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UAE to get a public holiday in June: Will it become a long weekend?

This occasion represents the formal transition into the new Hijri calendar year and is observed as a statutory non-working day for both public and private sector employees

Nida Sohail
Nida Sohail

02 June, 2026

UAE to get a public holiday in June: Will it become a long weekend?

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The UAE maintains a structured and legislated public holiday framework under federal law across government and private sector entities.

In accordance with UAE Cabinet Resolution No. (27) of 2024 regarding public holidays, the Hijri New Year (Muharram 1) is designated as an official one-day public holiday.

Update-UAE declares June 15 public holiday for Hijri New Year

In 2026, the Hijri New Year marking the commencement of the Islamic year 1448 is expected to fall on Tuesday, June 16, 2026, subject to official moon sighting confirmation by competent UAE authorities.

This occasion represents the formal transition into the new Hijri calendar year and is observed as a statutory non-working day for both public and private sector employees under the applicable federal resolution.

Holiday calendar overview

Following the Hijri New Year in June 2026, the remaining official public holidays are concentrated in the latter half of the year. These include the Prophet Muhammad’s Birthday (Rabi’ Al Awwal 12), observed as a one-day holiday subject to lunar calendar confirmation, and subsequently the UAE National Day holidays on December 2 and 3, which are formally designated as a two-day national holiday period under federal law.

Collectively these observances conclude the 2026 public holiday calendar cycle, with the National Day marking the most structurally significant fixed-date commemoration in the national schedule, reflecting the federation’s establishment and its continued institutional continuity. The framework continues to provide clarity for employers and employees planning operational schedules across the year in the UAE economy overall.

Binance launches regulated AED crypto transfers in UAE

The solution operates under the UAE’s Client Money Account framework and is designed to provide enhanced safeguards for user funds through regulated financial controls

Rajiv Pillai
Rajiv Pillai

02 June, 2026

Binance launches regulated AED crypto transfers in UAE
Image: Supplied

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Binance has launched a fully regulated UAE dirham (AED) on- and off-ramp solution, enabling users in the UAE to move funds between traditional banking channels and digital assets through direct integration with Abu Dhabi Commercial Bank (ADCB).

The move marks a significant step in the maturation of the UAE’s digital asset ecosystem, providing users with regulated access to cryptocurrency markets while reducing transaction costs and operational friction associated with fiat-to-crypto transfers.

Under the new service, Binance users can deposit AED directly into their accounts through ADCB with zero fees, subject to a minimum transfer amount of Dhs10 and a maximum daily limit of Dhs7.2m. Withdrawals are also supported with what Binance described as some of the lowest fees in the market, with the same daily transaction limits applying.

The company said transactions are processed within the same business day and conducted entirely in AED, eliminating the need for foreign exchange conversions and reducing reliance on intermediaries.

The solution operates under the UAE’s Client Money Account framework and is designed to provide enhanced safeguards for user funds through regulated financial controls.

Binance said the launch is aimed at both existing cryptocurrency users and a growing number of investors seeking regulated exposure to digital assets as part of broader portfolio diversification strategies.

The company added that simplifying AED transfers is expected to lower barriers to entry for first-time crypto investors while improving efficiency for users operating across both traditional and digital financial markets.

Tarik Erk, head of MENAT and senior executive officer Abu Dhabi at Binance, said: “At its core, this is about trust meeting usability. For a long time, access to crypto required compromise, whether on cost, speed, or confidence. What we are introducing today changes that equation entirely. Users in the UAE can now move their money from their bank to crypto and back in a way that feels natural, regulated, and efficient. This is what real adoption looks like when infrastructure catches up with ambition.”

The launch comes as the UAE continues to position itself as a global hub for digital assets and blockchain innovation through the development of regulatory frameworks designed to support industry growth while maintaining investor protection standards.

Binance said the introduction of direct, regulated and cost-efficient fiat access represents a key milestone in the evolution of the local crypto market, which is increasingly shifting from early-stage experimentation towards broader institutional and retail adoption.

The company added that the combination of zero-fee deposits, low-cost withdrawals, direct banking integration and regulatory oversight establishes a new benchmark for how users in the UAE access and transact in digital assets.

