Close Menu
    What's Hot

    NjiaPay – Bridging Africa’s Fragmented Payment Ecosystem

    May 12, 2025

    Flutterwave CEO Urges Unified African Trade

    May 7, 2025

    Ghana’s Tendo Secures Backing to Scale Inclusive E-commerce Platform

    May 5, 2025
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      Navigating Challenges in the African Air Cargo Industry

      March 5, 2025

      Driving Growth: African Logistics Sector Harnesses AfCFTA’s Potential

      January 20, 2025

      Genesis and K’omani join forces to drive sustainable energy solutions in Africa

      October 16, 2024
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      NjiaPay – Bridging Africa’s Fragmented Payment Ecosystem

      May 12, 2025

      Ghana’s Tendo Secures Backing to Scale Inclusive E-commerce Platform

      May 5, 2025

      Former Shell Traders Launch Atmin to Strengthen Africa’s Energy Trade​

      April 30, 2025
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      DP World and Nedbank Elevate Trade Finance in Africa

      Finance Trade September 18, 2024
      Recent

      DP World and Nedbank Elevate Trade Finance in Africa

      September 18, 2024

      Arab Coordination Group commits $50 billion for Africa’s sustainable development

      November 13, 2023

      MENAT to see investment flows increase substantially

      September 4, 2023
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business

    Germany’s largest bank chooses Dubai for its African markets

    March 18, 20152 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Deutsche Bank AG announces the DIFC to become ops hub for African business

    Deutsche Bank AG have announced plans to make Dubai its nerve centre for both its African and Middle Eastern operations, according to comments made by Middle East chief executive, Mr. Ashok Aram at the Bloomberg Future Cities Forum in Dubai yesterday.

    The DIFC, whose clients include over twenty of world’s largest banks by share capital, has established a reputation as a dependable foot hold from which to conduct business in Africa with many other companies considering the Emirate of Dubai as the ‘hub’ for both regional and international business. Capitalising on its location, sitting in between the African and Asian markets, Dubai has become a major destination for re-exporting commodities such as tea, while free zones such as the DMCC have firmly placed Dubai on the map as a leading trader of precious metals and diamonds. The DIFC has been attracting international financial institutions through incentives such as tax exemption for 50 years

    Aram, whose 18 year career with the German lender includes posts in Tokyo, Singapore, Frankfurt, New York and London, was promoted to CEO (MENA) in September 2010, replacing Henry Azzam, who now serves as the bank’s non-executive Chairman for the MENA region.

    Deutsche Bank AG, which has operations in Johannesburg was fined 10 million rand ($857,000) last month, by South Africa’s banking regulator for failure to comply with rules relating to the detection of assets linked to crimes such as terrorism.

    Related article UAE’s embassy confusion in Kenya

    Contradictory reports claim closure

    The DIFC has been attracting international financial institutions through incentives such as tax exemption for 50 years

    Africa Ashok Aram Banking & Finance Deutsche Bank AG DIFC finance Hub Middle East trade
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleMHI receives order for satellite launch services from EIAST
    Next Article QNB’s long-term rating upgraded by Fitch

    Related Posts

    Business & Trade

    NjiaPay – Bridging Africa’s Fragmented Payment Ecosystem

    May 12, 2025
    Trade

    Flutterwave CEO Urges Unified African Trade

    May 7, 2025
    Business & Trade Trade

    Ghana’s Tendo Secures Backing to Scale Inclusive E-commerce Platform

    May 5, 2025
    Add A Comment

    Comments are closed.

    LATEST STORIES

    NjiaPay – Bridging Africa’s Fragmented Payment Ecosystem

    May 12, 2025

    Flutterwave CEO Urges Unified African Trade

    May 7, 2025

    Ghana’s Tendo Secures Backing to Scale Inclusive E-commerce Platform

    May 5, 2025

    Premium Resources Expands Mineral Potential at Botswana’s Selebi North​

    May 2, 2025

    AUDA-NEPAD One-Stop Border Posts Accelerate Africa’s Economic Integration​

    April 2, 2025
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.