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Egypt launches nuclear power programme

2007-10-31 00:00:00

CAIRO, Oct 30 (AFP): Egypt announced yesterday a programme to build several nuclear power stations, pushing it towards the front of a queue of Middle Eastern nations eager for access to the controversial technology. President Hosni Mubarak said during the...

Correction

2007-10-31 00:00:00

In the intro of a news item on the IFIC Bank printed on Page 9 in the October 29 issue of The Financial Express, the EGM was wrongly elaborated as Emergency General Meeting, which actually should read Extraordinary General Meeting....

Fertiliser being smuggled out to India, Myanmar

2007-10-31 00:00:00

Fakhrul AlamCHITTAGONG, Oct 30: Smuggling of fertiliser to the neighbouring India and Myanmar through different smuggled routes from Chittagong, has become rampant and an acute crisis of fertilisers is apprehended in the coming winter season due to such activities, sources...

IBBL signs 'instant cash service' deal with NMEC, Kuwait

2007-10-31 00:00:00

An agreement on 'instant cash service' was signed between Islami Bank Bangladesh Limited (IBBL) and National Money Exchange Company (NMEC), Kuwait recently.IBBL International Banking Wing Senior Vice President Md Mahbub-ul-Alam and NMEC Managing Director Mahamud Hussain Khaja signed the agreement...

Warid offers daily cash back for prepaid subscribers

2007-10-31 00:00:00

FE ReportWarid Telecom has introduced lucrative incentives for its prepaid subscribers on daily basis. Users of all Zem packages can get cash back everyday based on talk-time, said a press release.According to the offer, this cash-back is rewarded over SMS...

Ctg chamber decries hike in port charges

2007-10-31 00:00:00

FE Report The Chittagong Chamber of Commerce and Industry (CCCI) in a letter to the chief Adviser, Fakhruddin Ahmed, Monday expressed its grave concern over the hike in the users' charges of port equipment and other related services at Chittagong...

Anwer, Mohiuddin chairman, vice chairman of Shahjalal Islami Bank

2007-10-31 00:00:00

FE ReportAnwer Hossain Khan and Mohiuddin Ahmed have been elected chairman and vice chairman respectively of the Executive Committee (EC) of the Shahjalal Islami Bank Limited recently.Anwer Hossain Khan was born at Ramganj in Laxmipur District. He obtained Masters degree...

ICB approves 14pc dividend for its shareholders

2007-10-31 00:00:00

FE ReportICB shareholders approved 14 per cent cash dividend for the FY 2006-2007 at its 31st annual general meeting (AGM) Tuesday at the BIAM auditorium in the city. ICB board of directors Chairman Feroz Ahmed presided over the meeting while...

Int'l Leasing signs deal with BB to provide home loan

2007-10-31 00:00:00

FE ReportInternational Leasing and Financial Services Limited (ILFSL) signed a participation agreement with the Bangladesh Bank (BB) to extend home loan facility to lower and middle-income groups of borrowers in the city recently.The agreement signed under the 'Bangladesh Bank Refinance...

Pubali Bank managers urged to be logical, flexible, open minded

2007-10-31 00:00:00

FE ReportManagers of Pubali Bank Limited have been urged to be logical, flexible and open minded saying that one can prove oneself as a good manager by conquering the limitations and manage all things properly. Managing Director of the bank...

Sonali Bank to disburse Tk 5,33,50,000 in Nilphamari in 2007-'08

2007-10-31 00:00:00

Our Correspondent NILPHAMARI, Oct 30: Sonali Bank has set a target of Tk 5,33,50,000 as agriculture loan to be disbursed among the farmers of Nilphamari district in the fiscal year 2007-08. The bank will disburse the amount through its 10...

Most Asian markets fall

2007-10-31 00:00:00

BANGKOK, Oct 30 (AP): Most Asian markets fell Tuesday amid anxiety ahead of the U.S. Federal Reserve's decision on interest rates. Hong Kong still managed to edge up to its fourth straight record close on demand for Chinese bank shares.BANGKOK:...

UBL arranges confce for senior officials

2007-10-31 00:00:00

FE ReportUnilever Bangladesh Limited (UBL) arranged a conference in the city for senior officials of Modern Trade outlets recently.The conference addressed the business trends in the modern trade retail industry and also communicated some of the new initiatives like category...

European stocks drop

2007-10-31 00:00:00

LONDON, Oct 30 (AFP): Europe's main stock markets fell Tuesday on profit-taking amid caution on the eve of an interest-rate call by the US Federal Reserve, dealers said. "We're in no man's land for the next 48 hours," said Howard...

Asia and Africa lift cell phone market

2007-10-31 00:00:00

HELSINKI, Oct 30 (Reuters): Robust demand from emerging markets in Asia and Africa lifted third-quarter sales of all major handset vendors from the previous quarter, with companies expecting another sales boost from holiday shopping ahead.All handset vendors combined shipped 285...

corporate watch

2007-10-31 00:00:00

Dividends Quasem Drycells: The board of directors of Quasem Drycells has recommended 10 per cent cash dividend for the year 2006-2007. The annual general meeting (AGM) of the company will be held at the Institute of Diploma Engineers Bangladesh, IDEB...

