Media reported that the consulting giants such as PwC and Deloitte evacuated their offices in Dubai’s key business districts on Wednesday.
Corporate Exodus Triggering The Iran Conflicts
Similarly, HSBC also shut its office in Qatar after Iran warned it could target economic and financial infrastructure as the West Asia conflict intensified.
In the meantime, its peer Citigroup also asked its employees to leave its offices in Dubai International Financial Centre and Oud Metha as a precautionary step to ensure staff safety.
It appears that the British consulting firms have also taken wider precautionary measures across the region.
Following the development, Citi, which is also the prominent American banking group, requested their employees to evacuate its offices located in both the DIFC and Oud Metha in order to ensure employee safety, reportedly.
Following the suit, British consulting firms have even broader measures that span the region.
When it comes to the Dubai International Financial Centre, it has gained its reputation as a symbol of West Asia’s economic resilience and its position as a leading global financial hub.
PwC, Deloitte and HSBC Pulling Staff Out of Offices Across Dubai
PwC also announced that it will shutter its offices across West Asia, including locations in Saudi Arabia, Qatar, the UAE, and Kuwait – for the remainder of the week as a “precaution”.
Deloitte has gone ahead and instructed its staff to vacate their DIFC premises as the threat level intensified.
Besides this, the employees at two other unnamed companies within the DIFC also confirmed that their offices had been evacuated as a precautionary measure, said the sources.
It all started when Iran’s military threatened to attack US and Israeli economic targets in the region on Wednesday. The threat was specifically given to banks, after overnight attacks reportedly hit an Iranian bank
This has created a sudden wave of emergency evacuations as Iran issued explicit threats to target global businesses and financial institutions linked to the United States and Israel.
As expected, the major banks and consulting firms began pulling staff out of offices across the Dubai financial district as they rushed to safeguard employees amid a rapidly deteriorating security situation in the United Arab Emirates.
