Category: Economy

IFIC Bank Unveils Ramadan Card Benefits

IFIC Bank Unveils Ramadan Card Benefits

In anticipation of the holy month of Ramadan and the forthcoming Eid-ul-Fitr celebrations, IFIC Bank has launched a comprehensive suite of exclusive offers for its credit and debit cardholders. This initiative aims to strengthen customer engagement while promoting digital financial transactions during the festive period. According to the bank, the campaign provides a range of […]
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UCB Champions Nationwide Financial Literacy Drive

UCB Champions Nationwide Financial Literacy Drive

United Commercial Bank Private Limited (UCB) marked the first Monday of March with a comprehensive Financial Literacy Day initiative across Bangladesh. According to an official press release, the programme aims to enhance public awareness of financial matters while promoting the safe and responsible use of modern banking services. The 2026 edition of the event carried […]
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Central Bank Meeting Postponed as Sadiq Ahmed Resigns Central Bank Meeting Postponed as Sadiq Ahmed Resigns

Central Bank Meeting Postponed as Sadiq Ahmed Resigns

The newly appointed Governor of the Bangladesh Bank, Mostakur Rahman, has encountered a significant institutional hurdle in his debut attempt to pivot the nation’s monetary policy. A critical meeting of the Monetary Policy Committee (MPC), originally scheduled for Wednesday to discuss a reduction in interest rates, has been abruptly postponed. This delay coincides with the […]
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Hormuz Crisis Shipping Insurance and Freight Costs Soar Hormuz Crisis: Shipping Insurance and Freight Costs Soar

Hormuz Crisis: Shipping Insurance and Freight Costs Soar

The intensifying military friction within the Strait of Hormuz has cast a long shadow over global maritime commerce, fundamentally altering the economics of energy transport. As the threat of kinetic strikes and vessel seizures looms, the global insurance market has responded with a swift and severe correction. This fiscal volatility is creating a “risk premium” […]
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London Marine Insurers Expand Gulf High Risk Zones London Marine Insurers Expand Gulf High-Risk Zones

London Marine Insurers Expand Gulf High-Risk Zones

LONDON, 3 March 2026 – The London marine insurance market has formally expanded the Gulf maritime zones designated as high-risk, following a recent escalation of regional tensions. The updated guidance, issued by the Joint War Committee (JWC), affects waters off several Gulf states and is expected to significantly influence insurance premiums for shipping, fuel, and […]
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Zurich Raises 5 Billion to Fund Beazley Acquisition Zurich Raises $5 Billion to Fund Beazley Acquisition

Zurich Raises $5 Billion to Fund Beazley Acquisition

Zurich Insurance Group has launched a private placement targeting approximately $5 billion in gross proceeds to partially finance its proposed acquisition of Beazley Plc, a leading specialist insurer in the United Kingdom. The move signals Zurich’s ambition to expand its footprint in the Lloyd’s and global specialty insurance markets. On 2 March 2026, Zurich confirmed […]
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Sun Life Reaches 100-Office Milestone

Sun Life Reaches 100-Office Milestone

Sun Life Philippines has further broadened its nationwide footprint with the inauguration of three new New Business Offices (NBOs), bringing its total office network to a landmark 100 locations. This expansion marks a significant stride toward the company’s growth targets for 2026 and underscores its continued commitment to enhancing customer service and the accessibility of […]
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UAE Insurance Sector Set for Double Digit Growth UAE Insurance Sector Set for Double-Digit Growth

UAE Insurance Sector Set for Double-Digit Growth

The insurance sector in the United Arab Emirates is currently experiencing notable expansion, with experts and industry analysts forecasting sustained double-digit growth over the coming years. Valued at approximately 64–65 billion dirhams in written premiums, the market’s momentum is underpinned by economic diversification, mandatory health and motor insurance frameworks, and a robust regulatory environment, all […]
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news thumbnail 1772598984859 Bangladesh Bank Consolidation to Continue, Governor Affirms

Bangladesh Bank Consolidation to Continue, Governor Affirms

Bangladesh Bank Governor Mostaqueur Rahman has confirmed that the ongoing programme of bank consolidation will proceed, alongside stringent measures to recover defaulted loans. In addition, he has instructed that factories previously closed due to outstanding debts be reopened in compliance with regulations, signalling a dual focus on financial stability and economic revitalisation. The announcement came […]
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Al-Arafah Bank Launches Ten-Day Iftar Initiative

Al-Arafah Bank Launches Ten-Day Iftar Initiative

Bangladesh’s leading Shariah-compliant financial institution, Al-Arafah Islami Bank, has inaugurated a ten-day iftar distribution programme to mark the holy month of Ramadan. According to a press release from the bank, the initiative is designed to provide support to the underprivileged and overlooked individuals who rely on roadside meals during the fasting period. The programme was […]
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