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, according to Arabian News. Debt for 1,214 UAE Nationals will be paid off as part of the directives announced by the President. 17 banks and institutions, thought to includePresident 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, according to Arabian News. Debt for 1,214 UAE Nationals will be paid off as part of the directives announced by the President. 17 banks and institutions, thought to include » The FINANCIAL Featured
Jaber Mohammed Ghanem Al Suwaidi said the project was launched to meet the needs of citizens and support the well-being and stability of Emirati families.
Abu Dhabi: Infrastructure works on a Dh400 million residential project for Emiratis has been completed in Sharjah, Emirates News Agency (WAM) reported.
The Follow-Up Committee of the Initiatives of the UAE President announced the completion of the works of the development which will feature 323 houses spanning an area of 407,880.4 square metres in the emirate’s “Al Suyoh 16” area.
Meeting citizens needs
Jaber Mohammed Ghanem Al Suwaidi, Director-General of the Crown Prince Court of Abu Dhabi, and Chairman of the Follow-Up Committee of the Initiatives of the UAE President, said the project was launched to meet the needs of citizens and support the well-being and stability of Emirati families.