Russia, UAE agree to help balance energy market

MOSCOW, Russia, June 02 (AFP): Russia and Abu Dhabi on Friday signed a cooperation agreement to stabilise energy markets amid a rising trend in oil prices, the Kremlin said.The deal, signed by Russian President Vladimir Putin and Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, calls for both countries to...

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IMF releases $250m of Sri Lanka loan

COLOMBO, June 2 (AFP): The International Monetary Fund (IMF) announced the release of the latest instalment of Sri Lanka's $1.5 billion bailout on Saturday, but warned that restructuring the loss-making national airline was essential to sustain economic recovery.The IMF welcomed the island nation's increase in fuel prices last month -a...

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One Bank Chairman Sayeed H Chowdhury presiding o

One Bank Chairman Sayeed H Chowdhury presiding over the 19th annual general meeting (AGM) of the bank in the city recently. The AGM approved 15 per cent cash and 5.0 per cent stock dividends for the shareholders. Managing Director M Fakhrul Alam was also present

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