UAE
UAE waives AED 834 million in loan interest for low-income retirees
The UAE's Defaulted Debts Settlement Fund has waived AED 834 million in accrued loan interest for 2,339 low-income retirees, ahead of Eid Al Adha.
May 26, 2026
May 26, 2026
The Dubai Desk reports on major developments across the UAE, covering news, culture, business, and social trends shaping the region.
The UAE's Defaulted Debts Settlement Fund has waived AED 834 million in accrued loan interest for 2,339 low-income retirees, ahead of Eid Al Adha.
Dubai's RTA has announced free public parking across the emirate from May 25 to 29 for Eid Al Adha 2026, with metro and bus timings also updated
Dubai rolls out a second economic incentives package worth $408 million as Iran's Strait of Hormuz blockade and the fallout from the Middle East war weigh on Gulf businesses
UAE air defenses intercepted six hostile drones targeting the Barakah nuclear power plant and other sites, with all attacks traced back to Iraqi territory
A drone strike set an electrical generator ablaze outside the Barakah nuclear power plant in Abu Dhabi. No injuries or radiation changes were reported
GCC countries hit 100% vaccine coverage in 2024, surpassing the global average of 84%, while contributing $842.7 million to global health funding in 2023
