HSBC Expresses Confidence in Gulf Economic Outlook Amid Iran Conflict

LootboxPhobia · 2026-03-10T03:42:16+00:00

HSBC, despite facing economic disruptions caused by regional conflicts, remains optimistic about the economic prospects of Gulf countries, believing that the region will experience stability and growth. The CEO stated that their confidence in the fundamental outlook of the Gulf Cooperation Council remains unchanged.

LootboxPhobia

2026-03-10 03:42:16

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Investing.com – HSBC on Monday stated that despite the region facing economic disruptions from the US-Israel and Iran conflicts, they remain confident in the economic outlook of Gulf countries.

CEO Georges Elhedery said in a statement: “HSBC remains confident in the long-term strength, resilience, and prospects of the Gulf Cooperation Council and the region. Our belief in the fundamentals and future of the GCC has not changed.”

GCC members include Bahrain, Kuwait, Saudi Arabia, Qatar, Oman, and the United Arab Emirates.

Since the outbreak of war ten days ago, Iran’s drones and ballistic missile attacks have targeted several GCC countries, disrupting oil and natural gas exports that support the region’s income.

Elhedery stated that the bank continues to believe that the coming years will bring new stability, growth, and prosperity to the region.

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