Dubai ports operator DP World recorded a 7.3 per cent increase in gross container volumes in the first quarter compared to the same period in 2017, the company said. The firm handled 17.6 million twenty-food equivalent units (TEUs) in the…
Category: Business
Dubai denies rival hyperloop project
Dubai’s Roads and Transport Authority (RTA) has denied the validity of plans for a rival hyperloop system connecting the city’s Al Maktoum International Airport to Abu Dhabi International Airport. The denial comes as Dubai and Abu Dhabi compete to be…
Al Hilal Bank uncovers internal fraud worth up to $173m
Abu Dhabi’s Al Hilal Bank has uncovered internal fraud worth more than Dhs500m ($136m), according to reports Friday. Employees of the Islamic institution have been accused of withdrawing funds from dormant customer accounts. The funds were transferred from Al Hilal…
Oil prices to average $65 a barrel, commodities to be dearer
Washington, April 24 – Oil prices are forecast to average $65 a barrel over 2018, up from an average of $53 a barrel in 2017, on strong demand from consumers and restraint by oil producers, while metals prices are expected…
TCB to start OMS of essentials to check price hike
Dhaka, April 26 – The Trading Corporation of Bangladesh or TCB will start selling essential commodities from May 6 in open markets across the country including capital city Dhaka in a bid to keep the prices at tolerable limit ahead…
Qatar Airways posts ‘substantial’ loss
Qatar Airways made a “substantial” loss in its last financial year because of a regional dispute that has banned the airline from four Arab countries, its chief executive said on Wednesday without revealing the extent of the losses. Qatar Airways…
IBBL board recommends 10% cash dividend for shareholders
Dhaka, April 25 – The Board of Directors of Islami Bank Bangladesh Limited recommended 10% cash dividend for the shareholders for the year 2017 subject to approval of the 35th Annual General Meeting of the Bank.
Tk 40m ‘unusual deposit’ in ex-Chief Justice Sinha’s account
Dhaka, April 25 – The Anti-Corruption Commission (ACC) is currently investigating against former chief justice SK Sinha over the allegation of unusual transaction of Tk 4 crore in his account on November 9 last year.
Emirates introduces home check-in service
Dubai carrier Emirates has announced the introduction of a home check-in service. Passengers of all classes travelling on Emirates flights from Dubai can use the option, which allows them to complete security checks from the comfort of their own home.…
Riyadh privatisation plans target $11bn in non-oil revenues by 2020
Saudi Arabia aims to generate SAR35bn-40bn ($9bn-11bn) in non-oil revenues from its privatisation programme by 2020 and create up to 12,000 jobs, according to a document published by the official Saudi Press Agency. The initiative targets 14 public-private partnership (PPP)…
Industries fined for polluting environment
Dhaka, April 24 – The Department of Environment (DoE) on Tuesday fined eight factories Tk 20 lakh for polluting the environment in Dhaka, Savar, Gazipur and Jamalpur.
Justice demanded on Rana Plaza anniversary
Dhaka, April 24 – A labor right body, Labor Safety Forum, on Tuesday demanded for proper and quick delivery of justice for Rana Plaza tragedy and meting out punishments to people responsible for the catastrophe.
Rana Plaza was a man-made disaster: Rushanara Ali
Dhaka, Apr 24 – Five years after the Rana Plaza disaster, Bangladesh-born British MP Rushanara Ali has described what happened as “not an accident” but “a man-made disaster”.
“We must ensure there is never another Rana Plaza”
On the fifth anniversary of a Bangladeshi factory collapse which killed and injured thousands of people, the President of the leading global health and safety body calls on organisations to continue to strive to protect workers.
IBBL holds discussion on compliance of Sharia in Bogura
Dhaka, April 23 – The Bogura zone of Islami Bank Bangladesh Limited (IBBL) recently held a discussion on ‘Compliance of Sharia in the Banking Operations’ at a local convention center.