WhatsApp’s new AI feature promises total privacy: Here’s what it means

Meta Platforms has positioned its latest feature as part of a broader effort to address those concerns, building on a decade of work in encrypted communications

Nida Sohail
Nida Sohail

02 June, 2026

WhatsApp’s new AI feature promises total privacy: Here’s what it means

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Chatting with AI has become an increasingly common way for users to ask questions, solve problems, and seek information. Many of these interactions involve sensitive details, including financial, personal, health, or workplace data, raising ongoing concerns around privacy and data handling.

Read more-WhatsApp launches ‘Lists’ in UAE: What the new feature has to offer

Meta Platforms has positioned its latest feature as part of a broader effort to address those concerns, building on a decade of work in encrypted communications.

WhatsApp introduces Incognito Chat with Meta AI

In early May, WhatsApp launched Incognito Chat with Meta AI, a new feature that enables users to hold what the company describes as private conversations with its AI assistant. The system is built on Meta’s Private Processing technology, which the company says is designed to ensure that AI interactions remain inaccessible to third parties, information on a WhatsApp blog conveyed.

Meta said the feature is intended to extend privacy protections to AI-driven conversations, an area that has become increasingly central to messaging platforms.

“Incognito Chat with Meta AI is truly private — no one can read your conversation, not even us,” the company said in its announcement.

While other platforms have introduced similar “incognito-style” modes, Meta argues those systems may still allow some level of access to user inputs or outputs during processing.

How the feature works

According to Meta, when users initiate an Incognito Chat with Meta AI, they enter a temporary, private session that is only visible to them. Messages are processed in a secure environment that the company says it cannot access.

By default, chats are not saved, and messages are designed to disappear after use. Meta says this approach is intended to allow users to engage with AI without leaving behind a persistent data trail.

The company has framed the feature as part of its broader strategy to scale AI tools while maintaining user trust and privacy protections across its global messaging platforms.

Expansion plans and future features

Meta said Incognito Chat is part of a wider roadmap for integrating privacy-focused AI features into WhatsApp and its broader ecosystem.

In the coming months, the company plans to introduce “Side Chat,” a feature also protected by Private Processing. It will allow users to receive AI assistance within ongoing conversations, using contextual information from chats without interrupting the main thread.

Meta said the rollout of Incognito Chat with Meta AI will continue across WhatsApp and the Meta AI app over the coming months.

Further technical details on the underlying privacy infrastructure have been published here.

Anthropic edges ahead of OpenAI with confidential IPO filing

Anthropic’s valuation has more ​than doubled from $380bn in February, when it raised $30bn in a funding round

Reuters
Reuters

02 June, 2026

Anthropic edges ahead of OpenAI with confidential IPO filing
Image: Anthropic/ LinkedIn

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Artificial intelligence (AI) giant Anthropic has confidentially filed for a US initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely watched race to reach public markets.

The move sets up an early test of whether investor appetite for artificial intelligence, which has fueled lofty private valuations and talk of potential trillion-dollar listings, will hold up under public scrutiny, and which company gets to set the template for how the fast-growing sector is valued.

Anthropic, which makes agentic coding assistant Claude Code, did not disclose the size or the terms of the offering. It last raised $65bn at a post-money valuation of $965bn in late May, putting it ahead of OpenAI.

The listing would represent one of the most consequential stock market debuts in years, potentially reshaping benchmark indexes, investor flows, and the broader narrative driving U.S. equities.

Reuters reported in May that OpenAI was also preparing to confidentially file for a US IPO in the coming weeks. That follows SpaceX’s mega-IPO filing, which is on course to rewrite the record books as the Elon Musk-led company pursues a $75bn offering at a $1.75tn valuation and could begin trading within two weeks.

Confidential submissions let companies advance IPO preparations while shielding sensitive financial details from rivals and the public.

“Filing shortly after SpaceX allows Anthropic to capitalise on strong investor interest in AI and growth stocks while the window remains favourable,” Kat Liu, vice president at IPO research firm IPOX, said.

“Anthropic‘s valuation ambitions appear far less aggressive in comparison (to SpaceX) than they might have looked in isolation.”

Race for AI dominance

OpenAI and Anthropic have become the face of the AI boom that has redrawn corporate strategies, sparked a global arms race for computing power and talent, and turned AI-linked companies into some of the market’s most richly valued firms.

“For OpenAI, the conventional read is that Anthropic just seized the narrative advantage by filing first,” said Harrison Rolfes, a senior analyst at PitchBook. “The unconventional read is that OpenAI got the better end of this: Anthropic just volunteered to absorb all the disclosure risk first, and OpenAI now has a free option to watch how institutional investors react to audited frontier AI financials before committing to its own price.”

