Major stock markets in the Gulf were subdued on Tuesday amid concerns of weak oil demand, even as rising expectations of a US interest rate cut next month provided some support, reports Reuters.Oil prices, a catalyst for the Gulf's financial...
LONDON, Aug 20 (Reuters): European shares hit a 2-1/2 week high on Tuesday, tracking a Wall Street rally driven by expectations that the Federal Reserve could offer further hints of imminent rate cuts later this week.With the data calendar relatively...
The 349th meeting of the Board of Directors of Islamic Finance and Investment Limited (IFIL) was held at its head office on Tuesday. K.B.M. Moin Uddin Chisty, Chairman of the Board of Directors of IFIL, presided over the meeting. Among...
Jiban Bima Corporation Managing Director and Additional Secretary of the government Md Muhibuzzaman and others present a bouquet to JBC General Manager Abul Khayer Mohammad Hafizullah Khan (joint secretary) at a farewell reception at the JBC head office in the...
A Memorandum of Understanding (MoU) was signed between National Bank Limited and York Hospital Limited recently. The document of the agreement was handed over at the bank's head office on Monday. Md. Touhidul Alam Khan, Managing Director & CEO of...
The 35th Annual General Meeting (AGM) of state-owned BASIC Bank Limited was held at its head office on Tuesday. Prof Dr. Abul Hashem, chairman of the bank, presided over the meeting. Md. Shah Alam, additional secretary, Financial Institutions Division, Ministry...
Agricultural scientist and biotechnologist Dr Md Abdullah Yousuf Akhond has been appointed as the Director General (Routine Charge) of Bangladesh Agricultural Research Institute (BARI), says a press release. Previously, he served as the Director (Research) of BARI, Gazipur.Dr Akhond started...
Shahjalal Islami Bank signed a Memorandum of Understanding (MoU) with Purple Care Limited at the bank's SIB Tower Branch on Sunday. The bank's Additional Managing Director S.M. Mainuddin Chowdhury, the Head of SME and AgriInvestment Division Abdur Rahim and Branch...
National Credit and Commerce (NCC) Bank has launched Visa debit, credit, and prepaid card for women. Managing Director and Chief Executive Officer M Shamsul Arefin launched the cards on Monday at the bank's head office. Deputy Managing Director (DMD) Md....
FE REPORT | 2024-08-21 00:00:00
The securities regulator has imposed restrictions on purchase, sale, and transfer of shares by the entities of S Alam Group, its owners and family members of six banks.Five of the banks involved are listed on the stock exchanges.To this effect,...
FE REPORT | 2024-08-21 00:00:00
The Bangladesh Financial Intelligence Unit (BFIU) has issued an order to freeze the bank accounts of eight individuals, including former chairman of the Bangladesh Securities and Exchange Commission (BSEC) Shibli Rubayat-Ul Islam and his son Juhair Sharar Islam.Additional director Mr....
MOHAMMAD MUFAZZAL | 2024-08-21 00:00:00
The exchanges do not have the legal right to sell stakes of brokers in their custody when it comes to settling claims of investors who have fallen victim to financial frauds committed by the intermediaries.That is one major factor as...
ONE Bank PLC and Software Shop Limited signed a Memorandum of Understanding (MOU) to integrate the Shohoz online ticketing platform into the OK Wallet App. Under this agreement, OK Wallet customers can purchase bus tickets using the Shohoz online ticketing...
Al-Arafah Islami Bank (AIB) PLC. has opened 221st branch at Sirajganj Sadar on Tuesday. Director of the bank Md. Anowar Hossain inaugurated the branch as the chief guest while Vice Chairman of the bank Abu Naser Md. Yeahea was present...
MUMBAI, Aug 20 (Reuters): Indian banks need to carefully monitor the gap between credit and deposit growth to avoid a potential structural liquidity issue, the governor of the Reserve Bank of India (RBI) said on Tuesday."Young Indians are aspirational. They...
