The most common and most likely answer to this crossword clue is the 9 letter word EMBASSIES
I've seen this crossword clue in Financial Times
E
M
B
A
S
S
I
E
S
Buddy explains!
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does EMBASSIES mean?
EMBASSIES noun- The function or duty of an ambassador.
- An organization or group of officials who permanently represent a sovereign state in a second sovereign state or with respect to an international organization such as the United Nations.
- A temporary mission representing a sovereign state.
- The official residence of such a group, or of an ambassador.