Economy
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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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UAE to deposit $3 billion in Pakistan’s central bank
The United Arab Emirates plans to deposit $3 billion in Pakistan’s central bank “in the next few days”, the UAE…
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Qatar quits from OPEC
Qatar will withdraw from the Organization of Petroleum Exporting Countries (OPEC) as of January, the country’s energy minister announced on…
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‘Cryptocurrency can be used among Islamic countries’
A common cryptocurrency system should be formed for use among Islamic states, said Erol Yarar, chairman of the International Business…
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Oil market on alert as Iran sanctions hit
US sanctions against importers of Iranian oil threaten the crude oil market’s precarious balance and risk surging prices, all under…
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Turkey sets eyes on becoming Islamic finance centre
Turkey is aiming to become a centre for Islamic finance as it seeks to increase its influence in the Middle…
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Money-laundering watchdog to set first cryptocurrency rules by June
The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major…
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