Briefing: Banking, finance and consultancy firms evacuate staff in Gulf States
Strategic angle: Major international businesses respond to threats in the Middle East by closing or evacuating offices.
Recent geopolitical tensions have prompted significant responses from major international firms, particularly in the banking and consultancy sectors. Companies like Citi and Deloitte have evacuated staff from their offices in the Gulf States.
The evacuations follow threats from Iran targeting economic interests linked to the US and Israel, raising concerns about the safety of personnel and the continuity of operations in the region.
This situation could lead to disruptions in service delivery and operational capacity for these firms, as they reassess their risk management strategies and the viability of maintaining a presence in the Gulf.