Turkey eyes $6B defense deal with Saudi Arabia, expanding military cooperation
Turkey eyes $6B defense deal with Saudi Arabia, expanding military cooperation

Turkey is reportedly aiming to secure a $6 billion defense deal with Saudi Arabia, which would encompass warships, tanks, and missile systems, according to a Monday report. The agreement, which may also see Saudi Arabia participating in Turkeys fighter jet development program, could be finalized...

US’s Argent LNG sets deal with Bangladesh govt to supply 5m tons of LNG annually
US’s Argent LNG sets deal with Bangladesh govt to supply 5m tons of LNG annually

Argent LNG, developing a 25 million metric tons per annum (MTPA) LNG facility in Louisiana, has signed a non-binding agreement with the government of Bangladesh to supply up to 5 million metric tons of liquefied natural gas (LNG) annually, the company announced on Friday, reports Reuters. This...

Billion-dollar earnings expected from agricultural exports
Billion-dollar earnings expected from agricultural exports

Following a decline in the past two years, exports of agricultural and food products have picked up pace. Consequently, agricultural export earnings are expected to hit the billion-dollar mark by the end of the 2024-25 fiscal year. This positive outlook comes from industry stakeholders after...

US announces new restrictions on AI chip exports
US announces new restrictions on AI chip exports

The United States introduced new export rules for advanced AI computing chips on Monday, aimed at boosting sales to allied nations and limiting access to countries such as China, reports AFP. The restrictions, which also include rules on weights for closed AI models, build on curbs announced in...

Overvaluation of taka threatens exports & remittances
Overvaluation of taka threatens exports & remittances

Economists and business leaders have raised concerns that the overvaluation of the taka, compared to the currencies of Bangladeshs trade partners, may negatively impact the countrys key foreign exchange sourcesexports and remittances. While these sectors have contributed to foreign currency...

Maldives strengthens ties with China; FTA set to take effect on January 1
Maldives strengthens ties with China; FTA set to take effect on January 1

The China-Maldives Free Trade Agreement (FTA) is set to come into effect on January 1, 2025, signaling a new chapter in the strategic partnership between the two nations. This milestone was announced during a special ceremony attended in person by Maldives Minister of Economic Development and Trade...

Qatar vows to halt EU gas sales over due diligence law
Qatar vows to halt EU gas sales over due diligence law

Qatar will cease gas exports to the European Union if the bloc enforces its new corporate due diligence law, Reuters said, the energy minister of the country Saad al-Kaabi warned in an interview with the Financial Times published on Sunday. The Corporate Sustainability Due Diligence Directive,...

Annual expenditure totals $14 billion with India
Annual expenditure totals $14 billion with India

Bangladesh has emerged as Indias largest trading partner in South Asia, primarily due to its growing import dependence. In return, India stands as Bangladeshs second-largest trading partner in Asia. However, despite this robust bilateral trade, Dhaka has struggled to capitalize fully on the...