Citibank quickly closes branches in UAE amid regional tensions

DUBAI — Citibank mentioned it has quickly closed a number of branches and monetary facilities within the United Arab Emirates from March 12 to March 14 as a precautionary measure amid the continuing battle within the Center East.

The financial institution mentioned it expects all affected places to reopen on March 16, whereas its department at Mall of the Emirates in Dubai will stay operational in the course of the interval.

Earlier this week, Citibank additionally supplied workers within the UAE the choice to work remotely, together with the opportunity of working from exterior the nation.

The measures come after the Islamic Revolutionary Guard Corps threatened to focus on “financial facilities and banks” linked to U.S. and Israeli entities throughout the area.

Regional tensions have escalated following the battle involving Iran, Israel and america, prompting a number of establishments to undertake precautionary measures.

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