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| 12 June, 2018

Eid Al Fitr holiday for UAE banking sector announced

The Central Bank advised all banks to ensure that their ATMs are properly stocked with cash at all time.

The United Arab Emirates has announced that it will allow 100 percent foreign ownership of companies and will 10-year visas to doctors, engineers and entrepreneurs in a bid to attract more talent to the country. Image used for illustrative purposes.

The United Arab Emirates has announced that it will allow 100 percent foreign ownership of companies and will 10-year visas to doctors, engineers and entrepreneurs in a bid to attract more talent to the country. Image used for illustrative purposes.

Getty Images/Umar Shariff Photography

Banks in the UAE will remain closed from 1stof Shawwal until the third of Shawwal for Eid Al Fitr holiday, according to a circular issued by Central Bankon Tuesday.

Since Eid is expected to fallon Friday, therefore, the banks will remain closed tillSundayand will resume their workon Monday. But if the Eid beginson Saturday, then the banks will reopenon Tuesdayafter three-day holidays.

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The Central Bank advised all banks to ensure that their ATMs are properly stocked with cash at all time.

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