Absa Group opens first Gulf office in Dubai
Absa Group has opened its first Gulf office in Dubai to tap rising trade and investment flows between Africa and the Middle East. The branch will connect regional investors with operations across sixteen African markets.
Insights:
South Africa's Absa Group opened its first Gulf office in Dubai during the morning, establishing a regional hub to capture growing trade flows between Africa and the Middle East. The expansion follows a regulatory license granted to the bank in July. Non-oil trade between the United Arab Emirates and Africa rose to $158B in 2025, compared to $112B in the prior year. The office positions the bank to compete with domestic rivals already operating in the financial center.
