UAE President Sheikh Mohamed wipes out $136m debt for Emiratis

-


UAE

UAE President Sheikh Mohamed bin Zayed ordered AED536.2m ($136.1m) of debt owed by people in the UAE to be waived ahead of the country’s 51st National Day.

Debt for 1,214 UAE Nationals are paid off as a part of the directives declared by the President. seventeen banks and institutions, thought to incorporate initial Abu Dhabi Bank, Abu Dhabi business Bank, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Moslem Bank, RAK Bank, HSBC and city Islamic Bank, can clear the debts.

The keenness of the wise leadership of the United Arab Emirates to consolidate the values of tolerance, succeed happiness for its citizens, and improve their quality of life

Comments

Post a Comment

Popular posts from this blog

Sharjah Airport Authority announce to participate at ATM 2024

-
Image
Sharjah Airport Authority (SAA) announced its participation in the 31st edition of the Arabian Travel Market 2024 (ATM), which will begin on May 6 and continue until May 9 at the Dubai World Trade Center. The exhibition will include the participation of Sharjah Airport Travel Agency (SATA) and Air Arabia under the umbrella of Sharjah Commerce and Tourism Development Authority at the Sharjah Airport platform. The Sharjah Airport Platform is gearing up to highlight Sharjah Airport's latest projects, competitive services offered to passengers, the latest smart technologies used in its operational processes, besides the passenger terminal. details of its future expansion plans and the package of services and competitive amenities it provides to enhance its leading position in the world of travel and aviation and as a key gateway for travelers from around the world. ; and its unique strategic location in the heart of the UAE. The airport continues to succeed in providing its customers w...
Read more

Building Bridges for Progress: Azerbaijan-UAE Partnership in Sustainability and Economic Growth

-
Image
 The strategic partnership between Azerbaijan and the United Arab Emirates (UAE) showcases how shared aspirations and mutual trust can propel nations toward achieving common global objectives. From fostering trade and investments to spearheading sustainability and climate initiatives, this relationship has set a benchmark for international cooperation. Economic Ties That Drive Growth The Azerbaijan-UAE economic partnership is characterized by robust trade and investment activities. Between January and November 2024, trade turnover reached $88.92 million, complementing the $1.6 billion figure achieved in 2023. These numbers reflect the flourishing bilateral trade, including non-financial imports, exports, and re-exports. Investment flows between the two nations have also seen exponential growth. In the first quarter of 2024 alone, Azerbaijan invested $65.8 million in the UAE’s economy—nearly three times more than the same period in 2023. Meanwhile, UAE investments in Azerbaijan rose...
Read more

UAE's Commitment to Protecting Children's Rights: Examining the Convention on the Rights of the Child and the Wadi-mah Law

-
Image
 The UAE has made significant domestic and international efforts to protect children's rights. In 1996, the country ratified the Convention on the Rights of the Child, which affirms all children's basic human rights, including the right to life, survival, development, education, and protection from abuse and exploitation. The UAE has also passed Federal Law No. 3 of 2016 on Children's Rights, also known as the "Wadi-mah Law," which establishes a comprehensive legal framework for the protection of children's rights in the country.  The Wadi-mah Law guarantees all of the rights and freedoms enshrined in international law, and the UAE is committed to providing all opportunities to strengthen child protection. The law expressly prohibits child labor, with the UAE Federal Labor Law prohibiting the employment of minors of both sexes under the age of fifteen. In accordance with the Constitution and the Federal Compulsory Education Act, the state also provides free e...
Read more