President Sheikh Mohamed has waived debts of 1,277 Emiratis ahead of the country’s 53rd national day, Eid Al Etihad.
The Nationals Defaulted Debts Settlement Fund (NDDSF) said that 18 banks and entities have agreed to clear debts worth Dh401 million.
These include Abu Dhabi Commercial Bank Group, Al Hilal Bank, Emirates NBD, Mashreq Bank, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, Sharjah Islamic Bank, Dubai Islamic Bank, Commercial Bank of Dubai, Etisalat, Arab Bank for Investment and Foreign Trade, Emirates Islamic Bank, United Arab Bank, HSBC, RAK Bank, Amlak Finance, National Bank of Umm Al Quwain, Citibank, and Standard Chartered.
It’s part of efforts by the UAE government to “stamp out all obstacles met by Emirati citizens and…
