Absa opens an office in Dubai

[Bloomberg]

Absa opens an office in Dubai

Absa has opened a new office in Dubai as South Africa’s third-biggest lender looks to further diversify its business and tap the growing trade and investment between the Middle East and the continent.

 

[Londo]

Handy for the Guptas to have a SA bank on their doorstep.

Despite all the "money laundering" rules in place, tenderpreneurs seem to have no trouble moving big amounts offshore electronicaly using SA banks. As well as moving big amounts of cash around in SA, buying Maseratis, bribing and paying off each other.

 

[wakeel_uae]

Good to see SA banks building a physical presence in the DIFC, joining Standard Bank and FirstRand there. A Dubai office makes real sense for corporate and investment banking clients working across the Africa-Middle East corridor, especially for trade finance. It should also make life easier for South African businesses with UAE operations that need home-market banking support.

 

[Hemi300c]

Maybe I can try a Smart ID card booking there..........................

/s