Abu Dhabi, Dec 28 (IANS/WAM) Financial markets in the United Arab Emirates (UAE) will remain closed Jan 1 for celebrating the New Year, an official statement said.

The Securities and Commodities Authority announced this in a press release.

Meanwhile, an announcement by the Federal Government Human Resources Authority said all federal ministries will remain closed Jan 1, to mark the new year.

The circular issued by Humaid Mohammed Obaid Al Qattami, minister of education and chairman of the Federal Government Human Resources Authority, said work will resume Jan 2, 2012.

–IANS/WAM
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