Bangladesh Bank has increased its supply of foreign currency to the Energy and Mineral Resources Division to continue its import of petroleum fuels and gas from abroad and also from locally operating foreign companies, reports UNB.According to officials, the Energy...
SINGAPORE, Aug 20 (Reuters): Bangladesh's Summit Group plans to renegotiate preliminary deals to import renewable power from India after a recent rule change by New Delhi allowed generators that exclusively export their electricity to sell locally, the utility's chairman said.India...
YASIR WARDAD | 2024-08-21 00:00:00
Prices of onions and chillies still remain high despite a surge in imports in recent weeks, insiders said. On Tuesday, onions are being retailed at Tk 110-130 per kg, and green chillies at Tk 200-240 per kg.Locally grown onions are...
MASON, Ohio, Aug 20 (AP): Top-ranked Jannik Sinner and women's No. 2 Aryna Sabalenka earned straight-set victories in the finals of the Cincinnati Open on Monday, the first titles at the tournament for both players.Sabalenka defeated Jessica Pegula 6-3, 7-5...
BUENOS AIRES, Argentina (Agencies): Lionel Messi will not play in Argentina's next two World Cup qualifiers because of injury.Argentina coach Lionel Scaloni announced his 28-man squad on Monday for the matches against Chile on September 05 and Colombia five days...
LONDON, Aug 20 (AFP): England head into the first Test against Sri Lanka at Old Trafford starting Wednesday with several players given a chance to prove a point after captain Ben Stokes's series-ending injury.Star all-rounder Stokes is set to play...
The ICC Women's T20 World Cup is likely to be moved from Bangladesh to the UAE, according to indications from the recent International Cricket Council (ICC) Board meeting, which took place virtually on Tuesday, according o Cricbuzz. The tournament is...
Bangladesh Cricket Board (BCB) finds itself in a soup after the ongoing political situation in the country. The cricketing system has suffered from the butterfly effect and it has become a cause of concern for the sport administration in Bangladesh,...
RAWALPINDI, Pakistan, Aug 20 (AP): Bangladesh is pinning its hopes on all-rounder and former lawmaker Shakib Al Hasan to "do something special" against pace-heavy Pakistan in the opening test of the two-match series, starting Wednesday.Bangladesh's cricket captain on Tuesday was...
PANCHAGARH, Aug 20 (BSS): Aush paddy harvesting nears completion in the district as the farmers and agricultural officials are happy to see its bumper production.Department of Agricultural Extensions (DAE) officials attributed bumper Aush yield to favourable weather condition.They said Aush...
OUR CORRESPONDENT | 2024-08-21 00:00:00
SYLHET, Aug 20: Amid a good yield of various fruits on the hillocks of Moulvi-bazar, Habiganj and Sylhet districts, there has been a good supply to different markets in the region for weeks.Although there has been a good demand and...
GOPALGANJ, Aug 20 (BSS): A youth was killed in a road accident as a Nosimon, locally-made three wheeler vehicle, overturned on Gopalganj-Tekerhat road in Sadar upazila here on Monday afternoon.The deceased was identified as Md Hamim Khan, 17, hailed from...
FENI, Aug 20 (UNB): Continuous heavy rainfall and onrush of water from the upstream have inundated extensive areas in the Feni's of Parshuram and Fulgazi upazilas.Nearly 70 villages have been flooded as the Muhuri River crossed the danger level. This...
OUR CORRESPONDENT | 2024-08-21 00:00:00
GOPALGANJ, Aug 20: Bajunia-Ramdia district highway under Sadar upazila in the district is in a sorry state, which may cause fatal accident any time.Binay Sarker Anadi, chairman of the Sahapur Union Parishad, told the FE that the 30-km Bajunia-Ramdia road...
SEOUL, Aug 20 (AFP): A North Korean defected to the South by walking across the heavily fortified border that separates the peninsula, Seoul's military said Tuesday.Tens of thousands of North Koreans have fled to South Korea since the peninsula was...
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