Business

Qatar appears to have loaded its first liquefied natural gas cargo after the widening conflict in the Middle East forced it to halt fuel production and declare an unprecedented force majeure to buyers. The tanker departed from the LNG export complex on Friday, and its draft level increased suggesting a cargo on board, Bloomberg reported. The vessel is signaling Bangladesh ...

Dubai airport, the world’s busiest for international traffic, suspended operations on Saturday after an aerial interception in the area during attacks from Iran. “For the safety of passengers, airport staff, and airline crew, operations at Dubai International (DXB) have been temporarily suspended,” the government’s Dubai Media Office said in a social media post. The announcement came shortly after the aerial ...

The ongoing conflict in the Middle East and rising security risks in regional airspace have severely disrupted the flight schedule of Biman Bangladesh Airlines. In response to the situation, the state-owned airline has announced the cancellation of all flights on six major Middle Eastern routes until 8 March. Earlier, flights on these routes were suspended from 3 March to 5 ...

The government has imposed limits on fuel purchases per vehicle as authorities seek to curb panic buying and prevent shortages amid global supply disruptions linked to the ongoing US-Israel conflict involving Iran. In a notification issued on Friday, the Bangladesh Petroleum Corporation (BPC) outlined new caps on the amount of fuel consumers can purchase at filling stations. Under the new ...

Ahsan H Mansur assumed leadership of Bangladesh’s central bank in August 2024 with a strong pledge to reform the country’s fragile economy and tackle corruption and disorder in the financial sector. However, information obtained by Bangladesh Pratidin suggests a different side of the story. According to the report, a court in the United States had previously found him guilty of ...

Authorities have shut five of the country’s six urea fertiliser factories as a precaution amid fears of gas supply disruptions caused by the widening war in the Middle East and Iran’s closure of the Hormuz Strait, a key global energy route. From Wednesday, gas supplies to the urea plants, including one privately owned unit, were suspended as part of an ...

Global economic resilience was being tested by the war in the Middle East, the head of the IMF Kristalina Georgieva warned Thursday. “This week global resilience is tested yet again by the new conflict in the Middle East,” Georgieva said during a livestream of the “Asia in 2050” conference in Bangkok. “This conflict, if proven to be more prolonged, has ...

A total of 189 Bangladeshi nationals, stranded in Dubai of United Arab Emirates, due to suspended flights amid the ongoing Middle East tensions, have returned home on a special flight. The special flight, operated by US-Bangla Airlines, landed at Hazrat Shahjalal International Airport in the capital at about 7:07AM on Thursday (March 5). Considering the current situation in the Middle ...

Gold prices dropped sharply in the domestic market after six consecutive hikes, bringing relief to buyers. Bangladesh Jewellers Association announced on Wednesday morning that it has reduced the price of 22-carat gold by Tk9,214 per bhori, setting the new rate at Tk268,214. The association said the revised price took effect from 10am on Wednesday. In a statement, it said the ...

Iran’s Islamic Revolutionary Guard Corps (IRGC) has announced the formal closure of the Strait of Hormuz — one of the world’s main energy shipping routes — in protest at what it described as threats to assassinate Iran’s Supreme Leader, Ayatollah Ali Khamenei. It also warned that any vessel attempting to pass through the strait in defiance of the restriction would ...