Dhaka, May 10 – The Islami Bank Bangladesh Limited organized a view exchange meeting with Bangladeshi Expatriates at a local Hotel of Dubai, UAE on 6 May 2018. Professor Md. Nazmul Hassan, Ph.D, Chairman of the Bank was present in…
Category: Business
Taka 2000bn plundered from banking sector: BNP
Accusing the ruling quarters of plundering Tk 2 lakh crore from the banking sector, BNP on Thursday warned the trial of the plunderers will be held someday in people’s court.
Renewable energy jobs reach 10.3 million worldwide
Sector adds half a million jobs boosted by strong growth in Asia Abu Dhabi, UAE: 8 May — The renewable energy industry created more than 500,000 new jobs globally in 2017, a 5.3 percent increase from 2016, according to the…
Oman adds China, Iran, Russia to visa on arrival list
Oman has added passport holders from China, Iran and Russia to a list of countries that do not require a pre-entry tourist visa. The move follows the introduction of new visa rules in the sultanate in March including a new…
Emirates reports 124pc surge in profit
Dubai airline Emirates has reported a 124 per cent increase in net profit for its 2017-2018 fiscal year after its income tumbled 12 months ago. The carrier made a net profit of $762m during in comparison to $354m in 2016-2017,…
Private airlines for jet fuel price cut for parity
Dhaka, May 8 – Top officials of private airliners here on Tuesday sought government initiative to reduce price of jet fuels and remove discrepancy of fuel prices between domestic and foreign airliners.
Banking sector plagued by financial scams, weak overseeing
Dhaka, May 8 – The banking sector in Bangladesh has been plagued by financial scams, non-performing loans and weak monitoring problems, which might cause a macroeconomic risk in the near term though Bangladesh is expecting faster growth, says a UN…
IBBL agent banking outlet inaugurated in Sreepur, Magura
Dhaka, May 6 – The Islami Bank Bangladesh Limited Agent Banking outlet was inaugurated in Sreepur Bazar of Magura District on 7 May 2018. Advocate Saifuzzaman Shekhor, Assistant Private Secretary to the Prime Minister was present in the program as…
Airbus, Boeing prepare for order cuts
Airbus and Boeing are preparing for possible changes to dozens of plane orders from Middle East carrier Etihad Airways as it presses ahead with a company-wide review, four sources familiar with the matter said. Etihad has been reviewing its business…
IBBL Jessore Zone business development conference held
Dhaka, May 6- The Jessore Zone of Islami Bank Bangladesh Limited organised a business development conference at its office on 5 May 2018, Saturday. Mohammed Monirul Moula, Managing Director (Current Charge) of the Bank was present in the program as…
Fund for smart and green shipping in Finland
INTENS, a VTT-coordinated Finnish research-industry collaborative consortium, has jointly committed over €13 million in the next three years, with the ardent funding support of €5.6 million from Business Finland, to proactively advancing, promoting and digitalizing Finnish marine industries and beyond,…
Investing in the potential of rural entrepreneurs
IFAD Associate Vice-President visits project in the Philippines Rome, 05 May – Charlotte Salford, Associate Vice-President of External Relations and Governance at the International Fund for Agricultural Development (IFAD), is in the Philippines this week to visit an IFAD-supported project…
Citigroup eyes Saudi expansion
Citigroup is considering seeking a full banking licence in Saudi Arabia as Western banks aim to capitalise on Saudi economic reforms, with rival HSBC announcing it has won mandates for several privatisations in the kingdom More than a dozen foreign…
Steps sought to overcome banking sector challenges
Claiming that the country’s banking sector is going through a turmoil, speakers at a discussion on Friday underscored the need for steps to overcome its challenges, including mobilising domestic resources and preventing money-laundering.
UAE rolls back tax on gold, diamonds, precious metals
The UAE Cabinet has adopted a law to roll back the application of a 5 per cent value added tax on the gold, diamond and precious metals market. State news agency WAM said the step was intended to maintain the…
Dubai airports to cut passport clearance time to 10 seconds
Dubai’s General Directorate of Residency and Foreigners Affairs (GDRFA) has announced plans to speed up passport clearance at the emirate’s airports to as little as 10 seconds. General director assistant of the airport immigration department at GDRFA, brigadier Talal Ahmad…
No mayhem, maintain cordial relations: PM to employers, workers
Prime Minister Sheikh Hasina on Tuesday urged both employers and workers to maintain cordial relations among them avoiding any mayhem in their workplaces.
Workers, activists mark May Day with defiant rallies
Workers and activists marked May Day on Tuesday with rallies to demand their government address labor issues. International Workers’ Day is a public holiday in many countries, though activities are restricted in some places, sometimes leading to confrontations. A look…
RMG workers block Dhaka-Aricha highway demanding arrears
Agitated workers of a readymade garment factory on Tuesday blocked the Dhaka-Aricha Highway for at least five hours demanding their arrears.
May Day on Tuesday
Dhaka, April 30 – The historic May Day will be observed in the country as elsewhere across the globe on Tuesday with a pledge to establish the rights of workers.
Eco-friendly production prerequisite to achieve SDG, say expert
Dhaka, April 30 –To achieve Sustainable Development Goals (SDG) by 2030, the private industries have to be more eco-friendly, said experts at a roundtable in the city on Monday.
Oman allows students, retirees to work part-time
Oman has introduced new legislation allowing school students and retirees to work part-time, according to reports. The Ministry of Manpower amendments allow companies to recruit both types of workers provided they comply with set terms and conditions, according to Times…
Alwaleed sells Movenpick Hotels to AccorHotels
Prince Alwaleed bin Talal’s Kingdom Holding and its partners have agreed to sell Movenpick Hotels and Resorts to its associate firm AccorHotels. The deal is expected to close in the second half of 2018, Kingdom Holding said in a statement.…
IBBL Chittagong region business development confce held
Dhaka, April 29 – Islami Bank Bangladesh Limited organized a Business Development Conference with its Branch Mangers of Chittagong region on Saturday, 28 April 2018 at the Zonal Office.
AL govt increases land ports from 12 to 23: Minister
Dhaka, Apeil 29 – The present government has opened 10 land ports at the borders to facilitate export-import goods with India, shipping minister Shajahan Khan has said.
Garment factory in Dhaka City catches fire
Dhaka, April 29 –A readymade garment factory caught fire in the city’s Rampura area on Sunday afternoon. The fire broke out at ‘Asiana Garments’ located on the 5th floor of a 12-storey building around 1:47 pm, said Kamrul Hasan, duty…
Another man loses limb in city bus accident
Dhaka, Apr 28 – The horrifying sights of people’s severed limbs left behind on the capital’s streets following road accidents caused by reckless driving is continuing.
Dubai to trial three-wheeler taxi bikes
Dubai Taxi Corporation is reportedly set to trial a three-wheel motorbike service in key locations. Gulf News reports that the vehicles will be available in a trial phase over the next six months at Dubai Marina, Dubai International Financial Centre…
Sex sells, but should it?
Are there legitimate grounds for discrimination in the business world? This episode explores the hiring practices of Abercrombie & Fitch, Hooters, and even OBGYNs.
Another Metro-rail project to connect Airport with Kamalapur
DHAKA, April 27 – After the country’s first metro rail from Uttara to Motijheel, now under implementation, the government is planning to construct another metro rail from Airport to Kamalapur linking Purbachal to make the city’s road transport system more…