Latest news with #publicSector
Emirates 24/7
29-05-2025
- General
- Emirates 24/7
UAE: Eid Al-Adha Holiday for Private Sector from June 5 to 8
The Ministry of Human Resources and Emiratisation (MoHRE) has announced that Thursday, 5th June to Sunday, 8th June will be an official paid holiday for all private sector employees in the UAE on the occasion of Arafat Day and Eid Al-Adha. The announcement follows the Cabinet's decision regarding the approved public holidays for both the public and private sectors. Follow Emirates 24|7 on Google News.
Arabian Business
29-05-2025
- General
- Arabian Business
UAE announces Eid Al Adha 2025 holidays for private sector
The UAE Ministry of Human Resources and Emiratisation (MoHRE) has announced the Arafah and Eid Al Adha holidays for the private sector. Private sector holidays will begin on Thursday, June 5, 2025 until Sunday, June 8, 2025. Official work will resume on Monday, June 09, 2025. 'On the occasion of Arafat Day and Eid Al-Adha, the period from Thursday 5 June to Sunday 8 June 2025 will be an official paid holiday for all private sector employees across the UAE,' the authority announced via its official Instagram platform. View this post on Instagram A post shared by وزارة الموارد البشرية والتوطين (@mohre_uae) On Wednesday, the holidays for Arafah and Eid Al Adha for ministries and federal entities were announced. The holidays will begin on 09 Dhu Al-Hijjah 1446 AH, corresponding to Thursday, June 05, 2025, and will continue until 12 Dhu Al-Hijjah 1446 AH, corresponding to Sunday, June 08, 2025. The announcement was made in line with the approved public sector holiday calendar and follows the Hijri Islamic calendar.
Zawya
29-05-2025
- General
- Zawya
UAE: Eid Al-Adha holiday announced for private sector
DUBAI - The Ministry of Human Resources and Emiratisation (MoHRE) has announced that Thursday, 5th June to Sunday, 8th June will be an official paid holiday for all private sector employees in the UAE on the occasion of Arafat Day and Eid Al-Adha. The announcement follows the Cabinet's decision regarding the approved public holidays for both the public and private sectors.
RNZ News
25-05-2025
- Business
- RNZ News
Formerly secret spy data centre to open soon in West Auckland
Mock-up of a new data centre in West Auckland. Photo: Supplied A tailor-made data centre for the country's most secret and sensitive public sector information is expected to open soon in West Auckland. The $300m facility at the air force base in Whenuapai is a partnership between the Government Communications Security Bureau (GCSB) spy agency and the Defence Force. It was especially designed to meet New Zealand's "unique environment", the GCSB has said previously. Begun in 2022, but announced only in 2023 "after security milestones had been achieved", the centre will provide extra secure storage for core information across government agencies. It was on track to begin operating by the middle of the year, the spy agency said. A main driver has been to get "additional protection against malign actors", official papers showed . A lot of public agency data is held in data centres in Australia run by big US tech companies. "The data centre is neither modelled on nor linked to an Australian centre," the GCSB said in 2023, in response to a request made under the Official Information Act. "We did however seek to draw learnings from selected international partners about their data centres, given this is the first instance where we have built such a facility, noting we have a unique environment and different requirements than international partners." A "non-sovereign" option offshore, or in a centre with offshore ownership, was ruled out early on. The Government Communications Security Bureau (GCSB)'s spy base at Waihopai, near Blenheim. Photo: Supplied Planning dated back almost a decade, when a Cabinet committee in 2016 agreed on setting money aside following a security resourcing review. "The facility needed to be within New Zealand, preferably on existing Crown land," the GCSB said. "Value for money was a strong factor, as was geographical diversity and resiliency." The centre would "shore up the resilience of our secure data storage for at least another 25 years", the spy agency said in a statement. The GCSB's appropriation in Budget 2025 of $262m was about a fifth lower than what it spent last year . There was "volatility from year to year as capital projects start and finish", it said. Successive governments' policy of pushing to the 'cloud' had propelled a lot of agencies to switch from storing and processing data on-site, to using services and servers run by Microsoft, Amazon and Google, in Australia. The former two have been building large data centres in this country. Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Daily Mail
