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Jordan's industrial sector contributes 21.7pc to GDP

2024-08-19 00:00:00

RIYADH, Aug 18 (Arab News): Jordan's industrial sector has made a significant contribution to the nation's economy, accounting for 21.7 per cent of the gross domestic product in the first quarter, data showed.This achievement highlights the effectiveness of the government's...

Saudi insurance firm Al-Etihad receives A3 rating from Moody’s

2024-08-19 00:00:00

RIYADH, Aug 18 (Arab News): Saudi-based Al-Etihad Cooperative Insu-rance Co. has been awarded an A3 financial strength rating by Moody's, reflecting the firm's strong market position in the Kingdom. Moody's attributed the A3 rating to Al-Etihad's solid asset quality, strong...

STANDARD BANK LEARNING CENTRE ORGANISES TRAINING

2024-08-19 00:00:00

Standard Bank Learning Centre organised a daylong training on 'Understanding UCP & ISBP' for Foreign Trade officials of the bank on Saturday. Mohammad Mohon Miah, Managing Director & CEO (Acting) of the bank, inaugurated the training as the chief guest...

FBCCI seeks security of businesses

FE REPORT | 2024-08-19 00:00:00

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Saturday requested the interim government to ensure safety and security of businesses to maintain economic growth. During a courtesy call on newly appointed Home Adviser Lt. Gen. (Retd.) Jahangir...

Shahjalal Fertiliser Factory resumes production

2024-08-19 00:00:00

SYLHET, Aug 18 (UNB): Shahjalal Fertiliser Company Limited (SFCL) in Sylhet resumed production partially on August 06 after around five months of closure due to gas crisis.The factory restarted operations following the collapse of the Sheikh Hasina-led government on August...

SHAHJALAL ISLAMI BANK SIGNS REMITTANCE AGREEMENT WITH ATLANTIC XCHANGE

2024-08-19 00:00:00

Shahjalal Islami Bank PLC has signed a remittance drawing agreement with the US based remittance company, Atlantic Xchange LLC, at the bank's Corporate Head Office. The bank's Managing Director Mosleh Uddin Ahmed and the remittance company's Managing Director & President...

SOUTHEAST BANK ORGANISES "BUSINESS REVIEW MEETING"

2024-08-19 00:00:00

Southeast Bank PLC has held its monthly "Business Review Meeting," presided over by the bank's Managing Director Nuruddin Md Sadeque Hossain. The meeting focused on reviewing the bank's recent business performance, with a strong emphasis on leveraging the latest technology...

Al-Arafah Islami Bank elects Alhajj Salim Rahman as chairman

2024-08-19 00:00:00

Alhajj Salim Rahman has been selected for the role of chairman at the Al-Arafah Islami Bank.He was elected unanimously in the 403rd board meeting of the bank, which took place on Sunday.Rahman, the son of Alhajj Khalilur Rahman, hails from...

India central bank asks banks to push direct rupee-dirham settlement, sources say

2024-08-19 00:00:00

MUMBAI, Aug 18 (Reuters): The Indian central bank has told banks that deal with the United Arab Emirates (UAE) to settle at least a part of their trade payments directly using the rupee and dirham, according to five banking sources.The...

Stocks fall as investor enthusiasm evaporates

FE REPORT | 2024-08-19 00:00:00

Stocks ended lower on Sunday as cautious investors chose to liquidate their holdings, worried over a probable shift in market momentum.The prime index of the Dhaka Stock Exchange (DSE) fell 125.19 points to settle at 5,778.64.The premier bourse of the...

Brokers, issuers in limbo as securities regulator remains non-functional

MOHAMMAD MUFAZZAL | 2024-08-19 00:00:00

The securities regulator has been unable to function for nearly two weeks in absence of three key members -- two commissioners and chairman - keeping issuers and other stakeholders in limbo. Orders on issues that require approval of the commission...

Bagerhat road crash kills two

2024-08-19 00:00:00

BAGERHAT, Aug 18 (UNB): Two youths died as the motorbike overturned on Dhaka-Khulna Highway in Mollahat upazila of Bagerhat on Sunday.Deceased Rana Sheikh, 25, son of Liakat Sheikh, and Amit Sardar, 24, son of Raja Sardar, were residents of Mejhora...

Miscreants torch trader's house three times in Lalmonirhat

OUR CORRESPONDENT | 2024-08-19 00:00:00

LALMONIRHAT, Aug 18: Miscreants set fire on houses of a trader three times at Boraibari village of Palashi union under Aditmari upazilla of Lalmonirhat district.According to the house owner and local sources, some miscreants set fire on the straw bunch...

Birth anniversary of Mirza Ahmed Ispahani observed

2024-08-19 00:00:00

The 126th birth anniversary of Mirza Ahmed Ispahani, the founding chairman of M M Ispahani Ltd was observed at the premises of Mirza Ahmed Ispahani High School recently. Late Mirza Ahmed Ispahani was the grand father of Mr. Mirza Salman...

