Global Banks Set to Adopt Monday-Friday Workweek in the UAE - Bloomberg
International banks operating in the United Arab Emirates are set to adopt a Monday-Friday workweek in the country from January, bringing their regional operations in line with the global standard.
JPMorgan Chase & Co., Deutsche Bank AG, Bank of America Corp. and Societe Generale SA will switch to a Saturday-Sunday weekend in the UAE, according to people familiar with matter, following the Gulf nation’s decision to change its workweek.
The banks will offer employees some flexibility on Fridays and haven’t so far hinted at any imminent relocations, people familiar with matter said. Dubai is the region’s main business and financial hub, though most international banks have staff in Saudi Arabia to cover Sundays.
Schools and the public sector in the UAE will move to a 4 1/2-day week in the new year, with a half day on Friday -- a holy day in Islam. While that will align the UAE with global economies, it will break ranks with other Arab Gulf nations that have a Sunday-Thursday working week.
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