UAE shifts weekend to Saturday and Sunday from January 1st

MG News | December 07, 2021 at 05:47 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

December 7, 2021 (MLN): The United Arab Emirates will shift its weekend to Saturday and Sunday for government entities as it looks to bring itself more in line with the rest of the world, Bloomberg reported on Tuesday.

As per the details, the UAE government said it will adopt a 4-1/2 day working week from January 1, with the weekend starting on Friday afternoon and lasting until Sunday.

Presently, the UAE and the rest of the Gulf nations, have a Sunday-Thursday working week.

“This will align the UAE with global markets and make it easier for international corporations to do business,” said Nabil Alyousuf, chief executive officer of Dubai-based International Advisory Group, reported Bloomberg.

“This will increase the number of days we do business with the rest of the world, which will boost trade,” he added.

In the context of Pakistan, this development will increase business turnover, said Malik Bostan, President Forex Association of Pakistan, while speaking to Mettis Global News.

“As 70% of Pakistan’s workers are in the Middle East, it will also boost remittance inflow,” he added.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	184,520.96 423.48M	0.26% 470.86
ALLSHR	111,273.74 986.42M	0.44% 483.91
KSE30	55,083.19 197.44M	0.25% 138.98
KMI30	261,314.51 141.59M	0.26% 679.64
KMIALLSHR	71,698.64 555.80M	0.45% 320.42
BKTi	51,680.94 85.40M	0.11% 56.48
OGTi	37,287.90 17.12M	0.93% 345.12

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	62,045.00	62,420.00 59,710.00	1865.00 3.10%
BRENT CRUDE	71.34	71.39 70.14	-0.23 -0.32%
RICHARDS BAY COAL MONTHLY	107.50	0.00 0.00	0.30 0.28%
ROTTERDAM COAL MONTHLY	121.00	121.40 119.50	1.90 1.60%
USD RBD PALM OLEIN	1,135.00	1,135.00 1,135.00	0.00 0.00%
CRUDE OIL - WTI	68.27	68.31 67.04	-0.31 -0.45%
SUGAR #11 WORLD	14.81	15.17 14.81	-0.18 -1.20%