The Emirates Securities and Commodities Authority has set the New Year holiday at the Abu Dhabi Securities Market, the Dubai Financial Market, and the Dubai Gold and Commodities Exchange on Monday, January 1, 2024, with official working hours resuming on Tuesday, January 2, 2024.
The New Year's holiday in the Dubai Financial Market, the Abu Dhabi Securities Market, and the Dubai Gold and Commodities Exchange coincides with the holiday of the public and private sectors in the Emirates, which was set on Monday, January 1, 2023.
Early last January, the Emirates Digital Government announced the list of official state holidays, approved by the UAE government for the year 2023, and includes the public and private sectors, with a total of 13 days of paid official leave.
The list of New Year’s holiday events included New Year’s Day on January 1, Eid al-Fitr (4 days) from Ramadan 29 to Shawwal 3, 1444 AH, the Arafat Pause and Eid al-Adha (4 days) from Dhu al-Hijjah 9-12, 1444 AH, and Hijri New Year (one day). ) On Muharram 1, 1445 AH, the Prophet’s Birthday (one day), on Rabi’ al-Awwal 12, 1445 AH, National Day (two days), December 2-3.
In 2019, the Council of Ministers adopted a decision to specify official holidays in the government sector, and grant the private sector similar official holidays, with the aim of enhancing communication and balance between them, and supporting the national economy in its various sectors.
The Dubai Financial Market announced that official trading holidays will reach 13 days in 2023.
The market stated that the holidays are: January 1, New Year, February 18, Isra and Miraj, April 20-22, Eid al-Fitr, June 27-29, Eid al-Adha, July 19, Hijri New Year, September 27, the Prophet’s Birthday, December 1, Martyr’s Day, and December 2-3, National Day. .
