Georges Elhedery: HSBC’s GCC Conviction is «Unchanged»
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HSBC CEO Georges Elhedery stated that the bank's confidence in the Gulf region's business outlook remains "unchanged" despite ongoing conflicts, including the US-Israel-Iran situation. He emphasized HSBC's optimism about the long-term prospects of the GCC, highlighting the region's resilience and ability to adapt. Elhedery reaffirmed HSBC's commitment to the GCC, noting recent expansions such as an asset management business in the UAE, and expressed confidence in the region's fundamentals and future growth potential.
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