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Banks in Dubai and Qatar shift to remote work or close branches due to Iran’s threats and regional tensions.
Citigroup and Standard Chartered have instructed staff in Dubai to work from home amid rising regional tensions following Iran’s threat to target banks linked to the U.S. and Israel.
HSBC closed all its Qatar branches indefinitely.
The moves follow an attack on an Iranian military-linked bank and broader missile strikes, disrupting travel and raising concerns about Dubai’s status as a stable financial hub.
While some banks have implemented remote work, others, including HSBC, maintain long-term confidence in the Gulf region.
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Los bancos en Dubai y Qatar pasan al trabajo remoto o cierran sucursales debido a las amenazas de Irán y las tensiones regionales.