Business

Md Mahbub ul Alam, managing director and chief executive officer of Islami Bank Bangladesh Limited, has achieved ‘CEO of the Year 2019’. The award was conferred by UK-based financial intelligence house Cambridge International Financial Advisory.Dr. Sofiza Azmi, CEO of Cambridge IFA handed over the award to Md. Mahbub ul Alam at the 5th Islamic Retail Banking Awards program recently.

The US has expanded its lawsuit against Huawei, accusing the Chinese telecoms giant of a “decades-long” plan to steal technology from US firms, reports BBC. Prosecutors said Huawei had violated the terms of partnerships with US companies and stolen trade secrets such as source code and robot technology.It adds to a list of other charges brought by the US last ...

Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs. Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest gains came as worries about the economic impact of the virus outbreak that originated in China continued to subside. ...

A financial institution has come up with first ever loan scheme for persons with 18 years old and above to buy books in the ‘Amar Ekushey Grantha Mela’ aiming to encourage booklovers to read more books. The IPDC Finance Limited has introduced interest-free book loan scheme titled “Subodh at Amar Ekushey Book Fair-2020”, setting an inspirational instance to motivate people ...

Monday 3rd February sees the launch of the Teach Me Islam App and platform (TMI).The app is the brainchild of Nabeela Raza a 25 year old female entrepreneur whose own experiences led her to creating this app. TMI is all about bringing Islamic education into the 21st century, the new app allows parents to browse tutor profiles and select a local Islamic ...

Prices of goods imported from China mark a rise in Bangladesh Photo : A woman walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in Tokyo Monday, Feb. 10, 2020. Asian stock markets slid Monday after China reported an uptick in new cases of its virus outbreak and analysts warned optimism the disease is ...

Companies around the world are waiting for China to re-open its factories and plants on Monday, reports BBC. If this does not happen, major brands from car makers to tech giants will struggle to make their products.Inventories are already running low following widespread shutdowns at Chinese factories forced to close to prevent the spread of the coroanvirus. China, known as ...

Uber’s business continues to grow, but so do its losses. The firm lost $1.1bn (£851m) in the last three months of 2019, even as revenue jumped 37% to $4bn and the number of trips made on its platform rose by 28%.Spending to expand its Uber Eats food delivery business hurt the firm’s bottom line, reports BBC. Uber boss Dara Khosrowshahi ...

Flower farmers in Jashore’s Jhikargacha say they expect to sell flowers worth Tk 70-80 crore ahead of Pahela Falgun, Valentine’s Day and International Mother Language Day this month. According to Bangladesh Flower Society, 8000-10,000 florists are involved in flower cultivation in around 3,500 hectares of land there. Around 12 species of flowers are cultivated here. Among the total cultivation, gladiolus ...

British energy giant BP on Tuesday said annual net profit slid to $4.0 billion last year, hit by weaker oil prices. The figure was down sharply compared with profit after tax of $9.38 billion in 2018, the company said in a statement.