Sri Lanka’s January trade deficit at $965.5m
Colombo - Arabstoday
Sri Lanka’s January trade deficit rose 49.7 per cent to $965.5 million year-on-year, central bank data showed on Monday. Gross official reserves fell 2.5 per cent to $5.81 billion in January from $5.96 billion a month ago and were sufficient to finance 3.4 months of imports. The central bank heavily spent reserves to defend the rupee currency in the second half of 2011. Sri Lanka suffered a record trade deficit of $9.7 billion last year, prompting the central bank to raise policy rates and allow flexibility in the exchange rate by not intervening in the market.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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