Business
Citigroup denies Middle East shutdown rumours, says ‘operations continue without disruption’

The bank said it temporarily evacuated three buildings and closed some branches as a precaution, confirming all employees are safe and business continues without disruption.
Citigroup has denied circulating reports claiming its offices in the Middle East were damaged, stating that videos shared on social media alleging strikes on its facilities in Dubai and Manama are inaccurate.
In
a statement published on its website, the US lender said the claims were false and confirmed that its regional operations continue without disruption.
“We are aware that false information is circulating about our operations in the Middle East. Reports of damage to Citi offices and branches are false,” the bank said.
The bank added that it continues to serve clients across the United Arab Emirates and Bahrain without interruption, supported by contingency and resilience plans designed to maintain business continuity.
“The safety of our employees is our number one priority,” the statement said, noting that all staff have been accounted for and remain safe.
As a precautionary step amid heightened regional tensions, Citi confirmed it temporarily evacuated three buildings and closed several branches in the UAE.

The clarification follows the circulation of online posts and videos claiming Citi facilities had been struck during the ongoing regional tensions involving Iran, the United States and Israel.
The bank emphasised that it has no plans to withdraw from the region.
“Citi is not leaving the Middle East,” the lender said, highlighting that it has maintained a presence in the region for more than 60 years.
Citi also expressed confidence in the resilience of regional economies and the response of UAE authorities to the evolving situation.
The statement comes as businesses across the Gulf implement precautionary measures while the regional conflict enters its third week. Authorities in the UAE have urged the public to rely on official sources of information and avoid sharing unverified reports during the crisis.
Topics
Author
Loading...
Loading...





