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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

JNTO opens its first office in Dubai in bid to draw more GCC tourists

Japan establishes its first tourism office in Dubai
  • Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
  • As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year

The Japan National Tourism Organization opened its first office of Middle East in Dubai. The day also marked the 50th anniversary of diplomatic relations between Japan and United Arab Emirates.

Tomoko Kikuchi, Executive Director of JNTO Dubai office said that by opening their office in Dubai, they would like to contribute for the development of tourism exchange between Japan, UAE and GCC.

Japan aims to attract 60 million visitors annually by 2030 which makes Middle East an important region to attract the tourists.

Furthermore, the victory of two athletes from the UAE in Tokyo 2020 Paralympic games has made Japan more interested in the UAE, resulting in scores of Japanese restaurants opening in UAE.

As many as 28222 tourists visited Japan from GCC (Gulf Cooperation Council) in 2019, marking an increase of 28 percent from last year. A survey from JNTO showed that 30 percent of the people from six GCC countries wanted to travel Japan.

Also, one of the main attractions of Expo 2020 Dubai is the Japan Pavilion with 3 dimensional expression of Japanese origami in fusion of traditional Arabesque and Japanese asanoha motifs.

The Expo 2025 will be held in Osaka, Kansai, Japan.