The concert will spotlight teen musical prodigy, Sreeyanka Banerjee, alongside renowned theatre personality, Gaggan Mudgal
The Defaulted Debts Settlement Fund in the UAE has announced that 1,244 citizens, with a total debt value of Dh394,586,000, will be exempted from their debts.
The initiative is conducted in cooperation with 18 banks and financial institutions in the country. It follows the directives of UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, and Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, to stamp out all obstacles met by Emirati citizens and ensure social welfare.
On this occasion, Jaber Mohammed Ghanem Al Suwaidi, Minister of State and Chairman of the Supreme Committee of the Fund, expressed his thanks to the President and Vice-President for the initiative, which embodies the unyielding commitment of the leadership to ensure well-being for citizens.
He also commended the effective response of banks and financial institutions for the cooperation they showed in clearing the debts.
Al Suwaidi pointed out that the settlement of debts is subject to specific and strict laws and standards regarding the quality of loans and their areas of expenditure, taking into account that they should have been directed to essential areas.
The list of participants in this initiative includes 18 banks and entities, namely First Abu Dhabi Bank; Abu Dhabi Commercial Bank; Al Hilal Bank; Emirates NBD; Mashreq Bank; Abu Dhabi Islamic Bank; Dubai Islamic Bank; Sharjah Islamic Bank; RAK Bank; Etisalat; Commercial Bank of Dubai; United Arab Bank; Al Masraf; Amlak Finance; National Bank of Umm Al Qaiwain; HSBC; Emirates Islamic; Citibank and Standard Chartered.
Banks, financial institutions and national companies officials expressed their pleasure and pride in taking part in this national initiative through the Debt Settlement Fund to serve the interests of citizens and society.
ALSO READ:
The concert will spotlight teen musical prodigy, Sreeyanka Banerjee, alongside renowned theatre personality, Gaggan Mudgal
‘Walk for Inclusivity’ hosted by the Gems Legacy School, also aimed to highlight the importance of leading a healthy lifestyle
Here's a quick guide to holiday operating hours of centre and hubs that are providing essential services
Dubai Electricity and Water Authority has reminded its customers to take proactive measures before travelling
It will be implemented from Saturday, 15 June until 15 September
The 34-year-old mother opted to undergo a diagnostic laparoscopic surgery seven months into her pregnancy in order to save her baby
The trip was made possible at the invitation of Italian Prime Minister Giorgia Meloni
Even ceilings and floors in the preparation area are also in good condition, say authorities