Stones lifted illegally from Sadapathar, Jafflong tourist sites

OUR CORRESPONDENT | 2024-08-19 00:00:00

SYLHET, Aug 18: Organised gangs of miscreants have lifted valuable stones illegally from tourist spots at Sadapathar and Jafflong in the district during the troublesome situation in the country.Locals said miscreants and political goons are active in taking away stones...

Commodity prices prohibitive again in Rajshahi

OUR CORRESPONDENTS | 2024-08-19 00:00:00

Fresh price surge has turned markets a little bit unstable again though essential commodities got seemingly somewhat cheaper early this month following monitoring by the students. Students intervened as prices went exorbitantly up on the pretext of low supply in...

Turkey battles forest fires for third day

2024-08-19 00:00:00

IZMIR, Aug 18 (AFP): Firefighters were battling a strong forest fire in Turkey's Aegean city of Izmir for a third day on Saturday, AFP reporters said, a day after hundreds of local people in nearby villages had to be evacuated.Firefighters...

Ukraine repels Russian missile attack on Kyiv

2024-08-19 00:00:00

KYIV, Aug 18 (AFP): Ukrainian forces said they thwarted a Russian missile attack on the capital Kyiv where air raid sirens sounded before dawn on Sunday."This is the third ballistic missile attack on the capital in August with a clear...

Thai king endorses Paetongtarn as PM

2024-08-19 00:00:00

BANGKOK, Aug 18 (Reuters): Paetongtarn Shinawatra was endorsed as prime minister by Thailand's king on Sunday, two days after parliament elected her, paving the way for her to form a cabinet in the coming weeks.Paetongtarn, 37, becomes Thailand's youngest prime...

Businesses, rights defenders decry

2024-08-19 00:00:00

ISLAMABAD, Aug 18 (AFP): Pakistan's government is throttling the internet and social media while it tests new controls to crush dissent, activists and business leaders say, putting the country's economic recovery at risk.Internet networks have been up to 40 percent...

Harris bets US ready for first Black woman president

2024-08-19 00:00:00

WASHINGTON, Aug 18 (AFP): Is America ready to elect a Black woman as its president? Vice President Kamala Harris, who will be officially confirmed as the Democratic US presidential nominee in Chicago next week, is betting that it is."In my...

British Foreign Office official quits over Israel arms sales

2024-08-19 00:00:00

LONDON, Aug 18 (BBC): A British Foreign Office official who worked on counter terrorism has resigned in protest at arms sales to Israel, saying the UK government "may be complicit in war crimes".Mark Smith wrote to colleagues on Friday, saying...

Hamas rejects US 'diktats'

2024-08-19 00:00:00

GAZA, Aug 18 (AFP/AP): US Secretary of State Antony Blinken was due in Israel on Sunday as mediators seek to cement a Gaza ceasefire deal, while a senior Hamas official dismissed "American diktats" in negotiations.Making his ninth trip to the...

South Africa defeat Windies to maintain 25-yr Test series grip

2024-08-19 00:00:00

PROVIDENCE, Guyana, Aug 18 (AFP): South Africa defeated the West Indies by 40 runs on an eventful third day of the second and final Test on Saturday to extend their dominance over the Caribbean side.Set a challenging target of 263...

Sinner, Swiatek survive challenges from Cincinnati qualifiers

2024-08-19 00:00:00

CINCINNATI, Aug 18 (AFP): World number ones Jannik Sinner and Iga Swiatek both turned around losing situations on Saturday to move into the semi-finals of the ATP and WTA Cincinnati Open.Sinner prevented rival Andrey Rublev from repeating a triumph from...

Lewandowski double as Barca fight back to beat Valencia

2024-08-19 00:00:00

VALENCIA, Spain, Aug 18 (Reuters): Poland striker Robert Lewandowski's brace earned depleted Barcelona a 2-1 comeback win at Valencia in their opening game of the LaLiga season on Saturday.Barca were dominated by their hosts early in the match and fell...

Govt to build Bangladesh's 1st sports institute, says Sports Adviser Asif

2024-08-19 00:00:00

Bangladesh is set to construct its first-ever Sports Institute, focusing on high performance and overall success in sports, reports UNB.This initiative, spearheaded by the Ministry of Youth and Sports, aims to enhance athletes' physical and mental capabilities, improve sports strategies...

Bangladesh vs Pakistan 2nd Test moved from Karachi to Rawalpindi

2024-08-19 00:00:00

ISLAMABAD, Aug 18 (Geo Tv): The Pakistan Cricket Board (PCB) has shifted the second Test of the two-match series between Pakistan and Bangladesh from Karachi to Rawalpindi due to ongoing renovations and up gradation work at the National Stadium."Given that...

Preparedness for prevention of Mpox

2024-08-19 00:00:00

The global alert regarding the spread of mpox (formerly known as monkeypox), particularly in several African countries, serves as a stark reminder of the critical importance of vigilance and preparedness in safeguarding public health. With the virus potentially spreading beyond...

Asset declaration and accountability of govt. employees

2024-08-19 00:00:00

In July, the High Court directed government employees and their family members to strictly adhere to the rules concerning the declaration and filing of assets. The court emphasised that Rule 13 of the Government Servants (Conduct) Rules, 1979, must be...