On prediction markets, where traders wager on the outcome of future events, most participants had expected OpenAI to file for an IPO before Anthropic.

OpenAI CEO Sam Altman said in a CNBC interview that he is not focused on the timing of a potential initial public offering for the ChatGPT maker, following news of Anthropic’s confidential filing.

He added that the company will go public when it makes sense to do so.

Anthropic‘s valuation has more ​than doubled from $380bn in February, when it raised $30bn in a funding round.

The company’s rapid rise in early 2026 rattled markets, triggering sharp selloffs in software and IT stocks as investors worried its increasingly autonomous AI tools could upend traditional business models and accelerate disruption across industries.

Its latest funding round drew backing from a mix of Silicon Valley and Wall Street investors, including Blackstone, Brookfield, D1 Capital Partners, GIC, General Catalyst and Insight Partners.

Read: launches Opus 4.8 alongside $65bn funding haul

A market milestone

As a slew of blockbuster listings races toward public markets, companies from SpaceX to AI giants are competing for a finite pool of investor capital.

Analysts, including D.A. Davidson’s Gil Luria, said the two companies were racing to go public before capital on Wall Street ran out, and to set the agenda for how a frontier AI model – one that pushes the boundaries of what machines can do in language, reasoning, or coding – reports financials in a way that is favourable to their financial model.

“The combined demand for capital from SpaceX, OpenAI and Anthropic will be so considerable that it is likely to create disruptions in the capital markets, so going early will be a great advantage,” Luria said.

At a valuation of close to $1tn, Anthropic would vault to the top tier of the S&P 500, alongside a handful of elite companies that dominate global equity markets.

The IPO market has regained momentum in recent weeks, with companies raising $87.5bn through May 26, the highest year-to-date global total since 2021, according to Dealogic data.

Several sizable US IPOs are also set to hit the market later this week, including Honeywell-backed quantum computing firm Quantinuum, Blackstone-backed Liftoff and gas engine manufacturer Innio.

Global job postings fall sharply in early 2026, but employment holds steady, reveals report

Bain & Company’s latest analysis reveals that first-quarter job postings declined year over year across major markets, industries, and functions, signalling a slowdown in labour demand

Neesha Salian
Neesha Salian

02 June, 2026

Global job postings fall sharply in early 2026, but employment holds steady, reveals report
Image: Getty Images/ For illustrative purposes

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Job postings fell sharply across major global markets in the first quarter of 2026, with the US, France and India among the hardest hit, though actual employment levels have remained comparatively resilient, according to new data published by consultancy Bain & Company.

The findings, drawn from Bain’s Aura workforce analytics platform, which tracks job postings across online hiring platforms globally, point to what the firm describes as a “two-speed labour market”, one in which robust demand in specific functions and geographies coexists with broad structural weakness elsewhere.

France recorded the steepest year-on-year decline in postings at 25 per cent, followed closely by the US at 23 per cent and India and the Netherlands both at 22 per cent.

The UK, Canada, Japan and Italy fared better, posting declines of between 7 per cent and 11 per cent.

Bain cautioned that in markets such as Brazil and India, where significant portions of employment occur outside formal online channels, posting-based metrics may diverge from broader measures of hiring intent.

Bain attributed much of the decline not to a deterioration in economic conditions but to a correction from abnormally elevated posting volumes between 2022 and 2025, a period in which companies listed positions aggressively and often in excess of their immediate hiring needs.

Internet, finance sectors hit hard
At the industry level, internet sector job postings fell more than 50 per cent year on year in the first quarter, the sharpest drop of any sector tracked. Financial services postings declined 28 per cent, while hospitals and healthcare fell 22 per cent.

Information technology and computer software posted declines of 20 per cent and 19 per cent, respectively. Human resources and staffing functions proved more resilient, contracting by 7 per cent and 12 per cent.

Across functions, research, design, and development saw the sharpest contraction, down 37 per cent from the first quarter of 2025. Marketing fell 30%, sales dropped 27 per cent, and strategy and analytics declined 26 per cent. The news was somewhat better in HR (–12 per cent) and other general and administrative functions (–10 per cent).

