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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,

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"]

67pc girls get married before 18: Study

About 67 per cent of girls in the country get married before the age of 18, said a research on ‘Child Marriage and its implications’. The information came out at a discussion at Nawab Nabab Ali Chowdhury Senate House Conference Hall at Dhaka University (DU). The Department of Population Sciences of DU and the United Nations Population Fund (UNFPA) jointly conducted the study with the support of Department for International Development (DID). The study said, in households where fathers have higher secondary and above education, the girls bd

1st direct container vessel form India to Bangladesh

Krishnapatnam Port, India’s largest all-weather; deep water port on the east-coast earmarked a historical moment for India's bilateral trade and commerce as the first direct container vessel, part of coastal shipping agreement to facilitate trade between India and Bangladesh, set sail from the port on 28th March 2016. The trade agreements which were signed during the reign of the then Indian Prime Minister Indira Gandhi in 1974 were revived back after a period of four decades during Prime Minister Narendra Modi's visit to Dhaka last year. MV Harbour-1 owned by Neepa Paribahan and built by Western Marine Shipyard is the first

University degrees for garment workers

When Rubina Yeasmin was 13, her father died of a heart attack. Her mother scraped together the money to keep her in school but finances became increasingly tight. “My uncle said I must leave school and get married.” She grew up in Topshe village in Dinajpur district, in northern Bangladesh. According to a Unicef report (pdf) published last year, 65% of girls in Bangladesh are married before the age of 18, and 29% before they are 15. For poor families, early marriage can ease financial pressure as it means one less mouth to feed. It can also negate the need for girls to be educated. Yeasmin refused to marry and fought to be allowed to complete her education. Her family gave
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