UAE financial markets to close on Nov 15
The Securities and Commodities Authority(SCA) has announced that the financial markets nationwide will close on Thursday, November 15, and resume transactions on Sunday, November 18, to mark the Islamic New Year.
It took this occasion to congratulate President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister and Ruler of Dubai and Their Highnesses Members of the Supreme Council, Rulers of Emirates, on the occasion.
The private sector will observe Thursday, 15 November 2012, as an official paid holiday to mark the new Hijri year 1434, according to a circular issued by Minister of Labour saqr Gobash.
The Federal Authority for Human Resources has announced that Thursday, November 15, will be a holiday for all ministerial and federal bodies on the occasion of the Islamic New Year.
Work will resume on Sunday, November 18, according to a circular issued Humaid Mohammad Al Quttami, Minister of Education and Chairman of FAHR.The one-day break is given to the private sector workers in virtue of article (74) of the federal labour law (8)/1980 on work relations and its amendments.
The minister seized the glorious occasion to send best wishes and congratulations to President His Highness Sheikh Khalifa bin Zayed Al Nahyan ,Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, and Their Highnesses Supreme Council Members and Rulers of the Emirates
He also congratulated the government and people of the UAE, expatriate residents and Arab and Muslim countries.
Similarly, employees in the UAE can usher in the New Year with a holiday on January 1, 2013.
National Day weekend
Meanwhile, on the occasion of the 41st anniversary of the UAE National Day on December 2, 2012, the government sector employees in the Emirates are likely to get a four-day holiday.
The holidays will begin on Friday and run until Monday, with public sector staff returning to work on Tuesday.
Private sector employees will be off on Sunday – December 2 – thereby enjoying a three-day extended weekend.
Follow Emirates 24|7 on Google News.