Saudi Arabia tightens anti-crime oversight on UAE bound bank transfers
Saudi Arabia has reportedly imposed tighter anti-money-laundering and financial-crime checks on bank transfers to the UAE, causing some payments toContinue Reading
Category: Business
Iran issues demands for reopening of Strait of Hormuz
Dubai (AFP) – Iran set preconditions on Saturday for a reopening of the Strait of Hormuz, including compensation for war damages,Continue Reading
Sri Lanka jolts markets with outsized 100-b.p rate hike to counter Gulf crisis
COLOMBO, May 26 (Reuters) – Sri Lanka’s central bank stunned markets by raising its benchmark policy rate by an outsizedContinue Reading
Middle East conflict hits Sri Lanka’s tea industry, heightens economic strain
COLOMBO, May 21 (Reuters) – Tea factory worker Jacintha Malar once relied on cooking gas to prepare meals for herContinue Reading
India scrambles to steady rupee as oil shock bites
(AFP)-India is scrambling to salvage a sinking rupee as surging oil prices linked to the Middle East conflict threaten toContinue Reading
Authorities search waters in the Maldives for bodies of Italians who died in cave dive accident
MALE, Maldives (AP) — Maldivian authorities conducted a high-risk search Friday for the bodies of four Italian divers who diedContinue Reading
Vietnam seeks deeper defence, trade ties with Sri Lanka
(AFP)-Vietnam’s top leader To Lam called for deeper defence and trade ties with Sri Lanka on Friday, noting the SouthContinue Reading
Sri Lanka probes missing $625,000 postal payment to USPS
COLOMBO, April 28 (Xinhua) — Sri Lankan authorities have initiated an investigation into a foreign currency payment made by theContinue Reading
UAE announces it will leave Opec
The world’s seventh-largest oil producer will exit the bloc on May 1, allowing it to gain greater ‘flexibility to respondContinue Reading
Hackers steal $2.5 million from Sri Lanka’s Finance Ministry
COLOMBO, Sri Lanka (AFP)– Cybercriminals hacked into the Sri Lankan Finance Ministry’s computer system and siphoned off US$2.5 million, the governmentContinue Reading
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