Search Site

Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Dubai Customs and Japan’s consulate discuss expansion of trade ties

Officials from Dubai Customs and Japan's consulate in Dubai pose for a picture. (WAM)
  • The officials noted how collaboration with Dubai was enabling Japan's traders and investors to expand their businesses in Dubai
  • The consulate officials conveyed their appreciation for Dubai Customs' role in combating drug smuggling across borders

Dubai, UAE— Officials from Dubai Customs and Japan’s consulate have discussed ways to boost trade cooperation between the two countries in a meeting in Dubai.

The officials from the consulate expressed appreciation for Dubai Customs and its role in collaborating with international customs authorities and organizations to combat drug smuggling across borders.

Noboru Sekiguchi, the Consul General of Japan in Dubai, conveyed his gratitude to the Japanese authorities for Dubai Customs’ assistance in intercepting a drug shipment destined for Japan from an Asian country.

The shipment contained approximately 700 kilograms of methamphetamine powder valued at around US$310 million, making it the second-largest drug seizure in Japan’s history.

Ahmed Mahboob Musabih, Director General of Dubai Customs, CEO of Ports, Customs and Free Zone Corporation, extended a warm welcome to the Japanese Consul and his accompanying delegation.

He emphasized that Dubai Customs is actively working to expand cooperation in combating transnational organized crime, drug trafficking, and the smuggling of prohibited substances.

Dubai Customs possesses a specialized team for data monitoring and analysis, a proficient and professional inspection staff, and advanced leading systems for tracking suspicious shipments.

They are committed to sharing their accumulated expertise with customs authorities, organizations, and entities worldwide for mutual benefit.

In response, Noboru Sekiguchi expressed admiration for the efforts of Dubai Customs and its role in supporting mutual trade growth between the UAE and Japan.

He confirmed the Japanese Consulate General’s eagerness to exchange visits and hold meetings with Dubai Customs, aiming to achieve the highest level of coordination between the two parties and benefit from the advanced services provided by the department.

This collaboration aims to empower traders and investors in Japan, enabling them to enhance their business operations with Dubai.

Sekiguchi also praised Dubai Customs’ capabilities in combating drug smuggling across borders, where the Customs Intelligence Department played a significant role in monitoring and analyzing data through their specialized targeting operations, with the assistance of Japanese customs authorities, resulting in the seizure of a drug shipment containing methamphetamine powder.