Explosion kills seven in Pakistani city

2007-10-31 00:00:00

RAWALPINDI, Oct 30 (Agencies): A suicide attacker blew himself up near the office of Pakistani President Gen. Pervez Musharraf on Tuesday, killing seven people and injuring several more, officials saidMeanwhile, more than 1,000 supporters of former Prime Minister Nawaz Sharifmarched...

Tropical storm Noel heads toward Bahamas

2007-10-31 00:00:00

SANTO DOMINGO, (Dominican Republic) Oct 30 (Agencies): Tropical Storm Noel headed toward the Bahamas on Tuesday after causing flooding and mudslides that killed at least 20 people in the Dominican Republic and left another 20 missing, officials said. Forecasters said...

Bomb kills Afghan spy chief, three others

2007-10-31 00:00:00

JALALABAD, (Afghanistan), Oct 30 (AFP): A roadside bomb struck the vehicle of a district intelligence chief in eastern Afghanistan on Tuesday, killing him and three colleagues, officials said. The head of the National Directorate of Security (NDS) for the Qarghai...

US general wounded by roadside bomb in Baghdad

2007-10-31 00:00:00

BAGHDAD, Oct 30 (Reuters): A US general was wounded by a roadside bomb that exploded beside his convoy in northern Baghdad on Monday, the highest-ranking American soldier to be wounded since the start of the war, the US military said....

Blackwater guards offered immunity deals

2007-10-31 00:00:00

WASHINGTON, Oct 30 (Reuters): US State Department investigators looking into the shooting deaths of 17 Iraqis in Baghdad last month offered immunity deals to Blackwater security guards, The New York Times reported on Monday. The investigators from the agency's investigative...

Argentine president-elect thanks husband

2007-10-31 00:00:00

BUENOS AIRES, Oct 30 (Agencies) First lady Cristina Fernandez, in her first televised interview since winning Argentina's presidency, thanked her husband for his role in her triumph and wished Hillary Rodham Clinton well in her US election bid. Speaking on...

news digest

2007-10-31 00:00:00

Opposition resurgence confirmed in latest British poll LONDON, Oct 30: Britain's resurgent opposition Conservatives were given fresh good news on Monday courtesy of a new opinion poll which showed them ahead of the governing Labour Party. According to the ComRes...

Dhaka earn 7-wkt victory over Sylhet Div

2007-10-31 00:00:00

Mosharraf's all-round performance guided holders Dhaka Division to first victory in their second one-day match of the Ispahani Mirzapore Tea 9th National Cricket League beating all-losers Sylhet Division by seven wickets at the Shaheed Chandu Stadium in Bogra Tuesday, reports...

Khulna post second win, Mashrafe takes 5 wkts

2007-10-31 00:00:00

A five-wicket haul by national pacer Mashrafe Bin Mortaza helped Khula Division earn a nine-run win over Chittagong Division in the second round one-day match of the Ispahani Mirzapore Tea 9th National Cricket League Tuesday, reports UNB.This was the second...

ACC Green’s 6-wkt win over Battalion Boys Club

2007-10-31 00:00:00

ACC Green registered a six-wicket win over Battalion Boys Club in a match of the 3rd Division Qualifying Cricket League at the City Club ground Tuesday, reports UNB.In the day's other match, Kalabagan Cricket Academy beat Udoyon Cricket Academy (White)...

National booters return home

2007-10-31 00:00:00

National footballers returned Tuesday after their disappointing performance in the away match of the 2010 World Cup Pre-Qualifiers conceding 0-5 goals defeat against Tajikistan in Dushanbe Sunday, reports UNB.Bangladesh, which played to a 1-1 draw against Tajikistan in the home...

CA for reviving past glory of Muslims in science, technology

2007-10-31 00:00:00

GAZIPUR, Oct 30 (UNB): Chief Adviser Dr Fakhruddin Ahmed Tuesday urged the Muslim countries to strive hard to revive the past glory of Muslims in science and technology to fulfill the future promise."…Not a single member of the OIC currently...

BNP standing body makes Saifur acting chairperson, Hafizuddin secy general

2007-10-31 00:00:00

The Standing Committee of BNP at a meeting Monday midnight made M Saifur Rahman acting chairperson and Major (retd) Hafizuddin Ahmed acting secretary general of the party, reports UNB.Announcing the decisions, a party press release handed over to the waiting...

Iajuddin leaves for US on week-long official visit

2007-10-31 00:00:00

President Professor Dr Iajuddin Ahmed left the city for New York Tuesday on a week-long official visit to the United States, reports UNB. During his departure at the Zia International Airport, Advisers Mainul Hosein, Maj Gen (Retd) MA Matin, Head...