21-05-2025
- Business
- Daily Mail
Reeves faces bond alert: Soaring yields threaten to undermine the Chancellor's spending plans, warns ALEX BRUMMER
Rachel Reeves's stewardship of the economy becomes more perilous by the day. The Chancellor takes credit for the four interest rate cuts by the Bank of England since Labour took office. After a calamitous rise in consumer prices in 'awful April' the odds on borrowing costs coming down further this year are dented badly. The return of inflation will not come as an enormous shock. Most households will have seen the brown envelopes from utility suppliers, the DVLA, water companies and the rest, warning of price rises. All that Reeves has done, with her over-generous pay rewards to public sector employees, is to raise the pain threshold for other working people. The first and lasting mistake, in the 'Fixing the foundations' audit unveiled in July, was to fall into a Treasury trap. It long has regarded the winter fuel allowance as a gift to the elderly, with too much deadweight. The payment rewarded many people who don't need it. It was a pre-packed way of saving the Exchequer £1.5billion. Pensioners don't think about heating bills in July. But by the time of the local elections it had become an anvil around the Chancellor's neck. A second decision in the October 2024 Budget, the rise in employers' National Insurance Contributions, has come back to bite the Government by raising payroll costs and destroying jobs. The jump in inflation to 3.5 per cent is not simply down to administered prices, as headlines would suggest. Core inflation is up and, worryingly, there was a sharp rise in the pace that the price of services is climbing at, from 4.7 per cent to 5.4 per cent. This is significant because it is closely monitored by the Bank of England where leading hawk, chief economist Huw Pill, is unhappy at the speed of interest rate cuts. None of this is happening in a vacuum. Bond markets across the globe are in turmoil. There has been a seismic rise in the yield on the Japanese 30-year bond ,which climbed to its highest on record at 3.197 per cent in latest trading. The yen carry trade – borrowing in the Japanese currency and ploughing the funds into higher-yielding US assets – is unwinding, sending out shock waves. The American 30-year bond has zipped up to 5 per cent. Reeves likes to argue that surging UK bond yields, now at an alarming 5.53 per cent for the 30-year, are a consequence of global conditions and little to do with domestic policy. Maybe. But every rise in global yields increases the cost of funding UK national debt and erodes 'headroom' for current spending. The doom fiscal and political noose rapidly is tightening. Spoiled party Were it not for Scattered Spider, Stuart Machin and colleagues at Marks & Spencer would be having a celebratory drink. The long journey back for M&S picked up momentum over the last year with profits up 22.2 per cent at £875.5million, the highest for more than 15 years and ahead of forecasts. Instead, chairman Archie Norman and chief executive Machin have been in crisis mode since Easter, seeking to overcome one of the most toxic and visible hacking attacks on British commerce and shoppers. The potential £300million cyber hit to operating profits, though some of it will be recoverable, is a body blow to progress. And the company doesn't look likely to be marking a return to £1billion profits in the current year. Nevertheless, customers and investors will be reassured by the 20 per cent lift in dividend – a signal that it will overcome woes, and confidence in the future. Full normality for online shopping may not be restored until at least July. M&S is fortunate in the loyalty of its customer base and an enduring reputation for being on the side of quality and innovation. A 50 per cent stake in Ocado in the UK has meant that not all food customers have been deprived of M&S delights. But a £248.5million write-off of the value of the Ocado holding suggests thwarted ambition. Homecoming! Upstart £43billion US online broker Robinhood has hoovered up a whole new generation of investors with its no-commission, social media model. Now it is heading across the Atlantic and proposes to launch a commission-free Individual Savings Account platform in the UK. Eat your heart out Hargreaves Lansdown, AJ Bell et al.
