family stability and upholding the values of solidarity that define Emirati society.

UAE President waives nearly AED 140 million in debt for Emiratis
UAE President waives nearly AED 140 million in debt for Emiratis

ARN News Center

time3 days ago

  • ARN News Center

UAE President waives nearly AED 140 million in debt for Emiratis

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 222 Emiratis, totalling AED 139.87 million. Among the beneficiaries, 132 retirees will have debts exceeding AED86.476 million waived, while 90 citizens under the social support category are cleared of more than AED53.403 million. The initiative run by the Defaulted Debts Settlement Fund reflects the UAE leadership's commitment to social cohesion and the well-being of vulnerable groups. It also advances social development by easing financial burdens, strengthening family stability and upholding the values of solidarity that define Emirati society.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store