Dubai is among the most expensive cities globally in terms of cost of living for expat families and the price of a cup of coffee but performs more favourably for purchasing power and millennial products, according to a study by…
Category: Business
Bahrain plans 10-year visa for investors
The government of Bahrain is working on a draft law to create a new self-sponsored residency visa for foreign investors. The island kingdom’s Crown Prince Aalman bin Hamad Al Khalifa instructed the minister of interior to prepare the legislation, Bahrain…
US-Australia-Brazil try hijacking Doha agri-talks from core mandates
Geneva, 28 May (D. Ravi Kanth) – The United States, Australia, and Brazil attempted last week to hijack the Doha agriculture negotiations from the core ministerial mandates, but the large majority of developing countries, including China, India, Indonesia, and Egypt,…
China-South Africa for strengthened TRIPS flexibilities
Geneva, 29 May (D. Ravi Kanth) – China and South Africa have upped the ante for strengthening the flexibilities in the World Trade Organization’s Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement based on the repo rt prepared by the…
Islami Bank opens its first Women’s Branch in Mirpur, Dhaka
Dhaka, May 30 – The Islami Bank Bangladesh Limited inaugurated its 333 rd and 1st Women Branch named Mirpur Women Branch at Rupnagar of Mirpur, Dhaka on 30 May 2018, Wednesday.
Islami Bank Foundation organises discussion and Iftar Mahfil
Dhaka, May 30 – The Islami Bank Foundation organized a discussion on ‘Significance of Ramadan’ and hosted Iftar honoring its Doctors and consultants in a local hotel of the capital on 30 May 2018, Wednesday.
High Court unhappy at slow progress of Basic Bank scam case
Dhaka, May 30 – The High Court on Wednesday expressed disappointment over the slow progress of the Basic Bank scam’s investigation and said that it could not do anything if the state watch-dog body played a silent role over the…
BB instructions to arrest increasing trend in bank credit
Bangladesh Bank (BB) today issued new instructions for banks to avoid the increasing trend of lending rate.
First flight lands at new King Abdul Aziz International Airport
Jeddah’s new King Abdul Aziz International Airport (KAAIA) welcomed its first commercial flight on May 29, as part of the soft launch of operations at the new facility. The airport will have a four-phase launch with the official opening in…
Farmers’ Bank official’ bail prayer rejected
Dhaka, May 29 – The Senior Judge Court of Dhaka yesterday (Tuesday) rejected the bail petition of Mahbubul Haque Chisti (Babul Chisti), former Chairman of the Audit Committee of the Farmers Bank. Advocate Kazi Nazibullah Hiro conducted the hearing on…
Time for multilateral corporate trust buster, says UNCTAD
Geneva, 25 May (Kanaga Raja) – Rising market concentration and corporate rentierism in core sectors of the global economy are a major driver of growing global income inequality, according to the UN Conference on Trade and Development (UNCTAD).
Public-private pacts open door to climate finance in Rwanda
By Ahn Mi Young Busan, May 26 2018 (IPS) – The Global Green Growth Institute (GGGI) presented the African model of a National Financing Vehicle in which the governments of Rwanda and Ethiopia have successfully promoted green growth and climate…
Islami Bank – TRANSFAST Eid Campaign – inaugurated
Dhaka, May 28 – The Islami Bank Bangladesh Limited and TRANSFAST Remittance, LLC, USA has jointly inaugurated Eid offer Campaign on 27 May 2018, Sunday at Islami Bank Tower.
IBBL FX branch holds a discussion on Siam, Iftar
Dhaka, May 27 – The Foreign Exchange Corporate Branch of Islami Bank Bangladesh Limited organized a discussion on Siam, Taqwa, and Ramadan and hosted an Iftar Mahfil at Islami Bank Tower on Wednesday, 23 May 2018.
Massive beach clean-up for Hong Kong sea turtles
HONG KONG,(BSS/AFP) – More than two thousand volunteers hit the beach on an outlying island of Hong Kong for a mass rubbish clean up Sunday as environment campaigners warned plastic is killing sea turtles and other wildlife.
Dipon murder case report deferred to July 3
Dhaka May 27 – The Chief Metropolitan Magistrate (CMM) Court of Dhaka on Sunday deferred the investigation report in the Faisal Arefin Dipon murder case to July 3.
Maintain environment standard at economic zones: PM Hasina
Prime Minister Sheikh Hasina on Sunday asked the Bangladesh Economic Zones Authority (Beza) to strictly maintain the environmental issues while establishing industries in the country’s economic zones.
New bank notes of lower denominations from June 3
Bangladesh Bank (BB) will release new currency notes for Taka 10, 20, 50 and Taka 100 in the market ahead of Eid-ul-Fitr from June 3.
Saudi Binladin Group to be renamed
Saudi Binladin Group will be slimmed down and renamed, six sources familiar with the matter said, after the government seized management control of the construction giant from family members that were swept up in an anti-graft drive. The moves would…
SC order on Destiny 2000 winding up Monday
Dhaka, May 27 – The Appellate Division of Supreme Court will deliver its order Monday on an appeal against a High Court notice asking the authorities concerned to explain to why directives should not be given to wind up Destiny…
Chinese investors see Bangladesh an attractive place
Highly appreciating Bangladesh for improving business-friendly environment, a group of Chinese investors said Bangladesh is now an attractive destination for Chinese investments.
Riyadh to replace riyal notes with coins
The Saudi Arabian Monetary Authority (SAMA) has confirmed it will officially begin replacing paper SAR1 notes in circulation with coins. The announcement comes after the kingdom issued a sixth generation of currency, including one and two royal coins for the…
Oman Arab Bank, Alizz Islamic consider merger
Oman Arab Bank, a unit of Ominvest, and Alizz Islamic Bank are exploring a merger, the two banks said, joining an increasing trend among Gulf banks to consolidate.
UAE seventh on global competitiveness ranking
The UAE has climbed three places to rank seventh in a global competitiveness ranking by Swiss business school International Institute for Management Development (IMD). The emirates took the position ahead of Norway, Sweden and Canada after coming first globally for…
‘Corporate sourcing of renewables in 75 countries, growing’
IRENA study shows world market for corporate sourcing of renewable electricity reached 465 terawatt-hours in 2017 – enough to power a country the size of France Copenhagen, Denmark, 24 May – Companies in 75 countries actively sourced 465 terawatt hours…
Three ways to shrink gender gap in financial inclusion
by Kristalina Georgieva I opened my first bank account as a new student at the London School of Economics in 1987. This seemingly small act meant that I could manage my own finances, spend my own money, and make my…
IBBL board of directors meeting held
Dhaka, May 24 – A meeting of the Board of Directors of Islami Bank Bangladesh Limited was held on 24 May 2018 Thursday at Islami Bank Tower.
A rotten corporate culture
Reports by select committees of MPs after some scandal should be treated with care. There is nothing MPs like more than to take the moral high ground and heap blame on others in front of TV cameras, whether their victims…
Reckless driver smashes another drivers’ leg
Dhaka – In another incident of reckless driving, a speedy bus smashed the left leg of another bus driver in city’s busy Jatrabari intersection while the victim was crossing road on Tuesday night.The injured Ismail Hossain, 47, a driver of…
Gold policy gets govt nod
DHAKA- The government today approved the ‘Gold Policy-2018’ to ease the import and export of the precious metal as well as ensure transparency in its trade inside the country.