logo
Dubai announces four-day working week for government employees over summer

Dubai announces four-day working week for government employees over summer

The National15-06-2025
The Dubai Government has announced a four-day working week with shorter daily hours for many government staff this summer.
Employees will be divided into two groups. The first will work eight hours from Monday to Thursday with Friday as a full holiday, while the second will work seven hours from Monday to Thursday and work a half-day on Fridays. The initiative will run from July 1 to September 12.
It follows a pilot plan last summer, launched by the Dubai Government Human Resources Department, called Our Summer is Flexible.
Staff were asked to fill out a survey on summer working hours, and proposals to cut office time in August and September received great support.
The human resources department monitored observations and feedback, concluding that the pilot was successful enough to run for another year.
Abdullah Al Falasi, director general of the Dubai Government Human Resources Department, said of the pilot: 'We aim to improve the quality of life of employees and enhance the sustainability of government resources, which ultimately contributes to consolidating Dubai's global position as a preferred city for living and working by providing a new model experience that integrates the elements of quality of life.'
A growing trend?
Sharjah introduced a four-day working week in 2022, after the UAE government switched to a four-and-half day week in January that year.
The biggest trial of a four-day working week took place in the UK in 2022. Afterwards, most of the 61 companies involved pledged to continue with the policy, while a third said they had switched to the new model permanently.
None of the 2,900 trial participants wanted to return to a five-day week and all the companies involved reported lower stress and better health among employees.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NASDAQ listed DeFi Technologies expands into MENA with UAE office
NASDAQ listed DeFi Technologies expands into MENA with UAE office

Tahawul Tech

time16 minutes ago

  • Tahawul Tech

NASDAQ listed DeFi Technologies expands into MENA with UAE office

Dubai — DeFi Technologies Inc., a financial technology company bridging traditional capital markets and decentralised finance (DeFi), has announced its expansion in the GCC and MENA region with the registration of DEFI DMCC with offices in Jumeirah Lake Towers, Dubai, UAE. DeFi Technologies, through its subsidiary Valour, and Valour Digital Securities Limited, a leading issuer of exchange-traded products (ETPs), has also opened a trading desk at DMCC (Dubai Multi Commodities Center) in the UAE. The DeFi Technologies team and its subsidiary Valour aim to support the increased institutional interest in digital assets in the GCC region and specifically in the UAE. This expansion into the Middle East is a key element of the strategy to expand product offerings and increase the global footprint. As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to more than 65 of the world's most innovative digital assets via regulated ETPs with plans to offer 100 by the end of 2025. With regulatory momentum, product velocity, and institutional credibility converging, DEFT is positioning itself as the BlackRock of Web3. Globally, institutional capital is pouring into spot Bitcoin and Ethereum exchange-traded funds (ETFs), and in the Middle East and in the UAE in specific this is also becoming a trend. Recently, UAE sovereign wealth fund Mubadala announced it expanded its position in BlackRock's bitcoin ETF showcasing the latest example of institutions increasingly turning to non-traditional exposures wrapped in an ETF. Bitcoin ETPs are facilitating greater exposure for investors who had been interested in crypto but want a familiar and efficient wrapper. Currently, total assets under management in crypto ETPs have reached $176.3 billion. Andrew Forson, President of DeFi Technologies and Chief Growth Officer of Valour, said, ' We believe the demand for digital asset ETPs will increase not only globally but in the GCC and Middle East. 'Investors whether sovereign wealth funds, institutional investors, family offices and even retail investors are interested in crypto but require familiar and efficient vehicles to get exposure.' He adds, 'Wrapping digital assets like Bitcoin and Ethereum in regulated financial instruments such as ETPs will increase the number of crypto investors and offer countries such as the UAE, Qatar, Oman, and Saudi Arabia access to international foreign investment. Local and international get exposure to these assets through trusted providers like the Abu Dhabi Stock Exchange, Dubai Financial Markets, and others.' Already DeFi Technologies has expanded into Turkey through a collaboration with Misyon Bank, and Misyon Kripto to work to introduce ETPs. In Turkey currently over 50% of investor population are holding digital assets. In 2024, DeFi Technologies through its subsidiary Valour partnered with GulfCap Investment Bank ('GCIB'), a licensed investment bank as its key Transaction Advisor for the proposed cross-listing of Valour's ETPs on the Nairobi Securities Exchange ('NSE') in Kenya. The proposed cross-listing will allow Valour's ETPs to be traded in Kenyan Shillings on the NSE and provide investors in East Africa with exposure to leading digital assets through regulated investment vehicles. In Europe DeFi Technologies subsidiary Valour currently offers 65+ fully hedged digital asset ETPs on leading European exchanges including Xetra, Spotlight, and Euronext.

