risky business

Finance firms reassess Gulf business plans after Iran strikes

Banks including Goldman Sachs and Citigroup instructed employees to work from home while executives began to evaluate their regional exposure

Fadel SENNA / AFP via Getty Images

A plume of smoke rises from Dubai's Jebel Ali port of following an Iranian missile strike

Financial firms in the UAE shifted into contingency mode after Iranian missile and drone strikes shook Dubai and Abu Dhabi, prompting banks, hedge funds and investment houses to activate remote-work plans and reassess operational risks.

Authorities urged residents...