Saudi firms invited for export development forum in Lanka

Updated 06 September 2016
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Saudi firms invited for export development forum in Lanka

RIYADH: The “16th World Export Development Forum (WEDF) is scheduled to be held in  Colombo, Sri Lanka, from  Oct. 12 to 13 under the theme of ‘Trade for Success: Connect, Compete, Change’.
The World Export Development Forum (WEDF) is an annual flagship event of the International Trade Center (ITC), Geneva, which brings together around 400 business practitioners from around the world to debate and identify practical solutions that contribute to trade-led inclusive sustainable development.
A special feature of WEDF 2016 in Colombo is a schedule of dedicated Business to Business (B2B) meetings for which over 100 Sri Lankan companies from the sectors mentioned below will be participating.
This will offer an excellent platform for Saudi Companies to meet business partners from Sri Lanka.
Special incentives such as a 25 percent discount on airfare on Sri Lankan Airlines and concessionary accommodation for 3 nights, etc. will be offered for potential Saudi businesses.
The sectors in focus are: information and communication technologies (ICTs), apparels, tourism, rubber-based products,
specialty food: tea and spices, manufacturing products and processed food.
South Asia’s most focused and largest international Boat Show and Fisheries Exhibition 2016 will also be held from Oct. 13 to Oct. 15 in Colombo and participants of the World Export Development Forum will be given an opportunity to visit this event as well.
Presentations on Investment opportunities in Sri Lanka and Sri Lanka product Exhibitions will also take place in parallel to WEDF 2016.
Investors and companies interested in taking part in these events can contact Gayan Rajapaksa/commercial secretary/Embassy of Sri Lanka in Riyadh (Tel: 011 4608251, mobile: 050 4481634 fax: 011-4608846, and e-mail: [email protected]/[email protected])


Iran says no OPEC member can take over its share of oil exports -SHANA

Updated 19 August 2018
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Iran says no OPEC member can take over its share of oil exports -SHANA

  • Senior Iranian diplomat urges OPEC’s secretary general to keep the group away from the political agenda of some members
  • Iran has asked OPEC to support it against new US sanctions

LONDON: A senior Iranian diplomat urged OPEC’s secretary general to keep the group away from the political agenda of some members and said none should be allowed to take over another’s share of its oil exports, Tehran’s oil ministry news agency said on Sunday.
“No country is allowed to take over the share of other members for production and exports of oil under any circumstance, and the OPEC Ministerial Conference has not issued any license for such actions,” SHANA quoted Kazem Gharibabadi, Iran’s permanent envoy to Vienna-based international organizations was quoted as saying.
Iran has asked OPEC to support it against new US sanctions and signalled it is not yet in agreement with Saudi Arabia’s views on the possible need to increase global oil supplies.