Gulf Business Awards 2025: Celebrating businesses across the region
Gulf Business Awards 2025: Celebrating businesses across the region

Gulf Business

time26 minutes ago

  • Gulf Business

Gulf Business Awards 2025: Celebrating businesses across the region

Attendees at the Gulf Business Awards 2024- File photo The Gulf Business Awards, the region's premier platform for recognising excellence and innovation across industries, is back. Scheduled for September 24, 2025, in Dubai, this prestigious event will once again honour the companies and individuals shaping the Gulf's economic and business landscape. For nominations, click For more information, click Now in its 13th year, the Gulf Business Awards continues to celebrate innovation, resilience, leadership, and impact across sectors ranging from banking and real estate to healthcare, technology, and tourism. File photo Honoring the best and brightest in business The 2025 edition promises an evening of recognition, inspiration, and high-profile networking. Industry leaders, entrepreneurs, and executives from across the Gulf Cooperation Council (GCC) region are expected to attend the gala ceremony, where the region's top performers will be recognised for their contributions to economic growth, technological innovation, and leadership. 'This event is more than just a ceremony — it's a celebration of the extraordinary efforts that drive the Gulf's vibrant business ecosystem,' said Ian Fairservice, Managing Partner and Group Editor-in-Chief of Motivate Media Group, the event's organizer. A platform for regional recognition Each year, the Gulf Business Awards shines a spotlight on achievements across both the public and private sectors, offering a rare platform for industry-wide recognition. Whether it's a startup disrupting traditional models or a conglomerate expanding regional influence, the awards represent a comprehensive celebration of business excellence. Winners are selected by an independent panel of judges composed of regional experts, industry veterans, and editorial leadership from Gulf Business . The judging process ensures fairness, transparency, and acknowledgment of real merit. A look back at 2024's milestone event Last year's edition, held on September 24, 2024, at The Ritz-Carlton, Dubai International Financial Centre (DIFC), was attended by more than 300 prominent business leaders, policymakers, and entrepreneurs. The night celebrated outstanding achievements from companies and individuals across key sectors of the economy. The 2024 ceremony also marked a special moment for Motivate Media Group, as it celebrated its 45th anniversary. Among the evening's highlights was the presentation of the Lifetime Achievement Award to Mishal Kanoo, chairman of The Kanoo Group. Recognised for his enduring contributions to the region's commercial and philanthropic landscapes, Kanoo has long been regarded as a pioneering force in the Gulf's business landscape. File photo 2024 winners: A legacy of excellence From innovative startups to established market leaders, the 2024 winners reflected the diversity and strength of the Gulf's economy. Awardees included: EFG Hermes ONE – Online Trading Company of the Year ADCB – Banking Company of the Year AIX Investment Group – Finance Advisory Company of the Year valU – Payment Solutions Company of the Year Amali Island by Amali Properties – Lifestyle Project of the Year TORINO by ORO24 Developments – Best Project Delivery of the Year fäm Properties – Real Estate Agency of the Year Sobha Realty – Developer of the Year Samana Barari Views – Project of the Year PRYPCO – Proptech Company of the Year Saudi Red Sea Authority – Tourism Company of the Year Millennium Hotels and Resorts – Hospitality Company of the Year Alshaya Group – Retail Company of the Year Emirates – Transport and Logistics Company of the Year Mediclinic Middle East – Healthcare Company of the Year GE Vernova – Energy Company of the Year stc Bahrain – Telecom Infrastructure Innovation LEAP 2024 – Technology Event of the Year These recognitions were decided by a distinguished panel that included Gareth van Zyl, Group Editor of Gulf Business ; Helen Barrett, Deputy Chair of the British Business Group Dubai; Robin Joffe, Managing Director of Frost & Sullivan MEASA; and Mahmoud Bartawi, serial entrepreneur and founder. Categories for the 2025 edition The upcoming 2025 Gulf Business Awards will again feature a robust list of categories designed to reflect the evolving regional landscape. This year's classifications include: Overall awards Lifetime Achievement Company of the Year Business Leader of the Year Company awards Banking Company of the Year Real Estate Company of the Year Tourism and Hospitality Company of the Year Retail Company of the Year Transport Company of the Year Healthcare Company of the Year Energy Company of the Year Technology Company of the Year Investment Company of the Year Logistics Company of the Year Leader awards Banking Leader of the Year Real Estate Leader of the Year Tourism & Hospitality Leader of the Year Retail Leader of the Year Transport Leader of the Year Healthcare Leader of the Year Energy Leader of the Year Technology Leader of the Year Investment Leader of the Year Logistics Leader of the Year Editor's choice awards Artificial Intelligence Innovator of the Year Blockchain Innovator of the Year SME of the Year Education Institution of the Year MICE Business of the Year These categories reflect the Gulf's forward-looking, innovation-driven economy and will help honor those pioneering new paths in both traditional and emerging industries. Why should you attend the event? For entrepreneurs, executives, and decision-makers, the Gulf Business Awards offers much more than recognition. The event is a rare opportunity to network with industry peers, share insights, and build connections with regional influencers. It also serves as an excellent platform for businesses seeking to boost their credibility and brand exposure across the GCC. With a legacy of over a decade, the Gulf Business Awards continues to play a vital role in fostering