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Kingdom Holding sees profit jump 73pc

2026-03-26 00:00:00

RIYADH, Mar 25 (Arab News): Kingdom Holding Co., the developer behind what is set to become the world's tallest building - Jeddah Tower - reported a 73 per cent jump in annual profit driven by investment gains and rising portfolio...

US import prices post largest gain in four years as energy costs soar

2026-03-26 00:00:00

WASHINGTON, Mar 25 (Reuters): US import prices increased by the most in nearly four years in February as energy costs surged in anticipation of conflict in the Middle East, adding to signs that inflation is poised to accelerate in the...

BlackRock CEO warns of 'global recession' if oil goes to $150

2026-03-26 00:00:00

NEW YORK, Mar 25 (Reuters): BlackRock CEO Larry Fink said oil prices could reach $150 a barrel and cause a "global recession" if Iran "remains a threat" even after the war ends."If there is a cessation of war, and yet...

India buys first Iran LPG cargo in years after US eases sanctions

2026-03-26 00:00:00

NEW DELHI, Mar 25 (Reuters): India has bought its first cargo of Iranian liquefied petroleum gas in years after the US temporarily removed sanctions on Tehran's oil and refined fuels, LSG trade flows and three industry sources said.India had shunned...

Islami Bank Foundation celebrates Independence Day

2026-03-26 00:00:00

Islami Bank Foundation (IBF) has celebrated Independence Day by holding various programmes. To mark the day, a discussion and a prayer session were held at the auditorium of the IBF's head office on Wednesday. Mohammad Ali, Executive Director (Acting) of...

Western powers failed to secure Red Sea shipping; Hormuz poses tougher challenge

2026-03-26 00:00:00

The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against...

Ctg Port handles 54,898 TEU containers during Eid holidays

OUR CORRESPONDENT | 2026-03-26 00:00:00

CHATTOGRAM, Mar 25: A total of 54,898 TEUs of containers were handled at Chittagong port during the Eid holidays from March 17 to 23. Of these, 28,961 TEUs were imported and 25,937 were exported. The highest number of 11,861 containers...

Uber launches hybrid subscription model for bike drivers in BD

FE REPORT | 2026-03-26 00:00:00

Ridesharing app Uber on Wednesday announced the launch of a hybrid subscription model for its Uber Bike drivers in Bangladesh, offering greater flexibility in how they access trips and earn on the platform. The new model provides drivers with the...

Bangladesh gains from shift in US travel goods sourcing

MONIRA MUNNI | 2026-03-26 00:00:00

High production costs in China and trade redirection driven by US high tariffs have encouraged American buyers to increasingly diversify their sourcing of travel goods to other destinations like Bangladesh, insiders said. They added that a couple of companies are...

Zia's role in the flourishing of our freedom

Syed Ali Ahsan | 2026-03-26 00:00:00

What is freedom? This question has been asked for ages by the people of different countries. Immediately before the French revolution, the French philosopher Rousseau had said: "Man was born free, but everywhere he is in chains". That means, the...

Prelude to the Independence War

Helal Uddin Ahmed | 2026-03-26 00:00:00

A parliamentary election was held for the first time in Pakistan's 23-year-old history on December 7 1970. Initially, the election was set for October, but was postponed due to floods in the eastern province. Meanwhile, a catastrophic cyclone hit East...

Egypt targeting 5.4pc GDP growth in 2026/27 budget

2026-03-26 00:00:00

RIYADH, Mar 25 (Arab News): Egypt is targeting gross domestic product growth of 5.4 per cent, inflation stabilization, and a primary surplus of 1.2 trillion Egyptian pounds ($22.7 billion) during the 2026/27 fiscal year, a top official revealed.Speaking during a...

Meta ordered to pay $375m in New Mexico trial over child exploitation

2026-03-26 00:00:00

NEW YORK, Mar 25 (Reuters): A New Mexico jury on Tuesday found Meta Platforms violated state law in a lawsuit brought by the state attorney general, who accused the company of misleading users about the safety of Facebook, Instagram and...

China Eastern to buy 101 Airbus A320neo planes in $15.8b deal

2026-03-26 00:00:00

BEIJING, Mar 25 (AFP): China Eastern Airlines said on Wednesday it has signed a $15.8 billion deal to buy 101 Airbus A320neo planes, after Germany's leader signalled during a China visit last month that a purchase had been secured.Several Western...

UK annual inflation steady before oil price surge

2026-03-26 00:00:00

LONDON, Mar 25 (AFP): Britain's annual inflation rate was unchanged at 3.0 per cent in February, official data showed Wednesday ahead of an expected jump as the Middle East war has sent oil prices surging.At 3.0 per cent, unchanged from...

German business morale falls as war puts recovery on ice

2026-03-26 00:00:00

FRANKFURT, Mar 25 (AFP): German business morale fell in March as the war in the Middle East puts hopes of a recovery in Europe's struggling top economy "on ice", a key survey showed Wednesday.The Ifo institute confidence barometer dropped from...

