HSBC's has initiated the construction of its new Middle East management office at the Dubai Internet City (DIC). The building will also house a number of support departments. It will be the center for coordinating HSBC's resources and operations in the Middle East region. The building is expected to be ready for occupation by April 2003. It will accommodate some 400 staff.
HSBC Bank Middle East is the largest and most widely represented international bank in the Middle East with 30 branches throughout the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Jordan, Lebanon, and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain.
This regional coverage is strengthened by another member of the HSBC Group HSBC Bank Egypt SAE, and by its associated companies, The Saudi British Bank and British Arab Commercial Bank Limited. In addition to its Middle Eastern network, the Bank has a branch in London, UK and a representative office in Tehran, Iran.
HSBC Bank Middle East is a principal member of the HSBC Group which, with some 7,000 offices in 81 countries and territories and assets of $696 billion as at 31 December 2001, is one of the world's largest banking and financial services organizations. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
