Business

The US oil benchmark rebounded above $100 a barrel on Monday after peace talks between the United States and Iran failed to make a breakthrough, and with US President Donald Trump ordering a blockade of Iranian ports. Shortly after trading began, a barrel of West Texas Intermediate (WTI) for May delivery rose around eight percent to $104.50, while June delivery ...

Commerce Minister Khandakar Abdul Muktadir held separate meetings with the Ambassador of Germany, Achim Tröster, and the Ambassador of Sweden, Nicolas Weeks, on Sunday at his office in the Secretariat in Dhaka. The meetings focused on expanding bilateral trade, increasing investment, and strengthening overall economic cooperation between Bangladesh and the two European countries. During the discussions, the commerce minister said ...

Amid concerns over supplies of fuel oil and gas, two more vessels carrying Liquified Petroleum Gas (LPG) arrived at Chattogram Port on Saturday. Of the vessels, Thailand-flagged “Gas Courage” arrived from India while another tanker, “DL Lily” arrived from Malaysia. Chattogram Port Authority (CPA) Secretary Syed Refayet Hamim informed that the vessels anchored at the Bravo and Charlie anchorages of ...

UAE-based low-cost carrier Air Arabia has announced the partial resumption of its international flight operations starting Saturday (April 11), following disruptions caused by ongoing tensions in the Middle East. The airline stated that, subject to regulatory approvals, flights will operate from Sharjah, Abu Dhabi and Ras Al Khaimah to 49 international destinations across 17 countries. The decision has been made ...

Rising global uncertainty triggered by the Iran war has placed Bangladesh’s external trade under pressure, as imports of essential goods and industrial raw materials have declined until April this year. Businesses said volatility in global markets, a dollar shortage and higher shipping costs have cut imports and pushed large industrial groups into losses. Analysts warned that the trend could drive ...

Authorities have introduced a QR code-based “Fuel Pass” app on a pilot basis in a bid to restore transparency and discipline in the distribution of fuel across Bangladesh. Under the new system, each vehicle will be assigned a unique QR code, which must be scanned at fuel stations to receive fuel within a quota. The initiative is designed to regulate ...

Industries Minister Khandaker Abdul Muktadir on Thursday emphasised that there is no alternative to making the Bangladesh economy more competitive and resilient as the country prepares to graduate from the Least Developed Country (LDC) status. “In the current global context, taking effective and rapid action is no longer optional,” he said while speaking as the chief guest at a function ...

Amid the concerns over supplies, two more vessels carrying 51,000 tonnes of octane and furnace oil arrived at Chattogram Port on Wednesday (8 April). Of the vessels, Marshall Islands-flagged “MT Central Star” is carrying 26,000 tonnes of octane from Malaysia. Besides, another tanker “MT Eastern Quince” is carrying 25,000 tonnes of furnace oil. Chattogram Port Authority (CPA) Secretary Syed Refayet ...

Gold prices in Bangladesh have been reduced by Tk4,432 per bhori, with the price of 22-carat gold now set at Tk247,977, according to the Bangladesh Jeweller’s Association (BAJUS). In a statement issued on Thursday (9 April) morning, BAJUS said the new prices were fixed considering the overall market situation, particularly a decline in the price of pure gold (tejabi gold) ...

UK house prices fell in March, as the housing market lost momentum amid uncertainty over the conflict in the Middle East and the impact on the economy and interest rates. Figures from Halifax, which is part of Lloyds – Britain’s biggest mortgage lender – showed property prices dipped by 0.5% in March compared with a month earlier. As a result, ...