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ICD goes into strategic alliance with AIBL

Al-Arafah Islami Bank Limited (AIBL), a leading Islamic bank in the country, announced on 29 March 2016 its strategic partnership with Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group. With this international footstep, AIBL is expected to attract growth capital of around USD 20 million from ICD through 10% equity subscription in the capital of AIBL. Mr. Khaled Al Aboodi, the CEO of ICD stated that this strategic initiative reflects ICD’s continuous effort to play a catalyst role in the promotion of Islamic finance and private sector development in Bangladesh. Earlier, ICD committed USD 110 million for the manufacturing,

Mahindra PreTUPS™ 6.4 for electronic recharge

Mahindra Comviva, a global leader in mobility solutions, announced the launch of PreTUPS™ 6.4, a smarter and advanced version of its widely deployed electronic recharge and prepaid management solution on 29 March, 2016. PreTUPS™ is a proven solution deployed by over 55 mobile operators in more than 40 countries globally. It has been integrated successfully with all the major IN platforms. Today, 10% of the world population’s recharge is done through PreTUPS™ powering mobile services for 840 million people globally. PreTUPS™ 6.4 takes electronic recharge and prepaid management to the next level by providing new features that add efficiency to the prepaid business. This new version is being deployed by many leading

ADB forecasts 6.7pc growth for 2015-16

Bangladesh’s growth for this fiscal will improve marginally and stand at 6.7 percent driven by apparel export and domestic consumption, Asian Development Bank forecast today. The improvement will be 0.1 percent increase from the 6.6 percent growth recorded last fiscal. adb1Higher growth will be driven by readymade garment export and a resilient domestic consumption, said ADB’s country director for Bangladesh Kazuhiko Higuchi. He was talking while launching ADB’s Annual Outlook Report 2016 at its Agargaon office in the capital, D...

Sara to receive Int’l Women of Courage Award

Barrister Sara Hossain would be given the US Secretary of State’s International Women of Courage Award 2016 in Washington D.C tonight and she has already reached the United States to receive the award, reports BSS. The award would be handed over to Sara Hossain at a ceremony to be held at 8:30pm (BST) today and 10:30am (US time) in presence of US Secretary of State John Kerry and 13 other awardees from around the world, a US Embassy statement said here today. She has been nominated for the award for demonstrating exceptional courage and leadership in sara

ECNEC okays eight projects with TK 1,442cr

The Executive Committee of the National Economic Council (ECNEC) today approved eight development projects involving Taka 1,442 crore. The approval came at the 25th meeting of the ECNEC in the current fiscal held at the NEC conference room in the city’s Sher-e-Bangla Nagar with ECNEC Chairperson and Prime Minister Sheikh Hasina in the chair. Planning Minister A H M Mustafa Kamal, after the meeting, briefed newsmen about its outcome, ecnecreports BSS. He said the eight projects approved would require Taka 1,442.4...

Registration opens for Water Window

The Global Resilience Challenge’s “Water Window” is open for registration. From 29 March registered entrants will be able to submit Concept Notes with innovative ideas and solutions to help flood prone communities across the Sahel, the Horn of Africa, and South and Southeast Asia reduce their exposure to flood risks and to continue to develop in the face of uncertainty. Successful submissions will be eligible for up to US$1 million scaling-up grants or up to US$250,000 seed grants, says a press release. The submissions should offer innovative solutions to the very real issues affecting flood prone [caption id="attachment_18235" align="alignleft" width="604"]
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