UAE President Forgives AED 139 Million in Debt for 222 Citizens

2 mins read
UAE President

In an act of national solidarity and civic support, UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan has ordered the cancellation of debts totaling AED 139 million for 222 Emirati citizens. This move was carried out under directives to the Nationals Defaulted Debts Settlement Fund (NDDSF).


Beneficiaries & Breakdown

The initiative specifically covers:

  • 132 pensioners, with AED 86.48 million wiped from their debt.
  • 90 social security recipients, relieved of over AED 53.4 million in obligations.

Strategic Purpose & Timing

  • The debt relief aligns with the UAE leadership’s commitment to ensuring a dignified and stable life for its citizens, particularly those retired or receiving social aid.
  • Implemented ahead of Eid al‑Adha, the measure underscores the spirit of empathy and support emphasized during this period of reflection and community solidarity

Leadership Values & Social Impact

  • This gesture reflects the UAE’s focus on social welfare and sustainable development, reaffirming its stewardship of citizen wellbeing.
  • By lifting financial burdens, particularly for retirees and low-income families, the initiative enhances quality of life and reduces economic stress on households.

Institutional Framework

  • The NDDSF, under the oversight of the Presidential Court led by Sheikh Mansour bin Zayed Al Nahyan, administers the debt waivers.
  • The move forms part of wider debt-relief and social justice schemes, including previous gestures like pardons for inmates and financial assistance measures.

Broader Significance

  • Reinforces the UAE’s hallmark values of solidarity, unity, and mutual support, key tenets of national identity.
  • Strengthens confidence among citizens in governmental care and the social safety net.
  • May provide indirect economic support by improving consumer confidence and enabling beneficiaries to better contribute to the economy.

Final Takeaway

By cancelling AED 139 million in debts across 222 Emirati citizens, the UAE President demonstrates purposeful governance rooted in compassion and collective well-being. This policy not only alleviates immediate financial hardships but also reinforces national unity and the country’s vision for a prosperous, inclusive future.


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