The UAE pays $ 100 million debts of their citizens
Reporter: Seyed Mojtaba Sadat
The UAE government has contracted 13 banks to pay off its citizens’ debts.
According to foreign media, Jaber Mohammed al-Suwaidi, chairman of the Emirates Emergency Debt Consolidation Committee, wrote: The UAE government has contracted 13 banks to pay US $ 100 million in loans to its citizens.
Mr. Al-Suwidi adds: A total of 361 million Darhm “over $ 98 million” has been agreed with 13 banks to pay its citizens debts. The measure is intended to provide high levels of these citizens.
This was a criminal offense in 2017, when the tax was paid to the UAE in the United Arab Emirates.