Army Radio reported that Netanyahu told lawmakers at parliament's Foreign Affairs and Defence Committee that it was being examined
As many as 1,607 Emiratis have been exempted from paying debts worth Dh869.8 million, the UAE's Citizens' Debt Settlement Fund has announced.
The exemption has been implemented as per directives of the President, His Highness Sheikh Khalifa bin Zayed Al Nahyan.
Twelve banks will be part of the programme, according to the Abu Dhabi Government Media Office.
It is being implemented with support from His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces.
Participating banks include First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Al Hilal Bank, Mashreq Bank, Emirates NBD, Abu Dhabi Islamic Bank, Standard Chartered, RAKBANK, Commercial Bank of Dubai, Dubai Islamic Bank, Emirates Islamic, NBQ, and the Arab Bank for Investment & Foreign Trade (Al Masraf).
"Since its establishment in 2011, under the directives of the President, the fund has undertaken many important initiatives to address the issues and concerns of citizens and provide them with the means for a decent standard of life, in cooperation with national banks and the Central Bank," said Jaber Mohammed Ghanem Al Suwaidi, Director-General of the Crown Prince Court of Abu Dhabi and Chairman of the Supreme Committee of the Non-performing Debt Relief Fund.
Al Suwaidi also thanked all the banks that contributed to this initiative.
Army Radio reported that Netanyahu told lawmakers at parliament's Foreign Affairs and Defence Committee that it was being examined
The weakness is a further sign of soft consumer and industrial demand,
Investors cheered first rate cuts in over four years, boosting S&P 500 to new records
Some 56% of UAE CEOs expect returns on ESG investments within 3 to 5 years
Credit Suisse came close to imploding months before its takeover
The group has net debt of £15 billion
Key destinations like Dubai, Abu Dhabi, Ras Al Khaimah, and Fujairah, YAS islands have become hot spots
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