Iran war casts shadow over HSBC and StanChart Middle East ambitions

HSBC’s CEO highlighted the Asia-Middle East corridor’s growth potential despite regional tensions.

Source: Reuters (via feed)




HSBC’s CEO, Georges Elhedery, said the Asia-Middle East corridor was becoming “a defining axis of global growth.” He made this statement days before the U.S. and Israel launched strikes on Iran.

The timing of Elhedery’s statement preceded the strikes by only a few days. No further remarks from HSBC were included.

BizTrendWire Insight:

HSBC’s focus on the Asia-Middle East corridor is noted ahead of developments in the region involving the U.S. and Israel.


Read full story on Reuters

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