New bridges to ease traffic flow near Dubai International Airport
Dubai’s Roads and Transport Authority (RTA) has said it will open three new bridges on Friday to reduce congestion near the city’s main airport. The authority said the Airport Street openings on April 27 would ease traffic flow. The first…
Regenerative farms serve more ecosystem functions, profit
Regenerative farms fundamentally challenge the current food production paradigm that maximizes gross profits at the expense of net gains for the farmer. Regenerative farming principles include: (1) abandoning tillage (or actively rebuilding soil communities following a tillage event), (2) eliminating…
IBBL Comilla – Noakhali Zone Conference held
Dhaka, April 22 – The Comilla and Noakhali Zones of Islami Bank Bangladesh Limited organized a conference of Managers, Branch Anti Money Laundering Compliance Officers and Zonal Anti Money Laundering Compliance Officers at Comilla on 21 April 2018, Saturday.
US-Bangla finds ‘incongruity in Nepal’s crash
Dhaka, April 22 – US-Bangla Airlines authorities claimed that there are some ‘inconsistencies’ in the initial probe report provided by the Civil Aviation Authority of Nepalon the crash of its aircraft at Kathmandu’s Tribhuvan International Airport on March 12.
Garment exporters criticise propaganda against the industry
Dhaka, April 21 – Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Siddiqur Rahman said on Saturday that a vested quarter continues to criticize and spread propaganda against a safe and transparent industry in the name of ‘so-called’ research.
77pc drivers of public transports without licence
Dhaka, April 21 – Over 77 percent drivers in the country don’t have driving licenses, Bangladesh Jatri Kalyan Samity, a passengers’ welfare platform, said on Saturday.
Boutros Boutros-Ghali – Democratic Multilateralism
By Federico Mayor Zaragoza Apr 20 (IPS) – “If we don’t do everything possible to democratize globalization, globalization will pervert national democracies”, said the former Secretary-General of the United Nations, as President of the “International Panel on Democracy and Development”…
Dev gains from e-commerce and digital platforms for South
Geneva, 19 Apr (Kanaga Raja) – Digital platforms lead to efficiency gains such as from lower transaction costs, lower consumer prices and increased access to markets, but also raise concerns that the market power of certain platforms may lead to…
Jet skids off runway causing Kathmandu airport chaos
KATHMANDU, April 20 – A Malaysian jet carrying 139 people that aborted its takeoff and skidded into mud forced Kathmandu airport to shut down for more than 12 hours until the plane was moved Friday.
Make multilateral trade regime more inclusive: PM Hasina
London, Apr 19 – Prime Minister Sheikh Hasina on Thursday called upon the Commonwealth member countries to work for making multilateral trade regime more inclusive and sustainable one.
650 CNG three-wheelers join OBHAI ride
Dhaka, April 19 – Ride sharing service provider OBHAI has added 650 CNG three-wheelers to its existing fleet in a move to strengthen its services.
Another debt crisis for poor countries?
By Masood Ahmed Washington DC, Apr 18 (IPS) – When the world’s finance ministers and central bank governors assemble in Washington later this month for their semi-annual IMF meeting, they will no doubt set aside time for yet another discussion…
Shamim M Afzal new Chairman, Islami Bank Foundation
Dhaka, April 18 – Shamim Mohammad Afzal has been appointed as the Chairman of Islami Bank Foundation. He was appointed in a meeting of the Board of Directors of Islami Bank Bangladesh Limited. He is a member of Board of…
Oriental Bank loan scam: 5 ex-officials get 68 years in jail
A court here on Tuesday sentenced five former officials of Oriental Bank Limited, now known as ICB Islamic Bank, to 68 years imprisonment each and fined them Tk 4.02 crore each in four graft cases.
Islami Bank Chairman Arastoo Khan resigns
Chairman of Islami Bank Bangladesh Limited (IBBL) Arastoo Khan has resigned from his post. Prof Nazmul Hasan, a teacher of Dhaka University and an independent director of the bank, was nominated as the new chairman of the bank.