UAE President waives AED475 million in debt for Emiratis

Saturday, 29 November 2025 13:15

By ARN News Staff

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 1,435 Emirati citizens, totalling more than AED475.154 million.

The initiative run by the Defaulted Debts Settlement Fund reflects the UAE leadership’s commitment to easing the financial burdens of citizens and ensuring their wellbeing, supporting family stability and contributing to broader social development.

The programme aims to reduce living pressures on low-income and distressed borrowers and help them regain financial stability.

It is carried out in cooperation with 19 banks and financial institutions in the UAE.

The exemptions cover humanitarian and medical cases, low-income borrowers, the deceased, low-income retirees, and senior citizens.

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Airbus A320 recall: UAE airlines carry out updates with 'minimal' impact
Etihad Airways and Air Arabia have confirmed minimal impact to its operations following software fixes outlined by Airbus for its global A320-series aircraft.
UAE President waives AED475 million in debt for Emiratis
President His Highness Sheikh Mohamed bin Zayed Al Nahyan has cleared the debts of 1,435 Emirati citizens, totalling more than AED475.154 million.
Sheikh Khaled approves housing benefits package worth AED4 billion
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has approved a housing benefits package, valued at AED4 billion, to benefit 3,310 citizens across the Emirate.

UAE President waives AED475 million in debt for Emiratis

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