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The German bank will from Jan.3 operate Monday-Friday in the country, instead of the current Sunday-Thursday as is common around the Middle East, a source familiar with the matter told Reuters.
Wall Street-based JPMorgan is also adapting the same week in UAE, along with flexible practices such as a break for Muslim prayers on Fridays, the bank said in a statement.
France-based Societe Generale's spokesperson said it is implementing Saturday-Sunday weekend from Jan.2 in its Dubai and Abu Dhabi entities, according to an emailed statement.
Bloomberg News was the first to report on Sunday that JPMorgan, Deutsche Bank, Bank of America Corp and Societe Generale will switch to a Saturday-Sunday weekend in the UAE.
Representatives of Bank of America did not immediately respond to a Reuters request for comment.
The banks' move comes after the UAE said on Dec.7 that it would shift to a four-and-a-half day week with a Saturday-Sunday weekend from the start of next year.
Private companies are, however, free to choose their own working week in the UAE, which is the region's commercial, trade and tourism hub.
In its report on the Monetary & Banking Developments for May 2022, CBUAE clarified that the gross credit grew by 2.6 per cent rising from Dhs1,817.4 billion at the end of April 2022 to Dhs1,865.5 billion at the end of May 2022.
The digital banking platform's primary shareholders ADQ and Alpha Dhabi, one of the fast-growing investment holding companies in the Middle East, own 65%. Additionally, Etisalat holds 25%, and the First Abu Dhabi Bank holds 10%.
The CRS is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial regulatory organisations across the world through secure channels.
Sheikh Hamdan said on Twitter, "According to The Economist recent index, Dubai secured the third position among ten prominent global cities, reflecting its performance over the last three years.
Khalifa Economic Zones Abu Dhabi - KEZAD Group, the integrated economic and industrial hub of Abu Dhabi, announced the signing of a land lease agreement with Spain’s Tubacex Group for the development of a state -of-the-art manufacturing facility for OCTG-CRA tubular solutions, the first such manufacturing facility in the
The total spending target would be Rs14.5 trillion, Finance Minister Ishaq Dar said, with Rs1.8 trillion going to defence. It would target debt servicing of Rs7.3 trillion.