DUBAI, United Arab Emirates — The United Arab Emirates mentioned Tuesday its official workweek will transfer to four-and-a-half days Monday by way of Friday, a big change that brings the Islamic nation house to main monetary establishments consistent with Western schedules.
The choice, which is to take impact subsequent month, makes the Gulf Arab federation one of many few nations within the Center East to function on Western hours as a substitute of on a Sunday by way of Thursday week. Lebanon and Turkey additionally comply with a Monday-Friday workweek.
The long-rumored shift comes because the UAE, house to the coastal emirates of Dubai and Abu Dhabi, seeks to bolster its enterprise and vacationer attraction whereas rising from disaster of the coronavirus pandemic and going through stiffer regional competitors, notably with Saudi Arabia.
Skyscraper-studded Dubai has attracted a wide range of Western multinational companies over time. Its Dubai Worldwide Monetary Heart overseen by unbiased regulators has grown, offering inventory merchants and market merchants a handy time zone to work between Asian and European markets – the solar units on this a part of the Mideast across the time markets open in New York.