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Yahoo Finance Tech·2 min read

Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow

Major banks evacuate offices amid regional tensions

Citigroup and Standard Chartered have begun evacuating their Dubai offices, directing employees to work from home as tensions rise following Iranian threats against U.S. and Israeli banking interests. HSBC has also closed all branches in Qatar to ensure the safety of staff and customers amid escalating regional conflict, which has already prompted many businesses to implement remote work policies.

Key Takeaways

1.
Citigroup has instructed employees to work from home in Dubai's DIFC and Oud Metha areas.
2.
HSBC has closed all branches in Qatar as a precaution for staff safety.

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