Finance

First Abu Dhabi Bank Plans to Open Branch in India’s Low-Tax Hub

A First Abu Dhabi Bank branch and office building in Abu Dhabi, United Arab Emirates. — A First Abu Dhabi Bank branch and office building in Abu Dhabi, United Arab Emirates.
Photographer: Christopher Pike/Bloomberg

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By Saikat Das

May 13, 2025 at 10:55 AM UTC

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First Abu Dhabi Bank PJSC is seeking to open a branch in India’s Gujarat International Finance Tec-City, or GIFT City, becoming the second Middle East lender to take advantage of the country’s low-tax hub, according to people familiar with the matter.