UAE shifts weekend to Saturday and Sunday from January 1st

News Image

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

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 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg