Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January 2022, with Saturday and Sunday as the universal weekend.
ADGM said in a statement that the new working week brings the emirate’s 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, the statement said.
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.”
He said a working week that is in sync with the rest of the global markets, new and more market participants could benefit from the vast business opportunities and investment possibilities in the UAE and the 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,” he said.
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 centers and tech startup hubs in MENA for the rest of the world, the statement said.
Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
- ADGM said the new working week brings Dubai's business community and financial sector closer to global markets and real-time economic and trading activities.
- More than 3700 entities are registered with the ADGM and it has a strong pipeline of growth, said the IFC in a statement.
Today's Headlines
By signing up you agree to our Terms of Use and Privacy Policy
The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…
PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size
The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.