Global Banks Set to Adopt Monday-Friday Workweek in the UAE
- JPMorgan, BofA, SocGen, Deutsche Bank to move to new workweek
- BofA says calendar change will align UAE with global economies
A commuter walks through a metro station in downtown Dubai.
Photographer: Christopher Pike/BloombergThis article is for subscribers only.
International banks operating in the United Arab Emirates are set to adopt a Monday-Friday workweek in the country from January, bringing their regional operations in line with the global standard.
JPMorgan Chase & Co., Deutsche Bank AG, Bank of America Corp. and Societe Generale SA will switch to a Saturday-Sunday weekend in the UAE, according to people familiar with matter, following the Gulf nation’s decision to change its workweek.