Business
Emirates sets June 23 date for Tel Aviv launch

Emirates has confirmed that it will be commencing daily services to Tel Aviv from 23 June 2022. Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class, 42 lie flat seats in Business Class and 304 spacious seats in Economy Class.
Adnan Kazim, Chief Commercial Officer, Emirates Airline said: “We look forward to finally welcoming customers onboard our flights to and from Tel Aviv this summer, and offer them substantial connectivity to and through our Dubai hub as COVID travel restrictions continue to ease around the world and more borders open up. In addition to unlocking tremendous pent-up demand, Emirates’ debut into Israel will mean more choice for travellers as they return to the skies, and more opportunities for businesses to visit Dubai and beyond to our far-reaching network of almost 130 destinations, alongside our signature hospitality and award-winning onboard experience.”
He added: “Emirates is committed to creating new opportunities for business and tourism, and strengthening the bilateral ties between the UAE and Israel. We are confident that our new services will have a positive impact on enhancing Israel’s connectivity to a wealth of global destinations, and we thank the UAE and Israeli authorities for their ongoing support in making this service possible.”
The first flight taking off on 23 June will operate as EK931, leaving at 15:50hrs, and arriving at Ben Gurion Airport at 18:00hrs local time. The return flight EK 932 will depart Tel Aviv at 19:55hrs, arriving in Dubai at 23:59hrs (local time). Flight schedules have been timed to provide convenient access to Dubai, and optimum connection opportunities to popular holiday destinations like Thailand, India, Philippines, the Maldives, Sri Lanka and South Africa.
Together with multiple-daily codeshare flights operated by flydubai, the new Emirates flights will also offer seamless inbound connections from Emirates points with multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are home to thriving Jewish communities. Travellers from the United States and Brazil can opt to stop for the Dubai Stop Over package before they continue their journey to Tel Aviv, which includes stays at some of the world’s best hotels, sightseeing at the newest landmarks the city has to offer, among an abundance of other activities.
In 2021, Israel was ranked as one of Dubai’s top 20 source markets, according to Dubai Department of Economy & Tourism, and that ranking is set to build up even further as the city continues to welcome more visitors in 2022 with its ever-expanding list of experiences and diverse offerings.
Travellers with Emirates will enjoy an unparalleled onboard experience with personalised touches and modern innovations throughout their journey, including Emirates’ award-winning products and warm hospitality provided by its multinational cabin crew. Customers will be able to enjoy Emirates’ ice entertainment system with over 4,500 channels of on-demand entertainment to choose from, including numerous Hebrew language movies including Yoter Mema Shemagia Li, Happy Times, Isha Ovedet, Africa, The Electrifiers and Asia.
Emirates was also recently the first airline to offer the critically acclaimed documentary, Amen-Amen-Amen, which tells the story of co-existence, mutual respect and friendship between Muslims and Jews in the UAE and the historic gift of a Torah Scroll to its leadership.
The new service to Tel Aviv will also provide 20 tonnes of cargo capacity on each flight, providing channels for Israeli businesses and start-ups to export products like pharmaceuticals, high-tech goods, fruits and vegetables and other perishables. The flights are also expected to transport manufacturing raw materials and components, semiconductors and e-commerce parcels into Israel.
Emirates Holidays, the tour operating arm of the airline will also provide Israeli travellers with personalised holidays to Dubai and across the Emirates network, with travel consultants that handpick hotels and experiences to suit the diverse needs of Israeli customers. Packages also include reassurance at every step, value for money on combined flights and hotel, meals and extras, low deposits, flexible booking policies, and 24/7 support. In addition, Emirates Skywards members can enjoy 20% Skywards bonus miles on their next booking with Emirates Holidays.
Emirates has an extensive Middle East network and currently flies to 12 cities across the region from Dubai.
Business
Central Bank of Sri Lanka launches Sustainable Finance Roadmap 2.0

