Showing posts with label UAE. Show all posts
Showing posts with label UAE. Show all posts

31 May 2011

UAE Foreign Trade Minister Lubna Al Qasimi Meets Sri Lankan Minister for Trade & Industry to Discuss Trade & Investment

23rd May 2011, www.wam.ae

Foreign trade Minister Sheikha Lubna Al Qasimi discussed here today at the ministry with Sri Lankan Minister for Trade and Industry Rashad Badi Al-Din, the bilateral relations and ways to boost them in the areas of trade and investment.

The two sides discussed ways to bolster business communities in both countries to benefit from potential opportunities. They praised the progress of the bilateral relations, especially in the field of trade, citing that the trade between the two countries grew by 9.3 per cent last year to $364 million.

Sheikha Lubna stressed the keenness of the UAE to boost the trade with Sri Lanka, indicating that both countries enjoy a variety of cooperation opportunities. She referred to the importance of encouraging the private sector in both countries to benefit from the economic opportunities.

For his part, the Sri Lankan minister stressed the keenness of his country to boost joint cooperation, and benefit from the successful UAE developmental experience.

Related Info :

UAE Foreign Trade Minister to Visit Sri Lanka with a High Powered Business Delegation

05 February 2011

UAE Sri Lanka Trade to Expand with Unconventional Products at Dubai International Boat Show & Gulfood 2011

05th February 2011, www.khaleejtimes.com

Sri Lanka is introducing unconventional products to its export basket, according to the country’s new Consul General in Dubai.

M. M. Abdul Raheem said that Sri Lanka would be showcasing its expertise in boat making with its first-ever participation in the Dubai International Boat Show being held from March 1- 5, 2011, at the Dubai International Marine Club, Mina Seyahi.

“We have a strong boat building industry and we must introduce it to the world,” Abdul Raheem told members of the Sri Lanka Business Council at a reception hosted on Thursday to celebrate the 63rd Independence Day of their country and to welcome him as took charge in Dubai only some three weeks ago.

“We, the consulate and business community, will work together to promote our unconventional items alongside our conventional products, like tea. In addition, we will also join hands for the growth of investment and tourism,” he said.

Abdul Raheem said that 20 companies from Sri Lanka are also taking part in the Gulfood 2011 exhibition and conference taking place in Dubai from February 27 to March 2. A delegation from Sri Lanka would also visit Dubai during the event, he said.

He said that the total trade volume between the two countries stood at $550 million, of which exports from Sri Lanka, mainly tea, were $220 million. “We can increase our tea exports, improve our export basket and build the private sector in both countries,” he said.

Farook Qasim, Chairman of Sri Lanka Business Council, said that the council has redone its constitution. The seven office bearers are now members of the board of directors with three ex-officio members. The term of office is extended from one to two years.

The reception was attended by Sri Lankan Ambassador to the UAE, Sarath Wijesinghe.

The Sri Lankan Ambassador to the UAE, Sarath Wijesinghe, told Khaleej Times that an important element of the foreign policy of Sri Lankan President Mahinda Rajapaksa is to develop a new rapport with the Middle East and Gulf countries.

He said that in line with the president’s new vision, the country’s missions abroad have been told to break the traditional shell in working for the development of the country.

The envoy said that his priority would be to develop close relations between the peoples and the leaders of the two nations and to promote the sectors of tourism, investment, education and employment generation.

He said that 60 percent of the 250,000 Sri Lankans in the UAE were domestic helpers and his priority is to gradually bring down their number and to replace them with educated skilled workers who have good knowledge of Arabic and English languages.

“Our country is thankful to the domestic helpers who have done enough to support their country’s economy,” Wijesinghe said. “Sri Lanka is not a poor country any more. Domestic helpers have good job opportunities in their home country. We need them there,” he added.

He said that the Sri Lankan government planned to teach Arabic and English to the young educated workers before sending them to the Middle East for employment.

“The knowledge of these languages would serve as an advantage for these workers,” Wijesinghe said, adding that the UAE was ready to help teach Arabic to Sri Lankan workers in their country.

