UAE President receives banking delegation supporting Emirati debt relief initiative

President Sheikh Mohamed bin Zayed Al Nahyan on Tuesday received a delegation representing banks and financial institutions that contributed to the initiative to waive the debts of Emiratis facing financial challenges. The initiative is led by the Defaulted Debts Settlement Fund in collaboration with banks and institutions across the country.

During the meeting at Qasr Al Bahr in Abu Dhabi, Sheikh Mohamed expressed his appreciation for their involvement and highlighted the importance of strengthening a culture of social responsibility within the UAE. He noted that the more deeply this sense of responsibility takes root, the more resilient and cohesive the nation becomes.

Recommended For You

Israel's Netanyahu accepts invitation to join Trump's Board of Peace

Meta's new AI team delivered first key models internally this month, CTO says

Top horses, beautiful hats: Fashion Friday set to thrill at Meydan

Brooklyn Beckham and his parents: A timeline of Victoria, David Beckham's feud with their eldest son

Not just rain: How UAE researchers are spotting hail, snow, even insects inside a storm

 

He commended the initiative for bringing relief and renewed hope to many families, describing it as a meaningful contribution to social stability, which he identified as a national priority.

He also emphasised that when institutions fulfil their social roles, they help drive forward the UAE’s broader developmental vision, which is based on strong partnerships between the government, public institutions, and the private sector. His Highness underlined that successful development models around the world are built on the strength of such cooperation.

For their part, members of the delegation reaffirmed their institutions’ commitment to supporting national initiatives that foster social and familial stability. They also expressed their continued support for the UAE leadership’s efforts to ease the financial burdens faced by citizens while enhancing quality of life for Emirati families.