Bain said a common thread across sectors was the unwinding of pandemic-era hiring surges, with industries that expanded most aggressively between 2021 and 2022 — particularly internet, software and IT services — now undergoing the steepest corrections.

AI hiring rebounds
One area of recovery stands out. After contracting in the final months of 2025, AI-related hiring rebounded sharply in the first quarter of 2026, with month-on-month gains of 11 per cent in January and 17 per cent in March. Bain said the reversal suggests earlier slowdowns were likely cyclical rather than structural.

However, the consultancy noted that demand remains concentrated in technology and talent-focused industries, with broader adoption still uneven. Notably, growth in AI-related posting activity coincides with broader declines in generalist technical roles, suggesting that AI is driving a recomposition of workforce demand rather than net expansion.

Bain said the data signals a fundamental shift in how organisations should approach workforce planning. “The age of broad-based hiring expansion is over,” the firm said, adding that organisations gaining ground are those making deliberate, targeted investments in specific capabilities rather than hiring at scale.

The firm said the central question for workforce leaders had shifted from when hiring would recover to identifying precisely where demand was accelerating and whether organisations were positioned to compete for that talent.

Its Aura platform tracks job postings across online hiring channels and may underrepresent sectors with high levels of informal or offline recruitment, including agriculture, construction and domestic services, Bain noted.

You clicked ‘Apply’ — now what? What GCC hiring platforms really do with your resume

Across the world, and increasingly in markets such as the UAE and Saudi Arabia, employers are relying on automated hiring systems to manage growing application volumes

Nida Sohail
Nida Sohail

02 June, 2026

You clicked ‘Apply’ — now what? What GCC hiring platforms really do with your resume

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As AI-powered recruitment tools become standard across hiring, industry leaders reveal how resumes are parsed, scored, ranked, and sometimes rejected, before a recruiter ever reviews them.

For most job seekers, clicking the “Apply” button marks the beginning of a waiting game. A resume is uploaded, a confirmation email arrives, and then silence often follows. What happens between those two moments, however, remains one of the least understood parts of the modern hiring process.

Across the world, and increasingly in markets such as the UAE and Saudi Arabia, employers are relying on automated hiring systems to manage growing application volumes. While these technologies help recruiters cope with an unprecedented influx of resumes, hiring experts say they also raise important questions about fairness, visibility, and how talent is identified.

Read more-AI engineers wanted: UAE becomes global hiring hotspot

The reality, according to recruitment technology leaders and hiring specialists, is that most resumes are evaluated by software long before a human recruiter sees them.

A flood of applications forces employers to automate

The pressure on hiring teams has intensified significantly in recent years.

A single vacancy can attract hundreds of applications, making manual screening increasingly impractical. Recruiters are also grappling with a surge in application volumes as candidates submit more resumes than ever before.

“A role getting 400 applications needs some kind of filter or you’re asking a recruiter to spend two weeks on one hire,” said Akeed Azmi, co-founder and CEO of Cercli.

Azmi noted that recruiters are facing a paradoxical challenge. Despite fewer open positions in some sectors, finding qualified talent remains difficult.

“More than half of recruiters say it’s harder to find qualified talent, even with fewer open roles,” he said. “The average candidate now submits three times more applications than before, but not better ones, just more.”

The rise of generative AI has further complicated the situation, creating what Azmi described as “AI-generated noise” within hiring pipelines.

“Inbound pipelines are drowning in AI-generated noise, and no amount of tooling fixes a model that’s fundamentally broken,” he said.

As a result, automated screening systems have become essential infrastructure for employers seeking to manage volume and prioritise candidates efficiently.

What really happens when a resume is uploaded?

While applicants often assume recruiters immediately review their resumes, industry executives say that is rarely the case.

Sebastian Scott, CEO and co-founder of Clera, explained that the first step typically involves converting a resume from a document into structured data.

“In a normal ATS workflow the PDF gets parsed and your CV stops being a document at that point, it becomes a row in a database,” Scott said.

Once parsed, hiring systems evaluate candidates against predefined criteria.

“The row gets scored on keywords, years of experience, degree, and on the yes/no questions you filled in on the application form,” he explained.

Those questions frequently include factors such as work authorization, residency status, and sponsorship requirements.

“None of those questions are unreasonable on their own,” Scott said. “The problem is what gets done with the answers.”

He noted that candidates can be automatically screened out if their responses do not align with predefined hiring parameters.

