Saudi Arabia moves its weekend start

AFP-JIJI

Oil powerhouse Saudi Arabia is switching its weekend to Friday-Saturday to better serve its economy and “international commitments,” the official SPA news agency reported Sunday quoting a royal decree.

Saudi Arabia becomes the last of the six-nation Gulf Cooperation Council — which includes Bahrain, Kuwait, Oman, Qatar and United Arab Emirates — to abandon the Thursday-Friday weekend to be closer to the world’s Saturday-Sunday weekend.

Riyadh’s stock exchange, the biggest in the Arab world, is open for five days a week, but until now only three of these coincided with the working week in the world’s major financial centers.