News
Sri Lanka and UAE sign agreement to Strengthen Economic and Investment Relations
Coinciding with the President’s three-day official visit to the United Arab Emirates (UAE) to attend the World Governments Summit 2025, Sri Lanka and the UAE reached an agreement on Reciprocal Promotion and Protection of Investments to strengthen economic and investment relations between the two countries.
The agreement was signed by Mohamed Bin Hadi Al Hussaini, UAE’s Minister of State for Financial Affairs, and Vijitha Herath, Sri Lanka’s Minister of Foreign Affairs.
This bilateral agreement establishes a secure legal framework to expand investment opportunities in global markets while ensuring the protection of foreign investments.
The purpose of this agreement is to facilitate and strengthen foreign investments between the two nations by ensuring investor rights protection, promoting economic cooperation, and establishing comprehensive investment protection mechanisms, dispute resolution frameworks, and policy structures. This agreement will also contribute to strengthening global economic partnerships and creating opportunities for exploring new investment prospects in Sri Lanka.
This agreement underscores the importance of bilateral economic development and financial stability while demonstrating the commitment of both the United Arab Emirates and Sri Lanka to strengthening economic cooperation. It aims to foster trade and business expansion in Sri Lanka while promoting a transparent and stable investment environment.
Furthermore, this agreement also highlights Sri Lanka’s commitment to enhancing Foreign Direct Investment (FDI) and fostering a more attractive investment landscape. By enhancing investor confidence, it is expected to generate new business opportunities and contribute to economic progress as well as reinforce the long-term partnership between the UAE and Sri Lanka, facilitating sustainable investments and advancing trade and financial collaborations between the two countries.
INS Sindhukesari, a submarine serving in the Indian Navy, arrived at the port of Colombo on 03 May 26 to undertake Operational Turnarounds.
The visiting submarine was welcomed by the Sri Lanka Navy in precision with naval traditions.
Throughout its stay in the island, the submarine’s crew is scheduled to participate in a variety of programmes organized by the Sri Lanka Navy, including visits to several tourist attractions in Sri Lanka.
Mikhail Murashko, Minister of Health of the Russian Federation, officially visited the Russian House in Colombo to attend the Sri Lanka–Russia Medical Forum, where members of the Sri Lanka Russia Business Council and graduates from the Association of Sri Lankan Graduates from Socialist countries (ASLGSC) attended.
This historic gathering was graced by rectors and representatives from several world-class Russian medical institutions, including Kursk State Medical University, Sechenov First Moscow State Medical University, and Tver State Medical University, among others.
The forum commenced with an address by Minister Murashko, during which Russian medical graduates in attendance raised pertinent questions regarding medical and pharmaceutical sector opportunities in Sri Lanka.
Levan Dzhagaryan, Ambassador of the Russian Federation to Sri Lanka and the Maldives, together with Madam Maria L. Popova, Counsellor of the Embassy of the Russian Federation in Sri Lanka & the Maldives and Director of the Russian House in Colombo, graced the occasion. Both officials expressed strong support for continued collaboration and future initiatives between the two nations.
The official appointment letters for the members of the newly established “Cricket Transformation Committee” (CTC) were handed over on Monday (04) by the Minister of Youth Affairs and Sports, Sunil Kumara Gamage.
The following members received their letters of appointment at the Ministry premises:
Sidath Wettimuny
Thushira Radella
Prakash Schaffter
Ms. Avanthi Colombage
The Ministry also noted that veteran cricketers Roshan Mahanama and Kumar Sangakkara, who are key members of the committee, are currently overseas. Their official appointments will be formalised immediately upon their arrival in Sri Lanka.
The Cricket Transformation Committee has been mandated to oversee the administration and drive structural reforms within Sri Lanka Cricket (SLC) in accordance with the powers vested in the Minister under the Sports Act No. 25 of 1973.
INS Sindhukesari arrives in Colombo
Minister of Health of the Russian Federation attends the Sri Lanka–Russia Medical Forum
Members of Sri Lanka Cricket Transformation Committee Officially Appointed
Three prison guards arrested following the death of an inmate
Showers or thundershowers will occur at most places of the island after 1.00 pm.
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