'Citi Not Leaving Middle East': Bank Says Decision To Close Some Offices Is Temporary

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Citibank has responded to "false information" about its operations in the Middle East. The bank denied reports of damage to any of its branches.

Closures of some branches in UAE are temporary, and the bank chose to evacuate three of its buildings to prioritise safety, Citibank added. The bank clarified that it continues to serve clients in UAE and Bahrain "without interruption". In addition, all UAE and Bahrain-based employees are "safe and accounted for."

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With "robust contingency and resilience plans," the bank is ensuring business continuity while continuing measures to keep employees and their families safe, it added.

Citi

The bank said that it has maintained a continuous presence in the region for over six decades, and has "strong confidence in the resilience and sophistication of regional economies."

Citi added that it "is not leaving the Middle East," and expressed its trust in the "effectiveness and agility of UAE leadership in response to the situation, " it added.

Since the start of the Iranian aggression, UAE air defences have engaged 294 ballistic missiles, 15 cruise missiles and 1,600 UAVs launched from Iran. The attacks have resulted in 6 deaths, and 141 injuries.

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