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Reports circulated by Iran’s Tasnim News Agency said branches of U.S. bank Citi were hit by drone strikes in Dubai and Manama, causing fires, while the bank said the claims are false.
According to Tasnim News Agency reporters, branches of Citi in Dubai in the United Arab Emirates and Manama in Bahrain were struck by unidentified drones overnight and caught fire.
Tasnim reported that the branches of the bank were damaged during the alleged attacks.
Citi is the third-largest U.S. bank by assets.
Citi said in statements posted on X that reports about damage to its offices and branches in the Middle East are false.
"We are aware that false information is circulating about our operations in the Middle East. Reports of damage to Citi offices and branches are false," the bank said.
The bank said the safety of employees is its top priority and that measures are being taken to protect staff and their families.
Citi said it continues to serve clients in the United Arab Emirates and Bahrain without interruption.
The bank said it has contingency and resilience plans in place to ensure business continuity.
Citi said it evacuated three buildings and temporarily closed some branches in the United Arab Emirates as part of efforts to prioritize employee safety.
The bank said all employees in the UAE and Bahrain are accounted for and safe.
Citi also said it is not leaving the Middle East and noted it has maintained a continuous presence in the region for more than six decades.
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