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Pak-UAE economic partnership advances

2024-01-09 00:00:00

ISLAMABAD, Jan 08 (Reuters): Minister for Commerce, Industries and Investment, Gohar Ejaz and Minister of State for Foreign Trade of the United Arab Emirates (UAE), Dr Thani Ahmed Al Zeyoudi, recently held a productive meeting in Abu Dhabi to strengthen...

World stocks slip into the red as inflation, earnings loom large

2024-01-09 00:00:00

LONDON, Jan 8 (Reuters): Global shares edged into the red on Monday and investors, wary of rate hike narratives, braced for US inflation data and a corporate reporting season where robust results are needed to justify high valuations.Geopolitical tensions were...

Saudi Arabia, Belarus eye stronger trade ties

2024-01-09 00:00:00

RIYADH, Jan 08 (Arab News): Saudi Arabia and Belarus are set to bolster their trade and investment ties with the signing of a new memorandum of understanding. The MoU, signed between the Federation of Saudi Chambers and Belarus’ National Center...

Al-Arafah Islami Bank distributed blankets among cold-stricken people

2024-01-09 00:00:00

Al-Arafah Islami Bank (AIB) distributed blankets among cold-stricken people as part of its corporate social responsibility (CSR). AIB Managing Director and CEO Farman R Chowdhury distributed the blankets as the chief guest at AIB head office on Monday. Deputy managing...

Pragati Life Insurance and Mutual Trust Bank signed a bancassurance agreement

2024-01-09 00:00:00

Pragati Life Insurance Limited and Mutual Trust Bank (MTB) have signed a bancassurance agreement at MTB's head office recently. Md Jalalul Azim, managing director and CEO of Pragati Life, and Syed Mahbubur Rahman, managing director and CEO of MTB, signed...

Dhaka bourse surges over 25pts in sign of hope after polls

FE REPORT | 2024-01-09 00:00:00

DSEX, broad index of the Dhaka Stock Exchange (DSE), surged 25.3 points to settle at a two-month high of 6,270 points on Monday after the national election.Considering it as a good sign, market operators have expressed optimism about the restoration...

Sunlife Insurance: A tale of high spending on management, land, flats

FARHAN FARDAUS | 2024-01-09 00:00:00

Sunlife Insurance has been sold to non-life insurance company Green Delta Insurance as the former has failed to stem mismanagement and made investments in immovable assets with no return since its 2013 listing. As the income flow dried up and...

Honda weighs $14b plan for EV production in Canada

2024-01-09 00:00:00

Honda Motor Co is considering building an electric vehicle plant in Canada in a near 2 trillion yen ($13.83 billion) project that could possibly include in-house production of batteries, Japan's Nikkei news group reported on Sunday.The project could be one...

France seeks to settle its hydroelectric dispute with the EU

2024-01-09 00:00:00

PARIS, Jan 8 (Reuters): France is drafting a law to reform the country's hydroelectric infrastructure to try to resolve a long-standing dispute with the European Union and allow investment in new capacity, the office of Energy Minister Agnès Pannier-Runacher said...

J&J to buy cancer therapy developer Ambrx for $2b

2024-01-09 00:00:00

Johnson & Johnson said on Monday it had agreed to buy drug developer Ambrx Biopharma for $2 billion to gain access to drugs that belong to a class of targeted cancer therapies which have drawn interest from other drug makers,...

Indonesia grounds three Boeing 737 MAX 9 planes

2024-01-09 00:00:00

JAKARTA, Jan 8 (Reuters): Indonesia temporarily grounded three Boeing 737 MAX 9 planes on January 6, operated by Lion Air, despite different configurations from the plane that had to make an emergency landing in the US last week, the transport...

Abercrombie & Fitch lifts holiday sales forecast on robust demand

2024-01-09 00:00:00

Abercrombie & Fitch on Monday raised its forecast for fourth-quarter and annual net sales, after strong demand for its apparel brands during the key holiday shopping period, reports Reuters.The company and Lululemon Athletica, which also raised its sales forecast for...

Apple iPhone sales in China fall 30pc in first week of 2024

2024-01-09 00:00:00

BEIJING, Jan 8 (Reuters): Apple's iPhone sales in China dropped by 30 per cent in the first week of 2024, Jefferies analysts said in a note, adding to signs of growing competitive pressures from domestic rivals such as Huawei for...

PRIME BANK PARTNERS WITH SYNGENTA

2024-01-09 00:00:00

Prime Bank PLC, a leading private commercial bank, and Syngenta Bangladesh Limited signed an agreement whereby they will work together to increase crop production by extending credit facility to farmers and agricultural input sellers. Nazeem A. Choudhury, Deputy Managing Director...

MIDLAND BANK DISBURSES LOANS TO FARMERS

2024-01-09 00:00:00

Midland Bank Limited (MDB), under an intermediary agreement with Society for Family Happiness and Prosperity (FHP), an NGO, disbursed loans directly to farmers at 4 per cent interest rate under Bangladesh Bank Refinancing Scheme for the agricultural sector to ensure...