Related Info :
Sri Lanka Boat Building Sets a Target of Rs 8bn
Colombo Dockyard Delivers 2nd Passenger Vessel to Administration of Union Territories of Lakshadweep, India
Sri Lanka Boatyard Solas Marine Delivers Trawler for Africa. Plans to Supply Patrol Boats to Indian Navy

17 January 2011

UAE Foreign Trade Minister to Visit Sri Lanka with a High Powered Business Delegation

11th January 2011, www.sundaytimes.lk, By Bandula Sirimanna

In a bid to explore investment opportunities in Sri Lanka, Foreign Trade Minister of United Arab Emirates (UAE) Sheikha Lubna Bint Khalid Al Qasimi will be visiting Sri Lanka along with a high powered business delegation in the next two months.

Tourism, health and education sectors have lot of potential and these sectors could be promoted with UAE investment, a senior official of the Ministry of Trade in UAE, Dawood Al Shezawi told the Business Times on the sidelines of a seminar on investment promotion between Sri Lanka and the UAE, in Colombo this week.

He added that the UAE can assist Sri Lanka in attracting high spending UAE travellers specially families including children to the island.

Mr Al-Shezawi expressed his willingness to assist Sri Lanka to hold an international investment meeting, accepting a proposal made by Tissa Jayaweera, President of the Federation of Chambers of Commerce and Industry of Sri Lanka who said that Sri Lanka has the potential and resources to attract more foreign investment by hosting high level investment meetings. Data from Sri Lanka's Board of Investment shows direct investment from UAE-based firms exceeded US$ 100 million in the recent times creating employment opportunities for around 90,000 Sri Lankans.

Two UAE's Ministry of Trade officials - Mr Al Shezawi and Emaad Ishaq - who attended the seminar as special guests during their 24-hour trip to Sri Lanka extended an invitation on behalf of the UAE Government to the local business community to attend an annual investment meeting in Dubai from May 10 to 12.

26 February 2010

Sri Lanka Etisalat unit says to expand 'aggressively'

25th February 2010, www.lankabusinessonline.com

Etisalat's new Sri Lankan mobile subsidiary said it plans to expand coverage to cover the entire island, offer high speed links and use its international group network to give preferential rates to win customers.

"We're here to stay in Sri Lanka," Etisalat group chief marketing officer Essa Al Haddad told a news conference held to announce the launch of services under the new brand.

"As investors and telecom service providers we're here for the long term."

Etisalat, the United Arab Emirates-based telecom firm, acquired 100 percent of the Sri Lanka operation called Tigo from Millicom International in October 2009 and has renamed it Etisalat Lanka.

The celco is the third-largest mobile telephony operator in Sri Lanka with 2.5 million customers and an estimated market share of around 20 percent.

Etisalat Lanka chief executive Dumindra Ratnayaka said the company will set up more base stations to expand coverage throughout the island, including the north and east which are recovering from a war.

The island's 30-year ethnic war ended in May 2009, resulting in an economic revival.

Etisalat Lanka has already have set up eight base stations in the north and will launch operations in the northern Jaffna peninsula on Friday, Ratnayaka told the news conference.

"We will aggressively start rolling out our base stations from March," he said.

"We will roll out 450 2G base stations, mostly in the north and east, to fill any gaps we have, increasing the number of stations to 1,500 in the next six months."

Of the new 2G base stations, 100 will be in the north and east.

The firm will also set up 500 3G base stations offering higher speeds over the same period.

Ratnayaka said the company will also promote its international roaming services making use of the group network which has 100 million subscribers in 18 countries in the Middle East, Asia and Africa.

"Our group presence helps us to give preferential rates, packages and services," Ratnayaka said.

"When roaming within the group network we will offer preferential rates, which will vary from network to network; for instances in some networks incoming calls will be free."

Etisalat Lanka also intends to capture market share by exploiting the presence of Sri Lankan migrant workers in the Middle East.

"The UAE is host to many communities and nationalities including Sri Lankans who have a lot of connections with Sri Lanka," group chief marketing officer Essa Al Haddad said.

He also said Etisalat's ownership of the company will enable it to benefit from economies of scale. "We can provide scale - such as in accessing technical resources and in buying equipment."