DHAKA: The Gulf Monetary Council has dismissed media reports that it had set a date for the launch of a single currency for Arab Gulf countries.‘The Monetary Council affirms that the reports by some newspapers and websites over the date of the issuing of the single Gulf currency are

DHAKA: A total of 1,667 smartphones worth around Taka seven crore have been in cargo area at Hazarat Shahjalal International Airport.Dhaka Customs House Assistant Commissioner Kamrul Hasan on Tuesday told banglanews that they seized the haulage on Sunday.He said some 99 i-phone 5, 77

DHAKA: From the slums of Bangladesh to the fashion houses of the world, luxury leather goods from Dhaka generate sales of more than $1bn a year.There are more than 200 tanneries in Hazaribagh, Dhaka, employing more than 30,000 workers.Every day, the tanneries discharge 21,000 cubic metres

DHAKA: Investors witnessed gain in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 112 points to stand at 4,310 at the close on the third trading day of the week.Trade deals stood at 120782with transaction at Tk 5415

DHAKA: The 216th Board Meeting of Standard Bank Ltd was held recently in the Board Room of Head Office of the bank. Kazi Akram Uddin Ahmed, Chairman of the Board of Directors of the Bank presided over the meeting. It was attended by Vice Chairman of the bank Ashok Kumar Saha & Directors

DHAKA: Bangladesh Garment Manufacturers & Exporters Association (BGMEA) will give memorandum to Prime Minister Sheikh Hasina and opposition leader Khaleda Zia stopping political violence.The apex body of garments traders is set to place the memorandum to the two top leaders on Monday

DHAKA: Four Gulf Cooperation Council (GCC) countries will announce the introduction of a common currency by the end of December.A Bahraini daily reported on Sunday, reports gulfnews.com.The common currency to be announced by Bahrain, Kuwait, Qatar and Saudi Arabia will be pegged to the

DHAKA: German telecoms giant Deutsche Telekom is planning to axe 4,000-6,000 jobs in a radical shake-up of its IT services subsidiary, T-Systems.The business daily Handelsblatt reported on Monday, says The Straits Times.Quoting company sources, the newspaper said that the unit’s

DHAKA: David Cameron has promised to create a ‘partnership for growth and reform’ as he visits China on a trade mission with more than 100 UK business leaders.The prime minister also pledged to put his ‘full political weight’ behind a proposed agreement to free up trading between

DHAKA: The Bangladesh mobile user base rose to 111.79 million in October from 108.68 million in September. Grameenphone brought its customer base to 46.66 million from 46.04 million a month earlier and Banglalink ended November with 28.39 million customers, up from 28.10 million, figures

DHAKA: Top business leaders issued a seven-day ultimatum to arrest culprits for their involvement in setting fire to four garments factories of Standard Group.President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Kazi Akram Uddin Ahmed told reporters at a

DHAKA: Prime Bank Eye Hospital, an initiative of Prime Bank Foundation, a concern of Prime Bank Limited, has launched a free eye care camp recently at the premises of Qazi Salima Huq Mohila Degree College at Mohammadpur upazila of the district.Former Chairman of Prime Bank Limited and

DHAKA: A workshop on ‘Green Banking’ was organized for the officials of IFIC Bank Ltd, private commercial bank of Bangladesh at the bank’s Training Institute on Saturday.Khondkar Morshed Millat, Deputy General Manager, Bangladesh Bank conducted the workshop. Officials from various

DHAKA: Bangladesh`s foreign exchange reserves declined by $17.11 billion at the end of November to $17.35 billion in October, official data showed. Reserves turn down in November due to bi-monthly import payments to the Asian Clearing Union totaling about $800 million, the central bank

DHAKA:  Investors witnessed sharp fall in benchmark indices of the country’s bourses on Sunday.The key index of Dhaka Stock Exchange, DSEX, shed over 83 points only to stand at 4,147 at the close on the first trading day of the week.Trade deals stood at 94,379 with volume of

DHAKA: The prize giving ceremony of Bashundhara LP Gas ‘Festival Offer-2013’ was held at Bashundhara City through distribution of 40 prizes among 25 dealers of Bashundhara LP Gas on Saturday.Eminent writer Imdadul Haque Milon, also editor of the Daily Kaler Kontho’ was present in

DHAKA: Country’s leading business conglomerate Bashunadhara group has initiated their new voyage on food and beverage arena inaugurating ‘Bashundhara Food and Beverage Industries Ltd.’ on Friday.Bashunadhara Group Chairman Ahmed Akbar Sobhan inaugurated the new industrial

DHAKA: The Bangladesh Bank asked the authorities concerned to keep the schedule banks of the country open on Saturday with a view to submitting the nomination papers of the upcoming general elections.Assistant spokesperson for the central bank AFM Asaduzzaman came up with the disclosure

DHAKA: Dubai has been chosen to host the World Expo trade convention in 2020, beating off rival bids from Brazil, Turkey and Russia.Fireworks exploded from the Burj Khalifa, the world’s tallest building, following the announcement in Paris, reports the BBC.Dubai will be the first Middle

DHAKA: Investors witnessed sharp fall in the benchmark indices of the country’s bourses on Thursday.The key index of Dhaka Stocks Exchange, DSEX, shed over 37 points to stand at 4,230 at the close on the last trading day of the week.Trade deals stood at 101,115 with transaction at Tk