Nasiruzzaman joins BKB as chairman for second term

2024-01-09 00:00:00

Md. Nasiruzzaman, former secretary at the Ministry of Agriculture, joined Bangladesh Krishi Bank (BKB) as its chairman for a second term on Monday, says a statement. Earlier, he served as the chairman of the bank from December 14, 2020 to...

Asia thermal coal imports hit record, but supply keeps prices muted

2024-01-09 00:00:00

LAUNCESTON, Australia, Jan 8 (Reuters): Asia's imports of seaborne thermal coal rose to a record high in December as top buyer China sucked up cargoes amid peak winter demand.But the robust demand did little to move prices as Indonesia and...

MCCI greets AL over election victory

2024-01-09 00:00:00

Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) has congratulated the Awami League on its winning the national election for a fourth consecutive term. "This resounding victory is a reflection of the aspirations of the people of Bangladesh, who have...

Gas crisis persists in Ctg

NAZIMUDDIN SHYAMOL | 2024-01-09 00:00:00

CHATTOGRAM, Jan 08: The gas crisis that gripped the port city since October 20 last year due to a shortage of supply is likely to be resolved after March this year, sources said.The port city has been facing the gas...

PCB appoints Rizwan as vice-captain of T20 team

2024-01-09 00:00:00

Pakistan Cricket Board Monday appointed wicket-keeper and batter Muhammad Rizwan as the T20 team's vice-captain, according to Pakistan Tv channel Geo Tv.The board announced the development on X, formerly known as Twitter."@iMRizwanPak has been appointed vice-captain of Pakistan's T20I team,"...

Dorival Junior to coach Brazil after leaving Sao Paulo

2024-01-09 00:00:00

MEXICO CITY, Jan 08 (Reuters): Dorival Junior has quit as coach of Brazilian side Sao Paulo to take charge of Brazil's National team, the club said in a statement on Sunday.The Brazilian Football Confederation (CBF) announced on Friday that Fernando...

South Africa's Klaasen retires from Test after just four matches

2024-01-09 00:00:00

South Africa wicketkeeper-batter Heinrich Klaasen has retired from red ball cricket despite the country's Test coach Shukri Conrad suggesting he would form part of his plans in 2024, reports Reuters.Powerful middle order hitter Klaasen has become a mainstay of the...

Liverpool strike late to knock Arsenal out of FA Cup

2024-01-09 00:00:00

LONDON, Jan 0 (Reuters): An own goal by Jakub Kiwior and a thumping late strike by Luis Diaz sealed a 2-0 victory for Liverpool at Arsenal in the weekend's headline FA Cup third round tie as the hosts' dismal form...

Taijul gets maiden nomination for ICC Player of the Month

2024-01-09 00:00:00

Bangladesh left-arm spinner Taijul Islam got his maiden nomination for the ICC Player of Month award for his stellar performance in December, reports BSS.He will battle with Australian captain Pat Cummins and New Zealand batter Glenn Phillips for the accolade.Taijul's...

Tamim gears up, keeping an eye on BPL

2024-01-09 00:00:00

Bangladesh's star batter, Tamim Iqbal, has commenced preparations for the upcoming season of the Bangladesh Premier League (BPL). He was spotted practicing at the indoor facility at Sher-e-Bangla National Cricket Stadium in Mirpur in the city on Monday, reports UNB.It...

Shakib returns to training after winning national election

2024-01-09 00:00:00

A day after being elected as the Member of Parliament for the first time, Shakib Al Hasan turned up at Sher-e-Bangla National Cricket Stadium in Mirpur in the city as he gears up for the upcoming Bangladesh Premier League (BPL),...

Two injured as CU shuttle train hit human hauler in Ctg

2024-01-09 00:00:00

CHATTOGRAM, Jan 08 (UNB): Two people were injured when a shuttle train of Chittagong University (CU) hit a human hauler at No 2 Rail Gate level crossing in Panchlaish area of Chattogram port city on Monday.The injured were identified as...

13 fishermen go missing for five days in Bay of Bengal

2024-01-09 00:00:00

CHATTOGRAM, Jan 08 (UNB): A fishing trawler with 13 fishermen has been missing for the last five days since it went fishing in the Bay of Bengal from Anwara upazila of Chattogram.In the meantime, another trawler was sent from the...

Two of a family among three killed in Manikganj road crash

2024-01-09 00:00:00

MANIKGANJ, Jan 08 (UNB): Three people including two members of a family were killed and two others injured as a speeding truck crashed into a CNG-run auto-rickshaw on Hemayetpur regional road in Singair upazila of Manikganj on Monday.The deceased were...

Chandpur bridge sans approach roads remains unused for a long time

OUR CORRESPONDENT | 2024-01-09 00:00:00

CHANDPUR, Jan 08: A bridge built over Sundari canal in Kochua Upazila of the district has not had approach roads on its two ends yet despite its construction long before, much to the sufferings of the local residents.The authorities constructed...