UAE | General
Banks and financial institutions to be closed on January 1
The public and private sectors in the UAE will be closed on Tuesday, January 1, 2008, to mark the New Year.
- Staff Report
- Published: 12:35 December 30, 2007
Dubai: The public and private sectors in the UAE will be closed on Tuesday, January 1, 2008, to mark the New Year.
Sultan Bin Saeed Al Mansouri, Minister of Governmental Sector Development, announced in a circular that public sector employees will get a one-day holiday to celebrate the start of 2008.
According to another circular issued by Dr Ali Bin Abdullah Al Ka'abi, Minister of Labour, private sector establishments will also remain closed for one day on January 1, to observe the new Gregorian year.
Work will resume on Wednesday for both the public and private sectors.
Banks and financial institutions will also be closed, however residents can use ATMs to withdraw cash. The UAE stock markets will also be closed. Trading will resume on Wednesday, January 2, 2008, as per the newly extended trading sessions of four hours from 10am to 2pm.
All emergency services will be in full swing during the holiday.
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