HSBC CEO says bank remains committed to GCC region amid Iran conflict
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HSBC CEO Georges Elhedery reaffirmed the bank's commitment to the Gulf Cooperation Council (GCC) region despite the ongoing U.S.-Israeli conflict with Iran. He expressed confidence in the economic prospects of GCC members, emphasizing the region's long-term strength and resilience. Elhedery stated that HSBC believes in the potential for renewed stability and growth in the years ahead, even as the conflict disrupts oil and gas exports critical to the region's economy.
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