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The Gulf country has decided to switch its working week, which will lead to the opening of the United Arab Emirates stock exchanges Monday-to-Friday, according to a government official.
Abdulrahman Al Awar, Director General at the Federal Authority for Government Human Resources, said on Wednesday that they will operate Monday-Friday and Friday as a full business day for the stock markets.
UAE Departs from Mideast Weekend in Switch Aimed at Global Trade Trade
The UAE said Tuesday it will switch its weekend to Saturday and Sunday for federal employees, breaking ranks with the rest of the Gulf Arab region and accelerating a push to draw in international investment and business. It will adopt a 2 day working week, with Friday being a holy day in Islam.
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