Saudi Arabia’s Islamic Trade Finance Corporation (ITFC) has signed an agreement to invest 1.4 billion US dollars in Bangladesh Petroleum Corporation (BPC). The Saudi Press Agency, the country’s state news agency, said in a report that the agreement was signed on Monday (March 25). ITFC is a part of the Islamic Development Bank of Saudi […]
Read MoreIndia’s currency continues to depreciate against the US dollar. The currency also depreciated on Friday. The value of the Indian rupee has fallen to an all-time low. This information has been revealed in a report by the news agency Reuters and Indian Express. According to the report, the price of the main international currency US […]
Read MoreSaudi Arabia’s Public Investment Fund (PIF) is reportedly in early discussions to acquire the national carrier, Saudia, as part of its ambitious plans to transform the kingdom into a tourism powerhouse. Sources familiar with the matter revealed that the sovereign wealth fund is contemplating a potential deal that would integrate Saudia, with its 80-year legacy, […]
Read MoreChina’s economic performance in the initial months of 2024 has presented a tale of two sectors, with industrial output and retail sales painting a promising picture, while the property market continues to grapple with challenges, leaving policymakers with a complex balancing act. Data released by the National Bureau of Statistics (NBS) showcased a robust industrial […]
Read MoreIn a landmark move bolstering economic cooperation and strategic partnership, United States Commerce Secretary Gina Raimondo unveiled plans for US companies to invest over $1 billion in the Philippines during her official visit to Manila. Raimondo’s visit marks the initiation of a two-day trade and investment mission, representing the first of its kind for the […]
Read MoreGlobal oil prices experienced a decline on Monday, with Brent futures slipping below $82 a barrel, driven by a combination of persistent geopolitical concerns in the Middle East and uncertainties about softening demand in China. As of 1222 GMT, Brent futures were down 31 cents at $81.77 a barrel, while US West Texas Intermediate (WTI) […]
Read MoreIn a move aimed at enhancing the competitiveness of Bangladesh’s leather sector, the government is considering a reduction in the source tax on leather goods exports from 1% to 0.5%. The potential tax cut is anticipated to boost the leather industry, which has faced challenges in accessing certain markets and competing on pricing due to […]
Read MoreIn a landmark development, India and the European Free Trade Association (EFTA), comprising non-European Union nations such as Norway, Switzerland, Iceland, and Liechtenstein, have officially inked a historic $100-billion free trade agreement. The deal, named the India-EFTA Trade and Economic Partnership Agreement (TEPA), is set to usher in a new era of economic collaboration, with […]
Read MoreChina, the world’s second-largest economy, experienced a positive turn of events as consumer prices rose in February for the first time since August, according to data from Beijing’s National Bureau of Statistics (NBS). The 0.7 percent increase, higher than the expected 0.3 percent, provided a rare bright spot amid challenges such as the lowest growth […]
Read MoreUAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan has expressed a keen interest in elevating the diplomatic ties between the United Arab Emirates (UAE) and Bangladesh to a strategic partnership. The announcement came during a bilateral meeting held today at the royal palace in Al Ain, Abu Dhabi. Sheikh Abdullah proposed the signing of […]
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