Dubai: HSBC remains confident in the long-term prospects of Gulf economies despite escalating conflict across the Middle East, Group Chief Executive Georges Elhedery said in a statement to Gulf News on Monday.
“Our thoughts are with all those affected by current events,” Elhedery said. “HSBC remains steadfast in our confidence in the GCC and in the long-term strength, resilience and promise of the region.”
He added that the bank’s view of the region’s economic fundamentals “is unchanged,” describing the Gulf as a region that has repeatedly endured disruption and emerged stronger.
“Our thoughts are with all those affected by current events,” Elhedery said. “HSBC remains steadfast in our confidence in the GCC and in the long-term strength, resilience and promise of the region.”
He added that the bank’s view of the region’s economic fundamentals “is unchanged,” describing the Gulf as a region that has repeatedly endured disruption and emerged stronger.
“Our thoughts are with all those affected by current events,” Elhedery said. “HSBC remains steadfast in our confidence in the GCC and in the long-term strength, resilience and promise of the region.”
He added that the bank’s view of the region’s economic fundamentals “is unchanged,” describing the Gulf as a region that has repeatedly endured disruption and emerged stronger.
“Our thoughts are with all those affected by current events,” Elhedery said. “HSBC remains steadfast in our confidence in the GCC and in the long-term strength, resilience and promise of the region.”
He added that the bank’s view of the region’s economic fundamentals “is unchanged,” describing the Gulf as a region that has repeatedly endured disruption and emerged stronger.
“Our thoughts are with all those affected by current events,” Elhedery said. “HSBC remains steadfast in our confidence in the GCC and in the long-term strength, resilience and promise of the region.”
He added that the bank’s view of the region’s economic fundamentals “is unchanged,” describing the Gulf as a region that has repeatedly endured disruption and emerged stronger.
Original Source: https://gulfnews.com/uae/united-in-strength/hsbc-reaffirms-confidence-in-gcc-as-iran-us-conflict-rattles-markets-1.500468829
