GCC News 24
Business
Politics
Tech
Society
Green
Sports
Entertainment
Translate image English Down Arrow
The MTA Speaks| Prayer times| Weather Update| Gold Price
Follow Us: Facebook Instagram YouTube twitter

Debt Relief for 2,339 Retired Citizens in the UAE

Debt Relief for 2,339 Retired Citizens in the UAE

Post by : Bianca Haleem

In a significant move, President Mohamed bin Zayed Al Nahyan has endorsed a debt relief program benefiting 2,339 low-income retirees across the UAE, amounting to over AED 834 million.

Under this initiative, seven banks in the UAE are mandated to eliminate all interest on loans taken by these retirees, aimed at alleviating financial stress and improving their quality of life.

The process of settling debts will be overseen by Mansour bin Zayed Al Nahyan, who holds the positions of Vice President, Deputy Prime Minister, and Chairman of the Presidential Court.

This initiative is facilitated through the Defaulted Debts Settlement Fund, reflecting the leadership's ongoing dedication to assisting vulnerable segments of society.

Officials have expressed that this decision underscores the UAE's unwavering commitment to social welfare and community support, aiming to enhance financial stability and dignity for retired citizens.

May 26, 2026 1:19 p.m. 1273
Global News UAE News Dubai News World News

More Trending News

Featured Stories

Iran Oman Seek Safe Route Through Hormuz
Aug. 26, 2026 11:33 a.m.
Iran and Oman discuss a temporary Hormuz shipping route as attacks and disruptions continue to threaten global oil traffic
Read More
Bolivia Opens Humanitarian Corridors Amid Deepening Crisis
Aug. 25, 2026 3:57 p.m.
Bolivia opens humanitarian corridors as protests and blockades disrupt food fuel medicine and oxygen supplies
Read More
Middle East Gas Power Capacity Set to Hit 530 GW by 2035
Aug. 25, 2026 3:09 p.m.
Middle East gas-fired power capacity could reach 530 GW by 2035 as demand rises across industry, cities and energy systems
Read More
Qatar Schools Ready as 148,000 Students Return for New Year
Aug. 25, 2026 2:53 p.m.
Qatar prepares 282 public schools and 69 kindergartens to welcome 148,000 students for the new academic year
Read More
Ukraine Targets Ozon Warehouses in Wider Russia Drone Attacks
Aug. 25, 2026 1:03 p.m.
Ukraine targets six Ozon logistics hubs in Russia as drone attacks expand, disrupting operations and sending Ozon shares sharply lower
Read More
Saudi-French Ties Transform AlUla Into Cultural Hub
Aug. 25, 2026 12:47 p.m.
Saudi-French cooperation is turning AlUla into a global cultural hub through heritage art archaeology and design
Read More
Saudi Arabia to Open New Cultural Center in Paris
Aug. 25, 2026 12:35 p.m.
Saudi Arabia announces a new Paris cultural center to promote its heritage and strengthen cultural ties with France
Read More
Qatar Deputy Amir Congratulates Uruguay President Orsi
Aug. 25, 2026 12:24 p.m.
Qatar Deputy Amir Sheikh Abdullah congratulates Uruguay President Yamandú Orsi on Uruguay's Independence Day
Read More
Qatar PM Congratulates Uruguay President on Independence
Aug. 25, 2026 12:07 p.m.
Qatar PM Sheikh Mohammed congratulates Uruguay President Yamandú Orsi on the country's Independence Day
Read More
Sponsored
Trending News
Two Palestinians Die After Gaza Airstrike Injuries

Two Palestinians Die After Gaza Airstrike Injuries

Two Palestinians die from airstrike injuries as Israeli bombardment continues in Gaza medical sourc
Aug. 24, 2026 4:24 p.m. 189
China Flood Death Toll Rises to 159 in Guangxi

China Flood Death Toll Rises to 159 in Guangxi

Floods in southern China have killed 159 people while 10 remain missing as Guangxi continues its re
Aug. 21, 2026 4:23 p.m. 263
Embracing Life's Unpredictability: Trust in Your Journey

Embracing Life's Unpredictability: Trust in Your Journey

Explore how embracing life's uncertainties and trusting the process can lead to growth and new oppor
June 26, 2026 12:59 p.m. 1718
Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Casualties Mount in Lebanon as Israeli Airstrikes Persist Amid Fragile Ceasefire

Lebanon says 4,175 people have been killed and over 12,000 injured since Israeli attacks began in Ma
June 23, 2026 10:05 a.m. 1860
Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

Sprinkler Malfunction Interrupts World Cup Match at Gillette Stadium

A sprinkler malfunction at Gillette Stadium caused a water leak during halftime of the Iraq vs Norwa
June 17, 2026 5:16 p.m. 1655
Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s Historic Monastery May Need Two Years for Full Restoration After Strike Damage

Kyiv’s historic Pechersk Lavra monastery suffered major damage in a recent attack, and repairs could
June 17, 2026 12:11 p.m. 1815
Vozinha Becomes World Cup Hero After Spain Masterclass

Vozinha Becomes World Cup Hero After Spain Masterclass

Cape Verde goalkeeper Vozinha stunned Spain with a brilliant display in a historic World Cup draw, g
June 16, 2026 10:52 a.m. 2257
India A-Sri Lanka A Clash Sparks Vaibhav Controversy

India A-Sri Lanka A Clash Sparks Vaibhav Controversy

Young India A batter Vaibhav Sooryavanshi was involved in a heated altercation after Sri Lanka A's S
June 16, 2026 10:24 a.m. 1621