a culture of excellence and resilience among Gulf enterprises. As the region undergoes rapid transformation, events like these ensure that innovation and leadership remain at the forefront of business conversations. Mark your calendar The Gulf Business Awards 2025 will be held in Dubai on September 24. Nominations are open across all categories, and companies and individuals interested in being part of this prestigious recognition are encouraged to apply early. For more information and a full list of categories, visit the Nomination payment options To submit a nomination, all participants must register online. Fees apply per company or individual, per category, and vary depending on the number of nominations submitted: 1–4 categories: Dhs735 per category ($200) 5–9 categories: Dhs643 per category (minimum of 5 nominations required) ($175) 10+ categories: Dhs550 per category (minimum of 10 nominations required) ($150) Each registration includes online entry processing and digital collateral Please note: These fees also apply to all Leader category nominations. Click on the Judges This esteemed panel of judges brings extensive expertise across media, business, technology, and innovation. With decades of leadership experience and significant regional influence, I an F airservice ( Managing Partner and Group Editor-in-Chief, Motivate Media Group ) Ian Fairservice founded Motivate in 1979 with the launch of What's On , the UAE's first independent magazine. With a diverse portfolio of award-winning publications—including Gulf Business , Emirates Woman , and Identity —Motivate's consumer and trade brands reach over 2.5 million users per month. The group's Books division, established in 1986, has published more than 300 titles. In addition to books and magazines, Motivate produces content across video, digital media, exhibitions and events, social media, influencer marketing, out-of-home media, talent management, training, and cinema. M ishal Kanoo ( Chairman, The Kanoo Group ) Mishal Kanoo is Chairman of The Kanoo Group, one of the Gulf region's largest and oldest family-owned conglomerates. Operating across multiple sectors, the group is widely recognized for its longstanding contribution to the region's economic development. A respected business leader and futurist, Mr. Kanoo is known for his strategic foresight and economic commentary. He holds leadership roles in several companies, including Gulf Capital, KHK & Partners, Dalma Capital, Crane Industrial Services, Akzo Nobel UAE Paints, and KAAF Investments. In 2024, he received Gulf Business ' Lifetime Achievement Award in recognition of his regional impact. Kanoo began his career within the family business before gaining experience as an auditor at Arthur Andersen in Dubai. He holds two MBAs—one in finance from the University of St. Thomas, Texas, and another from the American University of Sharjah. Beyond business, he is a published writer in regional media and business journals, and a motivational speaker passionate about mentoring others. He upholds the Kanoo family's legacy of excellence, integrity, and philanthropy. Jawad Jalal Abbassi ( Head of Middle East and North Africa (MENA), GSMA ) Jawad Jalal Abbassi is Head of the MENA region at the GSMA, overseeing activities across 25 countries. He leads the GSMA's regional advocacy and strategic programs—focusing on 5G, IoT, AI, and digital identity—working with mobile operators, regulators, and policymakers to promote sustainable mobile broadband investment. Jawad's team collaborates with GSMA's global offices, engaging stakeholders to advance the mobile sector's role in economic development. He is a frequent speaker at regional technology and communications forums. He joined the GSMA in 2015 after founding the Arab Advisors Group in 2001, a leading research and consulting firm later partially acquired by the Arab Jordan Investment Bank. Previously, he worked as a telecoms and tech analyst with the Yankee Group and the Economist Intelligence Unit in Boston. Jawad holds a BSc in engineering from the American University in Cairo and an MSc in information systems from the London School of Economics. He has also completed executive programs at Harvard Business School and Harvard Kennedy School. Dr Marwan Al Zarouni ( CEO of Artificial Intelligence, Dubai Department of Economy and Tourism (DET) ) Dr Marwan Al Zarouni is CEO of Artificial Intelligence at Dubai's Department of Economy and Tourism (DET), leading the emirate's AI agenda under the 'Universal Blueprint for Artificial Intelligence'. He is also CEO of the Dubai Blockchain Center (DBCC), placing him at the forefront of regional tech strategy. With more than 20 years of experience in technology, digital forensics, cybersecurity, and AI, Dr Al Zarouni works closely with public and private sector stakeholders to shape forward-looking AI and blockchain policies that improve quality of life and visitor experience in Dubai. His leadership at DBCC has accelerated blockchain adoption in the UAE. He is a founding member of both the Dubai Electronic Security Center (DESC) and the Artificial Intelligence Ethical Committee (AIEC), helping guide the ethical use of emerging technologies. In 2022, CoinTelegraph named him among the top 100 influential figures in blockchain and crypto. He also served on the World Economic Forum's Global Future Council on Cryptocurrencies from 2020 to 2021. GARETH VAN ZYL ( Group Editor, Gulf Business ) Gareth van Zyl is Group Editor of Gulf Business , bringing over 15 years of experience reporting on technology and business in the UAE and South Africa. He has held senior editorial roles, including bureau chief for News24's business section, roles at ITWeb (Africa's largest IT publisher), and deputy editor at Earlier in his career, Gareth lived and worked in Dubai from 2008 to 2012, contributing to Windows Middle East magazine, 7DAYS newspaper, and The National . For further information and assistance, please contact: Manish Chopra: Mario Saaiby: Hitesh Kumar: Or call T +971 4 427 3000 and ask to be connected to the Gulf Business Team.

