Hundreds of Emirati debtors freed

Updated 11 November 2012
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Hundreds of Emirati debtors freed

DUBAI: The UAE has released from prison around 290 people convicted of bouncing checks, the state news agency said yesterday, the latest step by one of the world’s richest countries to help its citizens deal with their debts.
The drive to help debtors underlines moves by the government to expand its support to the population, as the UAE and other countries across the region boost welfare spending in the wake of last year’s Arab Spring uprisings in the Middle East.
Signing checks without sufficient funds to back them is a criminal offense under UAE law and the order to release citizens who had defaulted on check payments was given last month by President Sheikh Khalifa bin Zayed Al-Nahyan.
In May, the president allocated around AHD 5 million ($1.4 million) to settle defaulted loans for each indebted Emirati.
The UAE central bank told commercial banks in August to extend maturities on certain personal loans held by UAE citizens by more than four years. WAM said yesterday authorities have given certificates to those released from jail protecting them from future criminal prosecution over their cases.
However, an official quoted by the agency said creditors could still try to recover debts through civil courts.
The latest amnesty does not extend to all debtors. A number of foreigners, most of them real estate developers and businessmen who worked in Dubai during its economic boom several years ago, remain in prison after being convicted and sentenced over bounced checks.


Turkey, Iran carried out joint operation against Kurdish militants

Turkey’s Interior Minister Suleyman Soylu, above, said the operations will be on the eastern Turkish border. (AFP/File)
Updated 18 March 2019
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Turkey, Iran carried out joint operation against Kurdish militants

  • Turkish Interior Minister said they will reveal the results of the operation
  • Turkish military carried out a number of arrests of alleged PKK members in Turkey

ANKARA: Turkey and Iran carried out a joint operation against militants from the outlawed Kurdistan Workers Party (PKK) on Monday, Turkish Interior Minister Suleyman Soylu said according to state-owned media.
“We started carrying out an operation with Iran against the PKK on our eastern border this morning (and) will announce the result,” news agency Anadolu quoted Solyu as saying. State broadcaster TRT Haber also cited him commenting on the operation.
Turkey’s military regularly carries out air strikes against PKK militants in northern Iraq and has carried out operations to arrest alleged members of the group in Turkey. The PKK is deemed a terrorist group by Turkey, the United States and European Union.