Fed decision brings bulls back to the market
markets4 hours ago
The Islamic Crescent Observation Project (Icop) has said that astronomically Eid Al Fitr of Hijri year 1438 will be on Sunday, June 25 in most Muslim countries, considering that sighting of the moon is a precondition for the beginning of the month of Shawwal.
Mohammed Shoukat Awdah, head of Icop, said that most Islamic countries will witness the new moon of Shawwal on coming Saturday.
UAE's Ministry of Labour on Saturday declared that the Eid Al Fitr holiday, as an official paid holiday for all private sector employees in the UAE, will be on the first and second days of Shawwal.
Last week, the Federal Authority for Government Human Resources announced that Eid Al Fitr holiday for federal ministries and authorities in the UAE will begin on Saturday, 29th Ramadan (corresponding to June 24).
If Eid Al Fitr falls on Sunday, June 25, work will resume on Wednesday, June 28.
If Eid Al Fitr falls on Monday, June 26, the holiday will still begin on Saturday, Ramadan 29, with work resuming on Sunday, July 2.
Fed decision brings bulls back to the market
markets4 hours ago
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