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City Bank acquires US$30 million loan from OPEC Fund

City Bank recently signed a US$30 million loan agreement with OPEC Fund for International Development (the OPEC Fund) to support international trade by providing financing to import and export companies in Bangladesh, especially in the agriculture and green energy sectors. OPEC Fund Vice President Tareq Alnassar and Sheikh Mohammad Maroof, Additional Managing Director and Chief Bussiness Officer of City Bank signed an agreement in Vienna at the OPEC Fund Headquarters to promote trade of agricultural and green energy products in Bangladesh. Alnassar expressed `By partnering with City Bank to provide trade finance to suppliers in Bangladesh, the OPEC Fund will facilitate the flow of goods at a time of supply chain disruptions, thus addressing food insecurity pressures and climate change. The OPEC Fund will help import and export companies, especially those in the agriculture and green energy Read more...

EBL and Sun Pharmaceutical Sign Payroll Banking Agreement

City Bank recently signed a US$30 million loan agreement with OPEC Fund for International Development (the OPEC Fund) to support international trade by providing financing to import and export companies in Bangladesh, especially in the agriculture and green energy sectors. OPEC Fund Vice President Tareq Alnassar and Sheikh Mohammad Maroof, Additional Managing Director and Chief Bussiness Officer of City Bank signed an agreement in Vienna at the OPEC Fund Headquarters to promote trade of agricultural and green energy products in Bangladesh. Alnassar expressed `By partnering with City Bank to provide trade finance to suppliers in Bangladesh, the OPEC Fund will facilitate the flow of goods at a time of supply chain disruptions, thus addressing food insecurity pressures and climate change. The OPEC Fund will help import and export companies, especially those in the agriculture and green energy Read more...

Cox's Bazar-Mymensingh PriyoShop hub launched for business expansion

PriyoShop, Bangladesh's leading Smart Distribution Platform and fastest-growing B2B marketplace, has announced its expansion to additional geographic locations. This marks a significant step forward in its mission to empower Micro, Small, and Medium Enterprises (MSMEs) across the country. This strategic move strengthens PriyoShop's presence, bringing the total number of operational hubs to 19, including Dania, Cox's Bazar, Kallyanpur, Mymensing, Manda, Shariatpur, Khilgaon and Gazipur. The expansion is accompanied by a robust network of 51 exclusive partnerships, encompassing over 200 local and international brands, offering a diverse range of more than 4,000+ SKUs of FMCG. Asikul Alam Khan, Founder & CEO of PriyoShop, states, "This expansion allows us to further our commitment by providing easier access to a wider variety of FMCGs, ultimately contributing to the Read more...

Emirates to ensure seamless Hajj-centric experience

This Hajj season, Emirates is geared up to serve the large volume of pilgrims making their way from the airline’s global network through Dubai, to Jeddah and Medina to perform the once in a lifetime Muslim pilgrimage. Emirates has been working throughout every travel touchpoint of the journey to ensure comfortable experience, both in the air and on the ground for pilgrims heading to Makkah for the trip.  Emirates has deployed 10 additional flights between 7 Jun and 10 June, and between 21 June and 26 June to carry pilgrims to Jeddah and Medina. These flights have been carefully timed to meet the flight schedules from key markets for Hajj. The airline has further deployed 19 flights to cities including Amman, Dammam, Kuwait Beirut among others to meet high demand during Eid Al-Adha in mid-June. From arriving to Dubai International, to stopping over in the city and connecting Read more...

Union Bank organized ‘Use and Benefits of Digital Transactions’ program

This Hajj season, Emirates is geared up to serve the large volume of pilgrims making their way from the airline’s global network through Dubai, to Jeddah and Medina to perform the once in a lifetime Muslim pilgrimage. Emirates has been working throughout every travel touchpoint of the journey to ensure comfortable experience, both in the air and on the ground for pilgrims heading to Makkah for the trip.  Emirates has deployed 10 additional flights between 7 Jun and 10 June, and between 21 June and 26 June to carry pilgrims to Jeddah and Medina. These flights have been carefully timed to meet the flight schedules from key markets for Hajj. The airline has further deployed 19 flights to cities including Amman, Dammam, Kuwait Beirut among others to meet high demand during Eid Al-Adha in mid-June. From arriving to Dubai International, to stopping over in the city and connecting Read more...

AB Bank holds 42nd Annual General Meeting

42nd Annual General Meeting (AGM) of AB Bank PLC. was held on June 12, 2024 at Sena Malancha, Dhaka through hybrid system. Barrister Khairul Alam Choudhury, the Chairman of the Board of Directors, presided over the meeting. The Board of Directors; Managing Director of the Bank, Mr. Tarique Afzal and a good number of shareholders participated in the meeting. In the AGM, Barrister Khairul Alam Choudhury was re-elected as Director. Mr. Md. Fazlur Rahman was elected as Director and Mr. Ramendra Nath Basak, FCA was elected as Independent Director of the Bank. In addition, Mr. Maqsudul Huq Khan was resigned from the Board of Directors. The meeting adopted the Directors’ Report and the Audited Financial Statements for the year 2023. The shareholders appointed M.M Rahman & Co., Chartered Accountants, as Statutory Auditor and S. F. Ahmed & Co., Charted Accountants, as Corporate Read more...

