INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Japan prepares to hold foreign ministers meet with GCC nations in Sept

Saudi Crown Prince Mohammed bin Salman (R) welcoming Japanese Prime Minister Fumio Kishida in Jeddah on July 16, 2023. (file pic)
  • Japan relies on the six countries that make up the GCC -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates -- for over 90 percent of its crude oil.
  • Foreign Minister Yoshimasa Hayashi is expected to attend the meeting, with visits to Egypt and Jordan also under consideration, Kyodo News said.

Tokyo, Japan — Japan is preparing to hold a foreign ministers’ meeting with the six member states of the Gulf Cooperation Council in Saudi Arabia in early September, a report said.

Japan’s Kyodo News said the meeting comes as Japan aims to strengthen relations with oil-producing countries in the Middle East to ensure a stable energy supply as China’s foothold grows in the region amid waning US influence.

Japan relies on the six countries that make up the GCC — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates — for over 90 percent of its crude oil.

Foreign Minister Yoshimasa Hayashi is expected to attend the meeting, with visits to Egypt and Jordan also under consideration, Kyodo News said, citing sources.

During a trip to three Middle Eastern countries last month, Japanese Prime Minister Fumio Kishida met with GCC Secretary General Jasem Mohamed al-Budaiwi and agreed to resume negotiations on a free trade deal and to hold regular meetings between the Japanese foreign minister and counterparts from GCC member nations.

The upcoming foreign ministers’ meeting is expected to further talks on the FTA and possible cooperation in the field of next-generation energy technologies, with Iran’s nuclear program also possibly on the agenda.

In Egypt, Hayashi plans to participate in the third round of political dialogue with ministers from the Arab League, which groups together 21 Middle Eastern and African countries as well as Palestine.

The Japanese government is also arranging to hold bilateral talks with some member states of the GCC and Arab League, according to the sources.