The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia11 hours ago
Fumio Hoshi, Senior Executive Director from JBIC commented: "We are very pleased to open our new representative office in the DIFC. The Gate building is a symbol of growth. Dubai has become a base for business and economic development between the MENA region and Japan. "
Dr Omar bin Sulaiman, Director General of Dubai International Financial Centre Authority, commented: "We are delighted to welcome Japan Bank for International Co-operation to the DIFC. We look forward to working together specially as we share a common goal — to promote regional economic growth and stability. JBIC is well established as an institution that is mandated not only to promote Japanese exports, imports, but also economic activities overseas for the stability of the international financial order. JBIC has recognised the strategic importance of the region and of the DIFC."
JBIC is a Japanese Government Institution, which was established in 1999 following the merger of the Export-Import Bank of Japan (JEXIM) and the Overseas Economic Cooperation Fund (OECF). JBIC's objectives consist of promoting Japanese international trade and investment, the security of energy supply to Japan, economic assistance for developing countries and contributing to the stability of the international financial market. JBIC has a variety of financial programmes at its disposal, including sovereign loans to host countries, project finance or structured finance based loans, as well as corporate loans to Japanese entities. JBIC can provide optimal finance in order to realise a project with mitigating risks based on its close relations with host countries and cooperation with multilateral financial institutions and other official or private banks.
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
asia11 hours ago
Dubai Police have asked drivers to be extra cautious
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The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
cricket11 hours ago
Dubai Police have asked drivers to be extra cautious
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Traffic will be diverted to the opposite side during this period
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