KHALEEJ TIMES, Tuesday, Dec 28, 2021 | Jumada Al-Uola 21, 1443
New UAE weekend: Abu Dhabi Global Market announces shift to Mon-Fri workweek
Emirates:
Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to
Friday working week from January 1, 2022, with Saturday and Sunday as the
universal weekend.
With the new working week, the UAE brings its business community and
financial sector closer to global markets and real-time economic and trading
activities.
In support of the UAE and Abu Dhabi’s economic strategic, ADGM aims to generate
new growth opportunities, accelerate cross-border collaborations, and support
more stakeholders, investors and industries that are based in various time zones
and market hours from Asia, Middle East, Europe to America.
Ahmed Jasim Al Zaabi, Chairman of ADGM, said, "As an IFC strategically
positioned along the East-West trade corridors, ADGM has been a vital partner
and business enabler to local and international stakeholders and customers,
augmenting their expansion plans and business objectives. With the working week
in sync with the rest of the global markets, new and more market participants
can benefit from the vast business opportunities and investment possibilities in
the UAE and wider MENA region with ADGM as their nexus to growth.
"ADGM remains committed and will continue to advance the economic
competitiveness and sustainability of Abu Dhabi and the UAE through its
innovativeness, robust regulatory frameworks, connectivity and world-class
services."
With more than 3700 registered entities and a strong pipeline of growth, ADGM
has been one of the most attractive, competitive and accessible global
investment centres and tech startup hubs in MENA for the rest of the world.