INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

UAE adopts Ramadan working hours for federal authorities

UAE's outward FDI flows reached nearly AED 82.6 billion ($22.5 billion) in 2021.
  • The decision also allows federal authorities to implement flexible working and remote work systems on Fridays during the month
  • The rules for working from home stipulate that both employees and their work should meet related requirements

The UAE Government on Friday announced the official working hours during the holy month of Ramadan for ministries and federal authorities.

According to the decision, the official working hours for federal authorities during the month will be from 9:00 to 14:30 on Mondays-Thursdays, and from 9:00 to 12:00 noon on Fridays.

The decision also allows federal authorities to implement flexible working and remote work systems on Fridays during the Holy Month, in line with government decisions that regulate flexible and remote work for federal government employees, including on Friday. Moreover, the resolution offers the option to work from home on Fridays for 40 percent of the total number of government employees.

The rules for working from home stipulate that both employees and their work should meet related requirements, and federal authorities should identify suitable jobs that can be done from home and organise appropriate tasks and duties for employees on Fridays approved by direct supervisors, in coordination with heads of departments and human resources departments.

The weekly work system for the federal government will prioritise employees who live far from their workplaces or have specific conditions that make it hard for them to travel.