Story perspectives

Global Banks Evacuate Dubai Amid Rising Iran Threats

3/13/2026

Summary

Story summary

Global banks are evacuating Dubai offices after threats from Iran against U.S. and Israeli-linked financial institutions.
Citigroup Inc. instructs staff at the Dubai International Financial Centre and Oud Metha to work from home until further notice.
Standard Chartered PLC has implemented remote work for its employees.
JPMorgan Chase & Co. and The Goldman Sachs Group, Inc. are reviewing safety protocols.
HSBC Holdings plc has closed Qatar branches to safeguard staff amid escalating regional tensions.

History

Historical Context

The Iranian Revolution in 1979 overthrew Shah Mohammad Reza Pahlavi, leading to the establishment of an Islamic Republic under Ayatollah Ruhollah Khomeini. The subsequent Iran hostage crisis began on November 4, 1979, when 52 American diplomats were held for 444 days, straining U.S.-Iran relations and shaping ongoing geopolitical tensions, particularly regarding U.S. interests in the Middle East.

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Story summary

Global banks are evacuating Dubai offices after threats from Iran against U.S. and Israeli-linked financial institutions.
Citigroup Inc. instructs staff at the Dubai International Financial Centre and Oud Metha to work from home until further notice.
Standard Chartered PLC has implemented remote work for its employees.
JPMorgan Chase & Co. and The Goldman Sachs Group, Inc. are reviewing safety protocols.
HSBC Holdings plc has closed Qatar branches to safeguard staff amid escalating regional tensions.

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