Wall Street banks allow home office or departure from the country amid attacks in the Middle East

A general view of the luxurious Burj al-Arab Hotel in the Jumeirah area of ​​Dubai, United Arab Emirates Karim Sahib/Reuters Some of the biggest banks on Wall Street, the main financial center in the United States, have started to offer employees in the United Arab Emirates the possibility of temporarily leaving the country and working remotely while attacks against the Gulf country continue. The information was released by Bloomberg. 🗒️ Do you have any reporting suggestions? Send to g1 Institutions such as Goldman Sachs, Morgan Stanley and Citigroup have started to allow employees to temporarily move to other countries, according to the newspaper. The measure seeks to provide greater security for teams operating in the region. ➡️ The measure occurs at a time of increased attention in cities such as Dubai and Abu Dhabi, which have established themselves as important global financial centers. Both attract international banks, investment funds and consultancies and serve as gateways for business in the Middle East, Africa and parts of Asia. Consulting firm McKinsey & Company also adopted similar measures. According to sources cited by Bloomberg, the company chartered a flight to Turkey to pick up consultants who were outside the region. The company also began allowing employees based in Dubai to leave the country in case of emergencies. Dubai Airport suffers damage during Iranian attacks It is not yet clear how many professionals accepted the offer of temporary change. One of the banks told Bloomberg that membership has been very limited so far. In many cases, employees can continue working from another country. However, companies do not offer financial compensation for the change. Even when change is possible, the decision can bring complications. Changes of residence, even if temporary, can generate tax impacts. Some professionals also need to obtain authorization from regulatory bodies to work in other countries. Bloomberg also reported that some local companies have begun offering similar flexibility to employees. Others, however, continue to operate normally in the United Arab Emirates. See how the conflicts in the Middle East are going in the report below. Trump says war against Iran will end soon: ‘Practically concluded’

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