ABU DHABI // The authority responsible for settling the debts of Emiratis, including those who bounced security cheques, will not pay off money owed by expatriates.
The Higher Committee of the Nationals Defaulted Debts Settlement Fund said yesterday that it is only concerned with settling the debts of Emiratis, whether detained or convicted, the state news agency Wam reported.
Those debts will be settled according to payment schedules set by courts.
Earlier this week, the Ministry of Presidential Affairs announced that loan defaulters would no longer face prison when their security cheques bounced.
"Expatriates jailed for defaulting have been released from prison, following a similar move announced in October specifically for Emiratis.
In a press release, the Fund also said that prosecutors will suspend all the criminal cases pending in connection with bounced security cheques by UAE nationals.
Those detained or convicted were immediately released.
The Fund highlighted the directives of the President, Sheikh Khalifa, to "make available all resources which provide dignified living for nationals [and] help them overcome all barriers that impinge on the stability of their families".
newsdesk@thenational.ae
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Edinburgh: November 4 (unchanged)
Bahrain: November 15 (from September 15); second daily service from January 1
Kuwait: November 15 (from September 16)
Mumbai: January 1 (from October 27)
Ahmedabad: January 1 (from October 27)
Colombo: January 2 (from January 1)
Muscat: March 1 (from December 1)
Lyon: March 1 (from December 1)
Bologna: March 1 (from December 1)
Source: Emirates
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- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
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Started: 2023
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Industry: Sustainability & Environment
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Investors: Venture capital and government
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Rating: 3/5