The UAE has taken a landmark step to lift a heavy burden off its citizens, clearing debts exceeding AED 475 million for 1,435 Emiratis. This initiative provides crucial financial relief, allowing families to regain stability, focus on their wellbeing, and plan for the future without the constant strain of unpaid loans. By easing such significant financial pressures, the program highlights the leadership’s commitment to practical support that strengthens both families and the wider community. The Defaulted Debts Settlement Fund has worked closely with 19 banks and financial institutions to implement the debt waiver, marking one of the…
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