By Micah Jonah, March 12, 2026
Citibank has temporarily closed most of its branches across the United Arab Emirates as financial institutions in the region take precautionary measures amid the escalating conflict in the Middle East.
The bank said the closures will remain in effect until March 14, while normal operations are expected to resume on March 16. A branch located at the Mall of the Emirates in Dubai will remain open during the period.
According to the bank, employees have been instructed to work remotely while services continue through digital channels to avoid disruptions to customers.
The move comes as concerns grow among international banks after threats from Iran to target economic and banking interests linked to the United States and Israel in the Gulf region.
Citibank also evacuated staff from offices located in the Dubai International Financial Centre and the Oud Metha district of Dubai earlier this week as a precautionary measure.
A spokesperson for the bank said the decision was taken to prioritize the safety of employees – following security information received by the institution.
Other international financial institutions have taken similar actions. HSBC has reportedly closed all its branches in Qatar until further notice to protect staff and customers.
The expanding regional conflict has already disrupted global energy markets, trade routes and business operations, with analysts warning that the situation could weaken the region’s reputation as a stable financial, commercial hub.
Dubai, widely known as a major global business centre, is now facing concerns from international firms over potential economic disruption if the conflict continues to escalate.
