Sri Lanka, UAE agree to boost economic ties, investment during Dissanayake visit

Special Sri Lanka, UAE agree to boost economic ties, investment during Dissanayake visit
UAE Prime Minister Mohammed bin Rashid Al-Maktoum and Sri Lankan President Anura Kumara Dissanayake shake hands as they meet on the sidelines of the World Governments Summit in Dubai on Feb. 12, 2024. (WAM)
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Updated 13 February 2025

Sri Lanka, UAE agree to boost economic ties, investment during Dissanayake visit

Sri Lanka, UAE agree to boost economic ties, investment during Dissanayake visit
  • Sri Lanka president was in Dubai to address the World Governments Summit
  • UAE was Sri Lanka’s 8th largest source of foreign direct investment in 2019

COLOMBO: Sri Lanka and the UAE have signed an agreement to strengthen economic ties during President Anura Kumara Dissanayake’s first visit to the Middle East, his office said on Thursday as the island nation seeks to attract more foreign investment.

Dissanayake, who secured the country’s top job in September, returned to Colombo on Thursday after addressing the main session of the 2025 World Government Summit in Dubai and meeting with other world leaders, including UAE Prime Minister Mohammed bin Rashid Al-Maktoum.

The UAE visit was his third international presidential trip, after India and China.

In Dubai, Sri Lanka and the UAE reached an agreement on reciprocal promotion and protection of investments, the president’s media division said in a statement.

“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,” it said.

The deal was signed by Sri Lanka’s Foreign Minister Vijitha Herath and the UAE’s Minister of State for Financial Affairs Mohamed Bin Hadi Al-Hussaini.

It is expected to “contribute to strengthening global economic partnerships and creating opportunities for exploring new investment prospects in Sri Lanka.”

The island nation of 22 million people is still struggling to emerge from the 2022 economic crisis — the worst since its independence in 1948 — and the austerity measures imposed under a bailout deal with the International Monetary Fund.

Under Dissanayake, Sri Lanka’s new left-leaning government is working to fulfill his campaign promises of sweeping reforms, including to revive the economy.

Its latest deal with the UAE is part of the country’s “commitment to enhancing Foreign Direct Investment (FDI) and fostering a more attractive investment landscape,” the president’s media division said.

In 2019, the UAE was the 8th largest source of FDI in Sri Lanka.

M. Shiham Marikar, secretary-general of the National Chamber of Exporters of Sri Lanka, said the agreement offers “substantial benefits” for Sri Lankan businesses.

“This partnership is a vital step toward fostering economic growth, securing foreign investments, and strengthening trade relations between Sri Lanka and the UAE,” Marikar told Arab News.

“One of the most significant advantages is enhanced market access to the UAE and the broader Middle Eastern region … The agreement also paves the way for new partnerships and joint ventures, particularly in high-potential sectors like tourism and real estate. Moreover, Sri Lankan businesses, especially SMEs, will benefit from greater access to foreign capital, funding opportunities, and new markets.”


Germany cracks down on Muslim groups viewed as threats to its constitutional order

Germany cracks down on Muslim groups viewed as threats to its constitutional order
Updated 59 min 3 sec ago

Germany cracks down on Muslim groups viewed as threats to its constitutional order

Germany cracks down on Muslim groups viewed as threats to its constitutional order
  • Interior Ministry: Muslim Interaktiv represents a threat to the country’s constitutional order by promoting antisemitism and discrimination against women and sexual minorities
  • The group is known for a savvy online presence used to appeal especially to young Muslims

BERLIN: The German government on Wednesday banned a Muslim group, accusing it of violating human rights and the country’s democratic values, and conducted raids against two other Muslim groups across the country.
The Interior Ministry said the organization which it banned, Muslim Interaktiv, represented a threat to the country’s constitutional order by promoting antisemitism and discrimination against women and sexual minorities.
The group is known for a savvy online presence used to appeal especially to young Muslims who may feel alienated or discriminated against in Germany’s Christian majority society.
The German government argued the group was a particular threat because it promoted Islam as the sole model for the social order and maintained that Islamic law should take precedence over German law in regulating life in the Muslim community, including in areas such as the treatment of women.
The German government has in recent years been acting more forcefully against extremism, and banned several extremist groups – including several far-right and Muslim organizations. The crackdown comes after a spate of attacks, both by Muslim extremists and far-right groups plotting to overturn the country’s order.
“We will respond with the full force of the law to anyone who aggressively calls for a caliphate on our streets, incites hatred against the state of Israel and Jews in an intolerable manner, and despises the rights of women and minorities,” German Interior Minister Alexander Dobrindt said.
The ministry also announced that investigations were underway against two other Muslim groups, Generation Islam and Reality Islam.
“We will not allow organizations such as Muslim Interaktiv to undermine our free society with their hatred, despise our democracy, and attack our country from within,” the minister added.
The ministry said in its statement that the group “is particularly opposed to gender equality and freedom of sexual orientation and gender identity.”
“This expresses an intolerance that is incompatible with democracy and human rights,” it added.
Authorities on Wednesday searched seven premises in the northern city of Hamburg, and also conducted searches in 12 premises in Berlin and the central German state of Hesse in connection with the other two groups under investigation.
The government said Muslim Interaktiv sought to indoctrinate as many people as possible and “thus create permanent enemies of the constitution in order to continuously undermine the constitutional order.”
The interior state minister of Hamburg, Andy Grote, where the group was especially active, applauded the ban and called it a blow against “modern TikTok Islamism,” according to German news agency dpa.
In a recent report, the domestic intelligence service of Hamburg wrote that in their online posts and videos, the leaders of Muslim Interaktiv addressed socially relevant topics in order to exploit them “to portray a supposedly ongoing attitude of rejection by politics and society in Germany toward the entire Muslim community,” dpa reported.
Ahmad Mansour, a well-known activist against Muslim extremism in Germany, wrote on X that “it is right and necessary that Interior Minister Dobrindt has banned this group.”
Muslim Interaktiv, Mansour wrote, “is part of an Islamist network that has become significantly more aggressive and dangerous in recent months. They carry out intimidation campaigns, specifically mobilize young people, and attempt to indoctrinate them with Islamist ideology.”
The online presence of Muslim Interaktiv seemed to have been taken down on Wednesday morning and the group could not be reached for comment.