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Banks evacuate, close offices in Qatar, Dubai after Iran threatens attacks
Banks including Citi and Standard Chartered evacuated Dubai offices following Iranian threats targeting US and Israeli economic interests amid escalating regional conflict.
- On Wednesday, major banks evacuated staff from Dubai after Iran threatened American and Israeli economic interests; Citigroup evacuated three UAE offices and shifted to fully remote work while Standard Chartered, Deloitte and PwC also closed or evacuated Dubai offices.
- The move comes after Wednesday, when Iran's Khatam al-Anbiya said 'the enemy has given us free rein to target economic centres and banks belonging to the United States and the Zionist regime.'
- Citigroup said it continued serving clients while prioritising colleague safety, and reported colleagues were accounted for after evacuations, according to representatives.
- Evacuations in Dubai's DIFC and Oud Metha hit a hub hosting more than 290 banks and around 500 wealth management firms, while HSBC closed branches until further notice.
- Goldman Sachs told regional teams to work from home, citing employee safety, as firms activate remote operations following Iran's threats and US strikes on Feb. 28.
16 Articles
16 Articles
Companies evacuate Dubai financial district after Iran threats
US group Citi, consultancies Deloitte and PwC and other firms in Dubai have closed offices or asked employees to evacuate Wednesday after Iran threatened US and Israel-linked economic assets in the Middle East. The evacuations at the heart of the Middle East's financial hub come as the Gulf but especially the UAE has borne the brunt of Iran's attacks in response to US-Israeli strikes. Iran's military threatened on Wednesday to attack US and Isra…
Citi evacuates offices in the Middle East after Iran threatens to target banks
Citi said on Wednesday that it evacuated multiple offices in the Middle East amid reports of threats toward financial institutions by Iranian military leaders.Mike Campbell/NurPhoto via Getty ImagesCitigroup is among US firms warning staff to evacuate or stay in safe locations in the Middle East.The firm has turned to a "fully remote model" as the crisis in the Middle East continues.On Wednesday, reports suggested Iran could strike regional bank…
FF.AA. warns the population to stay at least 1 km away from U.S.-linked banks in the Middle East, following the U.S. attack prior to the Iranian bank Sepah.
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