The Central Bank of Sri Lanka (CBSL) launched the Sustainable Finance Roadmap 2.0 on 05 May 2025 at the Atrium of CBSL, marking a key milestone in its continued efforts to foster a climate-resilient and socially inclusive financial system.
Recognising the growing implications of climate-related risks on price stability and financial system stability, CBSL introduced the first Sustainable Finance Roadmap in 2019, which provided foundational guidance to financial institutions on managing environmental, social, and governance (ESG) risks while encouraging financing for green and inclusive economic activities.
In light of evolving global developments, increasing access to climate-focused financing, and broader recognition of the social dimension of sustainability, CBSL developed the Sustainable Finance Roadmap 2.0 for the period 2025–2029, with technical and financial support from the International Finance Corporation (IFC) in partnership with the European Union, under the Accelerating Climate-Smart and Inclusive Infrastructure in South Asia (EU-ACSIIS) programme.
The Roadmap 2.0 was crafted in close collaboration with key stakeholders, including Securities and Exchange Commission of Sri Lanka (SEC), the Insurance Regulatory Commission of Sri Lanka (IRCSL), the Colombo Stock Exchange (CSE), the Sri Lanka Banks’ Association (SLBA), The Finance Houses Association of Sri Lanka (FHA), financial institutions and government bodies.
Focusing on Sri Lanka’s financial sector, the Roadmap 2.0 outlines a comprehensive set of prioritised actions for banking, non-banking, capital market, and insurance sectors. These actions are geared toward financing sustainable development, strengthening the management of environmental and social risks, enhancing reporting and disclosures, and improving governance and coordination across institutions.
The launch event was attended by distinguished guests including Gevorg Sargsyan, Country Manager for World Bank and IFC in Sri Lanka; officials of IFC and EU; Ministerial secretaries and senior officials of government institutions; national and international experts on sustainability; representatives of financial institutions and partner agencies.
Communications Department 05.05.2025 2 Delivering the keynote address, Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, emphasised that the launch of Sustainable Finance Roadmap 2.0 marks a vital step in strengthening the resilience and inclusiveness of Sri Lanka’s financial sector amid growing climate and social challenges. He highlighted the need for urgent, coordinated action to integrate climate risk into financial decision-making and called for strong stakeholder collaboration to ensure effective implementation of the Roadmap 2.0.
Speaking at the event, Gevorg Sargsyan, Country Manager for World Bank and IFC in Sri Lanka, noted that as Sri Lanka strives for resilient and inclusive growth, sustainable finance will be crucial in creating jobs and driving economic expansion, while also positioning the country to be investment ready. He further highlighted that building a truly sustainable financial ecosystem in Sri Lanka is a collective endeavor – one that IFC has been a part of from inception, and remains committed in working together with the Central Bank of Sri Lanka and industry stakeholders to bring the shared vision of the Sustainable Finance Roadmap 2.0 to fruition.
The keynote was followed by a session providing an overview of the Sustainable Finance Roadmap 2.0, led by Ms. W. A. Dilrukshini, Assistant Governor of CBSL, and Ms. Wei Yuan, ESG Officer of IFC. A panel discussion on “Rolling Out the Sustainable Finance Roadmap 2.0” featured Dr. Thusitha Sugathapala, National Technical Expert on Sustainability; Ms. S. Ketawala, Additional Director of the Bank Supervision Department of CBSL; Thimal Perera, Chief Executive Officer of DFCC Bank; and Ms. Nilupa Perera, Chief Regulatory Officer -Designate of CSE.
The Sustainable Finance Roadmap 2.0 can be accessed using the following link:
https://www.cbsl.gov.lk/sites/default/files/cbslweb_documents/sustainable_finance_roadmap_2.0.pdf
Business
Browns Investments expands plantation sector with another Lkr 4.8 billion acquisition

Browns Investments PLC (BIL), the investment arm of the LOLC Group, has announced a significant expansion of its plantation portfolio with the acquisition of FLMC Plantations (Pvt) Ltd (FLMC). The acquisition was completed on May 5, 2025, through a Share Sale and Purchase Agreement with Damro Manufacturing (Pvt) Ltd and Piyestra Furniture (Pvt) Ltd, for a total consideration of LKR 4.8 billion.
FLMC Plantations serves as the holding company and managing agent for Pussellawa Plantations Ltd (PPL) and Melfort Green Teas (Pvt) Ltd. PPL operates over 11,500 hectares of land across 24 estates, managing 5,400 hectares of tea, 5,900 hectares of rubber, and 200 hectares of minor crops. The estates collectively produce 4.3 million kilograms of made tea and 2.3 million kilograms of rubber annually. Strategically located in Sri Lanka’s renowned tea-growing regions, including Pussellawa, Udupussellawa, Nuwara Eliya, Kandy, Ruhuna, and Sabaragamuwa, these estates will further enhance BIL’s presence in the country’s agricultural landscape.
Commenting on the acquisition, the Group Managing Director/ CEO of LOLC Holdings PLC, Kapila Jayawardena stated, “Over the past two decades, LOLC Group has been guided by a bold vision of expansion and diversification, positioning ourselves as a global powerhouse across multiple sectors. Our acquisition of FLMC Plantations through Browns Investments PLC is another key milestone in strengthening our leadership in agriculture and plantations. With the addition of Pussellawa Plantations and Melfort Green Teas, we are not only expanding our footprint in Sri Lanka’s premier tea-growing regions but also enhancing our ability to supply premium-quality tea to global markets.’’
Business
VFS Global acquires majority stake in CiX Citizen Experience to create a centre of excellence

Supercharged Growth: VFS Global’s partnership will accelerate CiX’s expansion across Brazil, Latin America, and beyond.
Global Powerhouse: With VFS Global’s capital, technology, talent and scale, CiX Citizen Experience will bring new products and technology to the global marketplace.
Quality of Life Commitment: Both companies are dedicated to innovative solutions, including the use of AI, that improve citizens’ quality of life
Local Impact with Wider Reach: Collaboration to modernise services for citizens of Brazil by creating a centre of excellence that stands as a global example.
VFS Global, the global leader in trusted technology services, empowering secure global mobility for governments and citizens, has completed the acquisition of a majority stake in CiX Citizen Experience, a leading provider of digital and physical citizen services based in Brazil. This strategic acquisition marks a pivotal step in VFS Global’s expansion journey—particularly across Latin America (LATAM)—as it continues to broaden its capabilities and deepen its impact in the public service delivery space.
With nearly two decades of pioneering innovation in citizen services, CiX has established a strong presence in Brazil. This success will be further scaled across LATAM and other global markets, leveraging VFS Global’s international reach and operational excellence.
This acquisition is centred on driving transformation through advanced digital technologies, including AI and data-driven platforms. By uniting CiX’s cutting-edge digital capabilities with VFS Global’s extensive global infrastructure and expertise in managing complex service ecosystems, we are positioned to deliver next-generation, integrated solutions to public and private sector clients around the world.
For both companies’ client governments and partners, this will lead to enhanced, tailored solutions that improve citizen engagement, access, and satisfaction.
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