Economy
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Saudi Arabia reportedly set to invest $30bn in Bangladesh
Shehab Sumon: Some of Saudi Arabia’s top companies are looking to invest around $30 billion in a number of Bangladesh’s…
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Saudi Aramco shares priced at $8.53 in biggest IPO in history
Saudi Aramco has priced its initial public offering at $8.53 (SR32) per share making it the biggest IPO in history.…
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Black Friday online sales hit record $7.4 bln
This year’s Black Friday was the biggest ever for online sales, and Adobe Analytics says carts filled on phones, computers,…
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Turkish Airlines posts over TL 2.5B net profit in first 9 months
National flag carrier Turkish Airlines (THY) posted a net profit of over TL 2.5 billion in the first nine months…
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Saudi Aramco IPO offering to launch Nov.17
Saudi Aramco said it would start taking bids from investors on Nov. 17 in a highly anticipated stock offering, as…
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HSBC planning to cut 10,000 more posts
HSBC is planning to lay off up to 10,000 staff, a report said Monday, just weeks after its chief executive…
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UAE investors to inject $10bn in Bangladesh economic zones
Shehab Sumon: UAE-based investors have lined up several new projects including five free economic zones worth $10 billion in Bangladesh,…
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UK stands to lose $16 bln on EU exports in case of no-deal Brexit
If Britain leaves the European Union without a deal, it could lose at least $16 billion annually on exports to…
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World Bank approves $100 million for Bangladesh
World Bank has approved $100 million to improve water supply and sanitation system in 30 Bangladesh municipalities. The “Municipal Water…
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Saudi Aramco reports 2018 net income of $111.1 bln
Saudi Aramco reported on Wednesday a net income attributable to shareholders of $111.1 billion in 2018, up from $75.9 billion…
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Britain’s deficit hits 17-year low
Britain’s deficit improved last year to reach its lowest level for 17 years on bumper tax revenues and lingering state…
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UK losing £6.6bn pounds a quarter since Brexit referendum
The United Kingdom has lost £6.6 billion ($8.7 billion) in economic activity every quarter since it voted to leave the…
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Bitcoin ATM arrives in Dubai
A digital kiosk, or an ATM machine, has been installed to buy Bitcoins in Dubai, the first-of-its-kind project in the…
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Southeast Financial Services unveils Smart Remit app for Bangladeshi expats
Antony Peyton: London-based Southeast Financial Services (SFSL), a subsidiary of Bangladesh’s Southeast Bank, has launched its SmartRemit app for Bangladeshi…
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UAE, Saudi announce launch of common digital currency ‘Aber’
Central banks of the UAE and Saudi Arabia on Tuesday announced that a digital currency the two countries are currently…
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