In a generous gesture timed perfectly for the arrival of Eid Al Adha, the UAE government has announced the cancellation of interest on debts for 2,339 low-income retirees. Directed by the nation's President, this massive initiative saw over Dh834 million in accrued interest written off. The program, managed by the Debt Settlement Fund in partnership with various national banks, specifically supports retirees aged 50 and older, helping them manage their finances and strengthening the spirit of social cohesion across the country.

Major financial institutions played a pivotal role in this relief effort, with banks like Abu Dhabi Commercial Bank, First Abu Dhabi Bank, and Abu Dhabi Islamic Bank leading the contributions. Under the new arrangement, these lenders will waive future interest and profits on existing loans while setting up manageable repayment plans for the principal amounts. This move is a core part of the UAE’s broader mission to improve the quality of life for its citizens and aligns with the goals of the "Year of the Family 2026," ensuring long-term financial stability and peace of mind for retired households.