Middle Eastern funds reap record gains from Chinese AI companies

2026-03-26 00:00:00

RIYADH, Mar 25 (Arab News): Middle Eastern funds have reaped exceptional gains from their bets on newly listed Chinese artificial intelligence companies, defying a broader sell-off in global stock markets triggered by the ongoing conflict in the Gulf. The Abu...

India to invest around $3.0b to boost air connectivity

2026-03-26 00:00:00

NEW DELHI, Mar 25 (Reuters): India, the world's fastest-growing aviation market, will invest $3.06 billion as part of a programme to increase air transport to under-served regions in the country, it said on Wednesday.The country is relying on a boom...

Gold price drops by Tk 5,482 per bhori

2026-03-26 00:00:00

Gold prices in Bangladesh have been cut by Tk 5,482 per bhori, with the price of 22-carat gold now set at Tk 241,445, according to the Bangladesh Jewelers Association, reports UNB.In a statement issued on Wednesday morning, BAJUS said the...

US stock futures rise as Mideast ceasefire prospects lift sentiment

2026-03-26 00:00:00

US stock index futures climbed on Wednesday, after media reports that the US was seeking a month-long ceasefire in its war with Iran, allaying some investor fears around prolonged energy supply disruptions, reports Reuters.The New York Times reported that Washington...

Indonesia financial regulator approves phased three-year implementation of free float rules

2026-03-26 00:00:00

JAKARTA, March 25 (Reuters): Indonesia's financial regulator has approved the phased three-year implementation of free float requirements drawn up by the Indonesia Stock Exchange, its chief capital market supervisor Hasan Fawzi said on Wednesday.Fawzi said that the legally-binding "implementing rule"...

London's FTSE 100 climbs

2026-03-26 00:00:00

The UK's FTSE 100 extended its rebound on Wednesday as investors took comfort from reports about US efforts to bring the Iran war to a close, while also assessing Britain's latest inflation data, reports Reuters.Washington sent Iran a 15-point plan...

Reliance Jio in talks with investors to sell 8pc of individual stakes in IPO

2026-03-26 00:00:00

HONG KONG/NEW DELHI, March 25 (Reuters): Indian billionaire Mukesh Ambani's Reliance Jio Platforms has held talks with 13 marquee foreign investors to sell down 8 per cent of individual stakes in an upcoming Mumbai listing of the telecoms-to-AI company, sources...

Stocks rise and oil retreats on Mideast ceasefire reports

2026-03-26 00:00:00

SINGAPORE, March 25 (Reuters): Stocks rose and oil fell on Wednesday on reports the US is seeking a month-long ceasefire in its war on Iran and had sent a 15-point plan to Iran for discussion, raising hopes for a breakthrough...

Norway wealth fund moves towards some AI-driven decisions but with humans in control

2026-03-26 00:00:00

OSLO, March 25 (Reuters): Norway's $2.1 trillion sovereign wealth fund, the world's largest, will eventually allow some investment decisions to be made by AI systems under human supervision, but not yet, as the tools still make errors, fund officials said...

Shimanto Bank, Astha Life to provide ‘Credit Shield Insurance’

2026-03-26 00:00:00

Shimanto Bank has signed an MoU with Astha Life Insurance Company at its head office, introducing Credit Shield Insurance for its credit cardholders to ensure financial protection for their families in unforeseen circumstances. The agreement was signed by Managing Director...

Islami Bank holds board meeting ___

2026-03-26 00:00:00

A meeting of the board of directors of Islami Bank Bangladesh was held on March 25 at Islami Bank Tower, chaired by Professor Dr. M. Zubaidur Rahman. The meeting was attended by senior board members, including committee chairmen, directors, and...

Gulf equities gain as US-Iran ceasefire proposal lifts sentiment

2026-03-26 00:00:00

Most Gulf markets advanced on Wednesday, led by Dubai, as optimism over a possible ceasefire increased after reports that Washington had submitted a 15-point proposal to Tehran to end the war, reports Reuters. US President Donald Trump said on Tuesday...

Regulator probes Premier Leasing, Green Delta Securities over negative equity issues

FE REPORT | 2026-03-26 00:00:00

The Bangladesh Securities and Exchange Commission (BSEC) has launched enquiries into two brokerage firms-Premier Leasing Securities and Green Delta Securities-over alleged irregularities involving negative equity accounts and margin lending practices.The probe into Premier Leasing Securities will focus on compliance failures,...

Higher free float, better transparency key to market upgrade: Head of BRAC EPL

MOHAMMAD MUFAZZAL | 2026-03-26 00:00:00

The secondary market must be highly liquid and ensure a greater flow of information on securities to achieve an upgrade from frontier to emerging market status, said the chief of a leading brokerage firm, BRAC EPL Stock Brokerage.In a recent...