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Iqbal Ahmed OBE features in The Sunday Times Rich List 2015

AS one of three enterprising brothers who came to the UK from Bangladesh as children and created a wealth of £205 million pounds seafood processing, restaurant and cash and carry empire, it’s no surprise that Iqbal Ahmed has been featured as 466th with his family on Sunday Times’ 2015 Rich List. Iqabal Ahmed’s Seamark Group, a £125 million Manchester Based ...

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NRB bank opens its 13th branch in Dilkusha

NRB bank opens its 13th branch in Dilkusha NRB Bank recently opened its 13th branch in Dilkusha Commiercial Area in Dhaka.  Chairman of the Bank, Iqbal Ahmed OBE formally inaugurated the Dilkusha branch.  Among other who were present in inaugurating ceremony included Bank’s Managing Director and CEO Mukhlesur Rahman, Bank’s directors, senior officers and local guests.

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Bangladesh Bank says interest on bank loan is down

The central bank says the rates of interest on bank loans have declined. A media statement of Bangladesh Bank said on Tuesday: “The average interest rate was 12.23 percent in February. It dropped to 11.93 percent at the end of March.” The watchdog said the interest rate spread came under 5 percent because of its close monitoring. “At the end ...

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Ramadan is just around the corner, are you ready?

Ramadan is six weeks away and a pre-hand preparation of the self and a spiritual warm up is due in order to be fit enough as well as work hard to attain the great rejuvenation of the annual holy month. As the blessed month await, many others also prepare for fasting months in advance as they set off to shop ...

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FIRST ROADSHOW AND LAUNCH of ‘The Catering Circle’ TO DISCUSS HOW TO SAVE THE CURRY HOUSES OF THE FUTURE

Everyone has a favourite ‘ curry house’ and Curry is one of Britain’s most loved food. Currently it is a huge industry generating over £4.1 billion for the economy with over 15,000 outlets in the UK. Yet the industry is struggling to survive. Agroup of around 100 Southend curry houses and businesses gathered to discuss the slow death ofthe curry house in Britain.   The event ...

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Plea for modern methods in business

The state minister for foreign affairs has stressed the application of scientific and modern methods in business management to increase profits. M Shahriar Alam was inaugurating a two-day training for the management officials of various businesses in Dhaka. He said modern management methods could generate more profits and employment, thus ensuring greater private sector contribution to Bangladesh’s economy. He also ...

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Bangladesh Bank instructs banks to cut interest on loans

Commercial banks have not brought down lending rates, despite a cut in interests on deposits, says the Bangladesh Bank. “Bangladesh Bank thinks it’s necessary to cut interest rates on loans to create an investment-friendly atmosphere in the country,” reads the minutes of a bankers’ meeting held on Apr 30 at the Bangladesh Bank. It also says that Governor Atiur Rahman ...

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Bangladesh invites Thailand’s PTTEP to explore oil, gas in the Bay

Bangladesh has invited Thailand’s biggest energy firm to bid for exploration in the Bay of Bengal, to which the Forbes Global 500 company has responded positively, an official statement in Dhaka said Ambassador to Bangkok Saida Muna Tasneem extended the invite to Thai Energy Minister Narongchai Akrasanee on Thursday Narongchai said PTT Exploration and Production Pcl, as the state oil ...

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India, Bangladesh agree on coastal shipping

India and Bangladesh has finalised a draft agreement on coastal shipping to allow river vessels to carry cargo between the two countries. Government sources said that the agreement was finalised during a secretary-level talk held at New Delhi on Friday. The arrangement would allow River Sea Vessels (RSV) to carry cargo between the two neighbouring countries. In terms of berthing ...

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