Latest news with #AED86.476
Dubai Eye
04-06-2025
- Business
- 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.
TAG 91.1
04-06-2025
- Business
- 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.
ARN News Center
04-06-2025
- Business
- 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.
Sharjah 24
04-06-2025
- Business
- Sharjah 24
Upon President's directives, 222 citizens exempted from debts
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