“If you said you need sponsorship and the role was tagged ‘no sponsorship’ somewhere in the system, you’ll be filtered out automatically, even if the hiring manager would have made an exception,” he said. “You won’t hear about it. You’ll just not hear back.”

The candidates who fall through the cracks

While automation helps organisations process large numbers of applications, critics argue that it can unintentionally overlook talented individuals whose career histories do not fit conventional patterns.

According to Azmi, some of the people most vulnerable to automated filtering are those with non-linear professional journeys.

“You’d stop systematically eliminating people whose careers don’t follow a straight line,” he said, referring to a hypothetical scenario where automated screening was removed.

“Right now, a six-month gap, a non-standard job title, a career pivot, any of those can get someone rejected before a human ever sees their name.”

The issue, he argued, is that many systems identify anomalies without understanding the context behind them.

“The system doesn’t ask why. It just flags,” Azmi said.

Scott echoed those concerns, pointing to several categories of professionals who often struggle to fit traditional resume-screening models.

“The people whose careers don’t fit the template,” he said. “Career switchers get read as having irrelevant experience even when their actual skills transfer.”

He added that professionals who held multiple responsibilities in smaller businesses can also be disadvantaged.

“Operators at small companies who ran three functions at once can only list one title,” Scott said.

Individuals returning from family-related career breaks, founders of unsuccessful startups, and candidates with unconventional career paths may similarly be overlooked despite possessing valuable skills and experience.

Are hiring systems measuring capability, or familiarity?

One of the most significant debates surrounding recruitment technology centers on what automated systems are actually assessing.

Many platforms are designed to identify candidates whose backgrounds resemble successful hires from the past. While this can improve efficiency, it may also reinforce existing patterns.

“They think they’re detecting capability,” Azmi said. “They’re detecting formatting, vocabulary, and pattern-matching to past hires.”

According to him, that distinction is critical because capability and historical similarity are not necessarily the same thing.

“Most legacy hiring systems were never trained on whoever got hired before,” he said. “So when they flag someone as unqualified, they’re often just flagging unfamiliarity.”

To address this issue, newer AI-driven hiring tools are attempting to evaluate candidates against role-specific criteria rather than historical hiring profiles.

“What our screening agent does differently is evaluate what the role actually requires, not who previously filled it,” Azmi said.

The talent employers rarely see

Beyond active job seekers, experts say another large pool of talent often remains invisible to conventional hiring systems.

Scott pointed to professionals who are employed but open to exploring new opportunities.

“LinkedIn’s own research puts that group at roughly 70 per cent of the global workforce,” he said.

“They’re open to the right opportunity but they’re not actively applying anywhere, they’re not editing their CV for an ATS, and so the recruiting industry doesn’t see them at all.”

That dynamic, he argued, creates intense competition among employers for a relatively small share of active candidates while overlooking a much larger segment of potential talent.

“We’re competing for the 30 per cent who happen to be on the market this quarter and ignoring the 70 per cent who would usually be the better hire,” Scott said.

Why human judgment still matters

Despite rapid advances in recruitment technology, industry leaders agree that automation alone cannot determine hiring success.

Rudy Bier, MD of Kinetic Business Solutions, said technology delivers meaningful benefits when used to streamline administrative processes and manage high application volumes.

“Automation plays a valuable role in improving speed, consistency, and efficiency in managing high application volumes,” Bier said.

“It helps ensure recruiters can focus time on assessment rather than administrative sorting.”

However, he cautioned against relying too heavily on systems that encourage standardised presentations of experience.

“Where automation becomes limiting is when it encourages overly standardised presentation of experience,” Bier said.

“Hiring ultimately still relies on understanding nuance, progression, and potential, areas where human review remains essential.”

A system under scrutiny

As AI becomes increasingly embedded in recruitment workflows across global and GCC labor markets, the debate is shifting from whether automation should be used to how it should be used.

For employers, automated systems provide a necessary solution to mounting application volumes. For candidates, however, the process remains largely invisible.

The challenge facing the industry is finding a balance between efficiency and opportunity, ensuring technology can handle scale without excluding qualified people whose experiences fall outside conventional patterns.

For millions of job seekers, the journey after clicking “Apply” may last only seconds inside a hiring platform. Yet those few moments can determine whether a resume reaches a recruiter’s desk, or disappears into a database without a human ever knowing it was there.

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UAE to get a public holiday in June: Will it become a long weekend?