Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Deutsche Bank AG, JPMorgan Chase & Co and Societe Generale SA are changing to a Saturday-Sunday weekend from the New Year in the UAE, which is aligning its working week with most global markets.
Starting January 3, Deutsche Bank will operate from Monday-Friday instead of the current Sunday-Thursday, 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 prayers on Fridays, the bank said in a statement.
France-based Societe Generale’s spokesperson said it is implementing Saturday-Sunday weekend from January 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 December 7 that it would shift to a four-and-a-half day week with a Saturday-Sunday weekend from the start of next year.
Toomaj Salehi risks being hanged after the conviction on the Shariah charge of "corruption on Earth" by a Revolutionary Court
Aid groups warn any invasion would add to already-catastrophic conditions for Gaza's 2.4 million people
The American they will face Australia and Serbia on July 15 and July 17 as part of their preparation for the Paris Olympic Games
The leaders emphasise that the deal to release the hostages would bring an immediate and prolonged ceasefire in Gaza
Dubai-based Sumit Augustine has had a philosophical approach towards spending
The regional upswing also defies oil production cutbacks
It's a treatise that would determine the course of your life, not just academically, but as a person too
A US-based company is developing an eVTOL aircraft for commercial passenger service and is expected to start operations by 2025 or early 2026