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Markets Slip as Investors Bet on Extended U.S.–Iran Ceasefire

  Stocks Edge Lower as Investors Hope U.S.–Iran Ceasefire Will Hold Stocks drifted lower today as markets balanced cautious optimism over a potential extension of the U.S.–Iran ceasefire with persistent geopolitical and inflation concerns. Recent trading sessions have shown that even modest signs of diplomatic progress can meaningfully shift investor sentiment. Asian and U.S. markets rallied earlier this week on hopes that Washington and Tehran would continue negotiations, helping unwind some of the war-driven risk premiums that had pushed oil and volatility higher. Despite the pullback, investors remain hopeful that the ceasefire—currently set to expire soon—will be extended, giving negotiators more time to work toward a longer-term agreement. Reports indicate both sides are considering adding another two weeks to the pause, a move that has already helped push Brent crude below the recent peak of nearly US$120 per barrel. Lower oil prices have eased pressure on inflation expecta...
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Citibank Scales Back UAE Operations Amid Regional Security Concerns

 


Citibank has temporarily closed most of its UAE branches through March 14 as a safety precaution amid rising regional tensions, with only its Mall of the Emirates branch remaining open. The move follows widespread evacuations by international banks responding to escalating geopolitical risks. 

Citibank has announced the temporary closure of most of its branches and financial centers across the United Arab Emirates, a precautionary step taken as geopolitical tensions intensify in the region. According to the bank’s website, the closures will remain in effect through March 14, with normal operations expected to resume on March 16. The only exception is the Mall of the Emirates branch in Dubai, which will continue serving customers during this period. 

This decision comes as several global banks—including Standard Chartered and HSBC—evacuate offices and shift employees to remote work following warnings from Iran about potential threats to Gulf-based financial institutions linked to the U.S. and Israel. The heightened alert has prompted multinational firms across West Asia to reassess safety protocols and reduce on-site staffing.

Citibank’s temporary closures underscore the broader uncertainty facing the region’s financial sector as institutions navigate evolving security risks and prioritize employee safety.

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