Apex Footwear Ltd. Celebrates Double Win at Retail Asia Awards 2024

Apex Footwear Limited is humbled to have been recognised at the Retail Asia Awards 2024, held on June 11 at the Marina Bay Sands Expo & Convention Centre in Singapore. Apex was honored in two categories: “Footwear Retailer of the Year” and “Sustainability Initiative of the Year." The Retail Asia Awards, now in its 19th year, is renowned for recognizing groundbreaking initiatives, exceptional customer experiences, and innovative strategies in the retail sector. This year’s event was as usual a celebration of the retail industry, bringing together industry leaders, retail visionaries, and rising stars to celebrate outstanding achievements. Apex Footwear Ltd. underwent a meticulous judging process conducted by a panel of esteemed industry experts, including David Eu (Partner, F&B, Retail and Consumer Products, RSM Singapore), Anson Bailey (Head of Consumer Read more...

EBL sponsors an ICU at Faridpur Diabetic Association Medical College Hospital

Apex Footwear Limited is humbled to have been recognised at the Retail Asia Awards 2024, held on June 11 at the Marina Bay Sands Expo & Convention Centre in Singapore. Apex was honored in two categories: “Footwear Retailer of the Year” and “Sustainability Initiative of the Year." The Retail Asia Awards, now in its 19th year, is renowned for recognizing groundbreaking initiatives, exceptional customer experiences, and innovative strategies in the retail sector. This year’s event was as usual a celebration of the retail industry, bringing together industry leaders, retail visionaries, and rising stars to celebrate outstanding achievements. Apex Footwear Ltd. underwent a meticulous judging process conducted by a panel of esteemed industry experts, including David Eu (Partner, F&B, Retail and Consumer Products, RSM Singapore), Anson Bailey (Head of Consumer Read more...

EBL launches off-shore banking deposit program

Apex Footwear Limited is humbled to have been recognised at the Retail Asia Awards 2024, held on June 11 at the Marina Bay Sands Expo & Convention Centre in Singapore. Apex was honored in two categories: “Footwear Retailer of the Year” and “Sustainability Initiative of the Year." The Retail Asia Awards, now in its 19th year, is renowned for recognizing groundbreaking initiatives, exceptional customer experiences, and innovative strategies in the retail sector. This year’s event was as usual a celebration of the retail industry, bringing together industry leaders, retail visionaries, and rising stars to celebrate outstanding achievements. Apex Footwear Ltd. underwent a meticulous judging process conducted by a panel of esteemed industry experts, including David Eu (Partner, F&B, Retail and Consumer Products, RSM Singapore), Anson Bailey (Head of Consumer Read more...

AB Bank launches cashless transaction at Patgati

Apex Footwear Limited is humbled to have been recognised at the Retail Asia Awards 2024, held on June 11 at the Marina Bay Sands Expo & Convention Centre in Singapore. Apex was honored in two categories: “Footwear Retailer of the Year” and “Sustainability Initiative of the Year." The Retail Asia Awards, now in its 19th year, is renowned for recognizing groundbreaking initiatives, exceptional customer experiences, and innovative strategies in the retail sector. This year’s event was as usual a celebration of the retail industry, bringing together industry leaders, retail visionaries, and rising stars to celebrate outstanding achievements. Apex Footwear Ltd. underwent a meticulous judging process conducted by a panel of esteemed industry experts, including David Eu (Partner, F&B, Retail and Consumer Products, RSM Singapore), Anson Bailey (Head of Consumer Read more...

EBL launches co-brand credit cards for BKMEA

Eastern Bank PLC.(EBL), a leading private sector bank in the country has launched co-brand credit cards for the members and staff of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA). The cards were launched at an event held at EBL head office in Gulshan which was attended by Mohammad Hatem, Executive President and Fazlee Shamim Ehsan, Vice President of BKMEA; Ali Reza Iftekhar, Managing Director, Ahmed Shaheen, Additional Managing Director, and Tasnim Hussain, Head of Cards of EBL among others. “With these cards, we aim to ensure an excellent banking experience, offering exclusive services and benefits tailored to the needs of the hon’ble BKMEA members and staff,” said Ali Reza Iftekhar. EBL-BKMEA co-branded credit cards available in two variants- Visa Platinum and Visa Signature. Members of BKMEA, as well as its staff, can apply for the cards. Read more...

Southeast Bank organized Five-day long Foundation Training Course

Eastern Bank PLC.(EBL), a leading private sector bank in the country has launched co-brand credit cards for the members and staff of Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA). The cards were launched at an event held at EBL head office in Gulshan which was attended by Mohammad Hatem, Executive President and Fazlee Shamim Ehsan, Vice President of BKMEA; Ali Reza Iftekhar, Managing Director, Ahmed Shaheen, Additional Managing Director, and Tasnim Hussain, Head of Cards of EBL among others. “With these cards, we aim to ensure an excellent banking experience, offering exclusive services and benefits tailored to the needs of the hon’ble BKMEA members and staff,” said Ali Reza Iftekhar. EBL-BKMEA co-branded credit cards available in two variants- Visa Platinum and Visa Signature. Members of BKMEA, as well as its staff, can apply for the cards. Read more...