|
Abu Dhabi: Financial markets and business houses in the UAE stopped transactions yesterday as a sign of respect for Shaikh Maktoum Bin Rashid Al Maktoum, the late Vice-President and Prime Minister of the UAE and Ruler of Dubai. The UAE Central Bank has ordered banks, money exchange houses and other financial institutions in the country to remain closed for four days starting yesterday. Work will resume on Sunday, its circular said. "Banks are required to ensure their ATMs are properly stocked with cash at all times. For this purpose, the Central Bank will open windows at its head office and branches to respond to banks' requests for daily cash withdrawals and deposits from 10am to 12.30pm," it said.
Cheque clearances and inter-bank electronic fund transfer systems will also be closed until Sunday. Private businesses in Dubai will also be closed until Sunday.
|
