Govt to export 11,000 tonnes of hilsa to KSA, UAE for Bangladeshi expatriates
Govt to export 11,000 tonnes of hilsa to KSA, UAE for Bangladeshi expatriates

The government has decided to export 11,000 metric tonnes of hilsa to Saudi Arabia and the United Arab Emirates (UAE) for Bangladeshi expatriates. Following the request from Bangladeshi expatriates, who contribute significantly to the countrys economy through remittances and have shown...

Somali pirates head back to sea
Somali pirates head back to sea

Shipping has been warned that Somali pirates are back hunting for targets. British maritime security consultants Ambrey has issued a notice to clients detailing a suspected pirate action group sighted departing Marreya, Eyl, to the northeast of Somalia. Merchant vessels are advised to...

High interest rates deepen trouble for businesses and employment
High interest rates deepen trouble for businesses and employment

The surge in inflation is eroding household incomes and employment opportunities, driven largely by rising bank loan interest rates and reduced production. While depositors may benefit from higher interest rates, the banking sector and businesses face significant challenges. Banks are struggling...

Emirates cancels some flights to the US
Emirates cancels some flights to the US

Emirates Airlines has cancelled its flights to Houston, Texas, amid severe weather conditions. In a travel update shared on its website, the airline said, Flight EK211 Dubai to Houston and EK212 Houston to Dubai flights operating on January 21 have been cancelled. The airline said it regrets...

Businessmen backed against the wall
Businessmen backed against the wall

Resentment among businessmen is mounting as they feel increasingly cornered by the challenges facing the economy. With no clear guidance to revive trade and business, many have turned to Bangladesh Bank Governor Ahsan H. Mansur, presenting a nine-point set of demands aimed at easing their burden....

Magisterial powers of armed forces extended for another 60 days
Magisterial powers of armed forces extended for another 60 days

The Ministry of Public Administration announced on Sunday that the magisterial powers of Army, Navy, and Air Force officers have been extended for another 60 days, effective from January 14. This marks the second extension. According to the notification, Army captains and equivalent commissioned...

IMF predicts steady global growth, disinflation for 2025
IMF predicts steady global growth, disinflation for 2025

The International Monetary Fund (IMF) expects steady global economic growth and ongoing disinflation in 2025, IMF Managing Director Kristalina Georgieva revealed ahead of the updated World Economic Outlook release on January 17, reports Reuters. Georgieva highlighted that the U.S. economy is...

Factories closing, stagnation in investment
Factories closing, stagnation in investment

With a growing number of factory closures, Bangladeshs economic outlook is becoming increasingly uncertain; also stagnant investment is signaling a broader crisis. Private sector credit has hit a 42-month low, while rising interest rates and a faltering business environment have dampened both...

Iran, UAE urge to halt Israeli attacks on Syria
Iran, UAE urge to halt Israeli attacks on Syria

Iran and the United Arab Emirates called for an immediate end to the Israeli regimes military strikes against Syria. In a telephone conversation on Thursday, Iranian Foreign Minister Abbas Araqchi and his Emirati counterpart Sheikh Abdullah bin Zayed bin Sultan Al Nahyan talked about the latest...

US Fed officials see inflation fight on track
US Fed officials see inflation fight on track

The US appears on track to hit its long-term target of two percent inflation despite a recent uptick, three Federal Reserve officials said Monday, with one indicating tentative support for another rate cut this month. The US central bank has been on a journey since the Covid-19 pandemic, hiking...

Emirates unveils its first A350 aircraft
Emirates unveils its first A350 aircraft

Emirates has officially unveiled the very first Airbus A350-900 to join its fleet at an exclusive event showcase in Dubai on Wednesday. The Emirates A350 is the first new aircraft type to join Emirates fleet since 2008. Apart from its newly delivered A350, Emirates operates two other aircraft...