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The boss of Standard Chartered has warned that Dubai risks damaging its status as a financial center as a result of the trade boycott of Qatar by a Saudi-led bloc, which includes the United Arab Emirates. Standard Chartered is a major lender across the Middle East and CEO Bill Winters said it could become increasingly difficult for Dubai to act as a comprehensive regional hub for international companies' Gulf operations if the tension in the region continued.Standard Chartered employs around 128 staff in Qatar, offering personal and corporate banking in the country.Winters said his bank does not handle a huge amount of cross-border business directly between Qatar and the United Arab Emirates, but that his staff is mindful of the situation.
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