Riyadh, Saudi Arabia - Saudi Ministry of Human Resources and Social Development (MHRSD) announced on Monday that it has cut the upper limit of fees for recruiting domestic workers from a number of countries. These countries include the Philippines, Sri Lanka, Bangladesh, Uganda, Kenya, and Ethiopia. The initiative comes within...

New Delhi, India - Dramatic drone footage showing Indian commandos hunting pirates after an attack in the Arabian Sea illustrates New Delhi's "significant" expansion of a muscular maritime force reflecting global ambitions, analysts say. The commandos, deployed this month from an Indian-built warship after an attempted hijacking of a merchant bulk...

Crunching data compiled on Chinese financing of almost 21,000 projects across 165 countries, AidData said Beijing had now committed aid and credit "hovering around $80 billion a year" to low and middle-income nations. The United States, in contrast, has provided $60 billion to such countries a year. "Beijing is navigating...

COLOMBO, SRI LANKA - Crisis-hit Sri Lanka's economy shrank by 11.5 percent in the first quarter just before an IMF bailout kicked in, official figures showed Thursday. The contraction in the first three months compared with shrinkage of 0.5 percent in the corresponding period of 2022, and a decline of 12.4...

Colombo, Sri Lanka--Sri Lanka's president said Tuesday that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to an International Monetary Fund bailout. China's state-owned Exim Bank "sent a letter to the IMF" on Monday night expressing Beijing's willingness to "restructure" credit to Sri...

The UAE delegation attended the fifth day of high-level meetings on the sidelines of the 77th Session of the United Nations General Assembly.

The region has invested billions of dollars across sectors in the South Asian nation as recent past witnessed an expansion in economic and trade relations between the two sides.

Sri Lanka's embattled president flew out of his country to the Maldives early Wednesday, in a probable prelude to his resignation after months of widespread protests against his island nation's worst-ever economic crisis.

Kuwait's Foreign Ministry has called on nationals who are currently in Sri Lanka to keep away from protest areas, heed instructions of local authorities and leave the country as soon as possible. In a press statement on Saturday, the ministry also advised nationals who are planning to travel to Sri...

Under the rule of the Rajapaksa clan, Sri Lanka moved closer to China and borrowed billions of dollars for vanity projects like cricket stadiums and airports as well as a deep-sea port since leased to Beijing. Its coffers further depleted by government tax cuts.

Hammered by a foreign exchange crisis, the country's 22 million people have been enduring acute shortages of essentials.

Cash-strapped Sri Lanka imposed fuel rationing on Friday in another worsening of the economic crisis that has sparked widespread demonstrations calling for President Gotabaya Rajapaksa's resignation.

Sri Lanka's snowballing economic crisis began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances.

The island's economic woes have left thermal power generators unable to keep the lights on, as traders run desperately low on foreign currency to fund imports.

Foreign Minister of Sri Lanka Gamini Lakshman Peiris said that Expo 2020 Dubai is a great opportunity and a world-class platform to promote his country as a major tourist attraction. During Sri Lanka’s National Day celebrations at Expo 2020 Dubai, Peiris noted that the warm hospitality shown to tourists by...

The Saudi Fund for Development is investing USD60 million to develop the infrastructure of the transport sector to reduce death and injury rates resulting from traffic accidents.

Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million, Iranian media reported Thursday. "In recent negotiations, we reached a written deal to reimburse Iran's debt and interest on it in the form of a monthly shipment of tea produced in...

Etihad extends suspension of passenger travel from India, Pakistan, Bangladesh, Sri Lanka from Aug 2 to Aug 7.