DUBAI/LONDON, March 11 (Reuters) - Standard Chartered ( SCBFF )
has begun evacuating staff from offices in Dubai, two
sources said on Wednesday, as lenders step up precautionary
measures following an Iranian warning that Tehran will target
U.S. and Israeli banks in the region.
London-based British bank Standard Chartered ( SCBFF ) has a large
presence in the United Arab Emirates and offices including in
the Dubai International Financial Centre (DIFC), a financial hub
home to large international banks and law firms.
Iran will target economic and banking interests linked to the
U.S. and Israel in the region, after an attack on an Iranian
bank, a spokesperson for Tehran's Khatam al-Anbiya military
command headquarters said on Wednesday.
Many staff at foreign and local businesses have been working
from home following U.S. and Israeli attacks on Iran, which
prompted Tehran to fire missiles at targets across the Middle
East, causing damage and deaths across the Gulf and travel
chaos.
The creation of the DIFC in 2004 kickstarted's Dubai's push
to draw financial firms. By the end of 2025, DIFC hosted more
than 290 banks, 102 hedge funds, 500 wealth management firms and
1,289 family-related entities.
(Reporting by Hadeel Al Sayegh and Lawrence White in London.
Editing by Tommy Reggiori Wilkes, Elisa Martinuzzi and Anousha
Sakoui)