Dubai aims to be Islamic economic hub by 2016

Sunday, 06 October 2013 - 14:14


The Gulf emirate of Dubai announced an ambitious plan to establish itself as the main global centre for Islam-compliant products and services within 3 years.


The glitzy city-state, which has already established itself as a global hub for air transport and transit trade, as well as a regional financial centre, is hoping to be the pivot of the large and widespread Islamic economy.

Colombo stock market down
Thursday, 02 July 2020 - 8:58

The Colombo Stock Exchange's Price Index fell yesterday, the All Share Price Index (ASPI) closed at 5,148.41 at the end of the day.32.2 million shares... Read More

Inflation drops to 3.9% in June
Wednesday, 01 July 2020 - 23:19

The Central Bank said inflation in June fell to 3.9 percent from 4 percent in May.The month-over-month change in the Colombo Consumer Price Index (CCPI)... Read More

Commercial Bank of Ceylon PLC - issue of shares by way of a private placement to International Finance Corporation (IFC)
Tuesday, 30 June 2020 - 13:33

It has been reported that the board of directors of Commercial Banks of Ceylon PLC has resolved to issue up to 125,000,000 ordinary voting shares of the... Read More