Debt settlement fund exempts 3,310 Emiratis:
The debt settlement fund in the UAE has announced the exemption of 3,310 Emiratis from their debt in cooperation with 13 local banks, the state news agency WAM announced on Saturday.
Jaber Mohammed Al-Suwaidi, Director General of Abu Dhabi Crown Prince's Court, Chairman of the Higher Committee for the Treatment of Distressed Debt, said this initiative comes within the framework of the keen leadership of the United Arab Emirates to secure the living conditions of citizens and their interest in enhancing their family stability.
He explained that the initiative is particularly important to coincide with the "Year of Tolerance" announced by His Highness Shaikh Khalifa Bin Zayed Al Nahyan, President of the UAE.
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