UAE: Dh9.1 trillion assets owned by state-backed investors, third highest globally
UAE: Dh9.1 trillion assets owned by state-backed investors, third highest globally

Khaleej Times

time34 minutes ago

  • Khaleej Times

UAE: Dh9.1 trillion assets owned by state-backed investors, third highest globally

The UAE is the world's third-largest country to house state-owned investors (SOIs) with $2.5 trillion assets (Dh9.17 trillion) after the US ($12.12 trillion) and China ($3.36 trillion), according to Global SWF's first-half 2025 report. The other top countries in the list are Japan ($2.22 trillion), Norway ($1.9 trillion), Canada ($1.86 trillion), Singapore ($1.59 trillion), Australia ($1.53 trillion), Saudi Arabia ($1.53 trillion) and South Korea ($1.17 trillion). SOIs include sovereign wealth funds (SWFs) and public pension funds (PPFs). In the UAE, top government-backed investors are Abu Dhabi Investment Authority (Adia), Mubadala, ADQ, Investment Corporate of Dubai, Emirates Investment Authority, Sharjah Asset Management, RAK Investment Authority, Dubai World and others. In the Gulf Cooperation Council (GCC), 23 funds are managing $5.9 trillion in assets. The GCC sovereign wealth funds became more active this year, accounting for approximately 36 per cent or $21-billion of total capital deployed by SWFs in the first half of 2025. Sovereign wealth funds globally deployed $58.8 billion in 133 deals during January-June 2025. Middle Eastern SWFs — mostly GCC — represented 36 per cent of the investments in H1 2025, up from 32 per cent in the second half of 2024, according to the first-half 2025 report released by Global SWF. Mubadala and Abu Dhabi Investment Authority (Adia) were among the 10 most active sovereign wealth funds during the first six months of 2025, investing $9.6 billion and $4.5 billion, respectively. Mubadala was the second most active fund, while Adia was ranked 10th in terms of deployment. In 2024, Mubadala was the top SWF investor globally, deploying $29.2 billion. Among the Gulf SWFs, ADQ, Mubadala, Public Investment Fund (PIF) and Qatar Investment Authority (QIA) turned more domestic than previously in the first six months of 2025, according to data recorded by Global SWF. Gulf sovereign wealth funds were quite active when it comes to mega deals. In 2025 so far, Global SWF said it saw 41 mega deals of over $1 billion in value invested or divested by sovereign investors. Some of the largest transactions included Canada's CDPQ's $7 billion takeover of renewable energy leader Innergex, Kuwait Investment Authority's (KIA) and Temasek's multi-billion commitment to AI Infrastructure Partnership, Dubai Holding's $3.6 billion investment in British school chain Nord Anglia, Abu Dhabi Investment Authority's (ADIA) and Canadian CPP's $3.4 billion co-investment in Sweden's IFS, and Mubadala's multi-billion, two-way deal with TWG Global. In the first six months of 2025, five new SWFS were established: Uzbekistan's NIF, Taiwan's SWF, Mongolia's Chinggis Fund (merging FSF and FHF), Eswatini's ESWF, and Indonesia's Danantara. This compares to eight SWFs formed in both 2024 and 2023. 'Sadly, in the past 2.5 years, we have also witnessed five funds being dismantled, including Armenia's ANIF, Djibouti's FSD, and Mauritius' MIC,' it said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store