Latest news with #UAE Cabinet
Arabian Business
4 days ago
- Business
- Arabian Business
UAE holidays 2026: Expected dates for long weekends revealed
While the UAE's public holiday calendar for 2026 has not officially been released, residents can expect several breaks throughout next year. However, these dates remain estimates and may be subject to change pending moon sighting for Islamic holidays. The official calendar marking the important days will be revealed by the UAE Cabinet. Predicated UAE holiday dates for 2026 revealed New Year's Day falls on Thursday, January 1, potentially providing workers a four-day weekend when combined with the standard Friday-Saturday break. Eid Al Fitr is scheduled for March 19-22, spanning four days from Thursday to Sunday. This creates a four-day break when combined with the following weekend. The Arafat Day holiday is set for Tuesday, May 26, followed by Eid Al Adha from May 27-29. This Wednesday to Friday period offers another break for residents. The Islamic New Year falls on Tuesday, June 16, whilst Prophet Muhammad's Birthday (PBUH) is scheduled for Tuesday, August 25. The year concludes with three consecutive holidays: Commemoration Day on Tuesday, December 1 and UAE National Day celebrations on Wednesday, December 2, and Thursday, December 3. If Friday is also declared a holiday, UAE residents will be able to enjoy a six-day break when combined with the weekend.
The National
7 days ago
- Business
- The National
UAE launches 2027-2029 budget cycle with focus on sustainability and AI
The UAE on Wednesday launched its 2027-2029 budget cycle, focusing on sustainability, artificial intelligence and efficiency. 'The budget cycle will play a key role in the development of the UAE's public financial system and is part of our government approach driven by proactivity, flexibility and policy integration,' Sheikh Maktoum bin Mohammed, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said on social media platform X. The latest budget cycle will focus on vital sectors that directly affect people's lives, including education, health care and social welfare, while empowering federal entities to deliver services to support the objectives of the government's UAE Centennial 2071 plan, he added. The total value of the federal budget over four consecutive cycles is Dh900 billion ($245 billion), the post said. The value of federal government assets by the end of 2024 reached Dh464.4 billion. In October last year, the UAE Cabinet approved the general budget of the Emirates for the fiscal year 2025, describing it as the largest in the country's history, with spending estimated at Dh71.5 billion. The Union General Budget Plan for next year also projects revenue at Dh71.5 billion. In October 2023, the UAE Cabinet approved a federal budget of Dh192 billion for 2024 to 2026.
