As missiles and drones flew over the United Arab Emirates, traders and Wall Street executives who have flocked to the Gulf in recent years found themselves confronting a threat few expected to materialize in a country that had pitched itself as the region’s safest hub.
Several hedge funds began reviewing business-continuity arrangements immediately, according to people familiar with the matter. Banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc., Commerzbank AG and Nomura Holdings Inc. instructed employees to work from home, while others urged staff to shelter in place and avoid sensitive areas around ...
