Category: Business

sadiq ahmed quits central bank amid policy turmoil Sadiq Ahmed Quits Central Bank Amid Policy Turmoil

Sadiq Ahmed Quits Central Bank Amid Policy Turmoil

The financial landscape of Bangladesh has been jolted by the sudden resignation of renowned economist Dr Sadiq Ahmed from the Monetary Policy Committee (MPC) of Bangladesh Bank. This high-profile departure coincided with the abrupt postponement of a critical meeting intended to slash interest rates, signaling a burgeoning rift within the nation’s top monetary authority. A […]
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hormuz crisis drives surge in global insurance premiums Hormuz Crisis Drives Surge in Global Insurance Premiums

Hormuz Crisis Drives Surge in Global Insurance Premiums

The escalating military volatility surrounding the Strait of Hormuz has fundamentally reshaped the economics of global shipping. As security risks intensify in this vital maritime chokepoint, the industry is grappling with a dramatic spike in charter rates and a surge in “war-risk” insurance premiums. This financial turbulence threatens to destabilise international trade and exert significant […]
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london marine insurers extend gulf high risk zones London Marine Insurers Extend Gulf High-Risk Zones

London Marine Insurers Extend Gulf High-Risk Zones

LONDON, 3 March (Reuters) – London’s marine insurance sector has broadened the Gulf regions it considers high-risk following escalating hostilities in the Middle East, according to an advisory released on Tuesday. The move reflects growing concerns among underwriters about potential threats to vessels navigating these strategic waterways. The guidance comes from the Joint War Committee […]
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sun life celebrates 100th office milestone Sun Life Celebrates 100th Office Milestone

Sun Life Celebrates 100th Office Milestone

Sun Life Philippines has significantly strengthened its nationwide presence by inaugurating three new New Business Offices (NBOs), bringing the company’s total office count to an impressive 100. This milestone marks a key step towards achieving its growth targets for 2026 and reflects the company’s ongoing commitment to enhancing customer service and making financial advisors more […]
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uae insurance sector poised for double digit growth UAE Insurance Sector Poised for Double-Digit Growth

UAE Insurance Sector Poised for Double-Digit Growth

The insurance sector in the United Arab Emirates is experiencing a period of robust expansion, with industry experts projecting sustained double-digit growth over the coming years. Currently valued at approximately 64–65 billion dirhams in written premiums, the sector’s momentum is being driven by economic diversification, mandatory health and motor insurance frameworks, and a strong regulatory […]
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bank mergers to continue governor confirms Bank Mergers to Continue, Governor Confirms

Bank Mergers to Continue, Governor Confirms

Bangladesh Bank Governor Mostaqueur Rahman has affirmed that the ongoing process of bank consolidation will continue, alongside the implementation of robust measures to recover defaulted loans. He has also directed that closed factories with outstanding debts be reopened following regulatory compliance, signalling a focus on both financial stability and economic revitalisation. The announcement came during […]
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al arafah bank launches ten day iftar initiative Al-Arafah Bank Launches Ten-Day Iftar Initiative

Al-Arafah Bank Launches Ten-Day Iftar Initiative

Bangladesh’s leading Islamic financial institution, Al-Arafah Islami Bank, has inaugurated a ten-day iftar distribution programme in observance of the holy month of Ramadan. According to an official press release, the initiative is designed to support underprivileged and often overlooked members of society, including those who rely on street food for daily sustenance. The official launch […]
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ncc bank marks financial literacy day 2026 NCC Bank Marks Financial Literacy Day 2026

NCC Bank Marks Financial Literacy Day 2026

NCC Bank has proudly observed Financial Literacy Day 2026 with the objective of promoting financial inclusion across the nation and encouraging safe, digital, and paperless banking practices. This year’s theme, “Safe Cashless Transactions Begin with Financial Literacy”, reflects the bank’s commitment to providing responsible, technology-driven financial services while fostering secure banking habits among its customers. […]
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islami bank launches khidmah credit card Islami Bank Launches Khidmah Credit Card

Islami Bank Launches Khidmah Credit Card

Islami Bank Bangladesh PLC has officially launched its latest financial innovation, the Khidmah Credit Card, marking a significant expansion of the bank’s international transaction services. The unveiling took place at a formal ceremony at the Islami Bank Tower in Dhaka, attended by senior bank executives as well as representatives from international partner institutions. Bank officials […]
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