The European Union’s Gas Coordination Group will meet on Wednesday to assess the impact of the spreading conflict in the Middle East on gas supplies. An EU spokesperson confirmed the meeting on Monday, noting that the group will review the situation following recent disruptions in energy production.

The meeting follows QatarEnergy’s announcement to halt liquefied natural gas (LNG) production at its Ras Laffan and Mesaieed industrial facilities after Iranian drone attacks on those sites. The production halt has led to a sharp rise in European gas prices, reportedly increasing by about 50 percent. The Gas Coordination Group includes representatives from EU member state governments and is responsible for monitoring gas storage and supply security across the bloc.

The group also coordinates emergency measures during supply crises, and the upcoming meeting is expected to focus on evaluating potential risks to Europe’s energy stability and possible response strategies.

European gas prices surged by nearly 50 percent after QatarEnergy announced a suspension of liquefied natural gas (LNG) production following an attack in the Middle East, according to Al Jazeera. Data from the Intercontinental Exchange (ICE) showed that the front-month contract at the Netherlands’ Title Transfer Facility (TTF) hub rose by 14.56 euros to 46.52 euros per megawatt hour, equivalent to about 15.92 dollars per MMBtu. Earlier in the day, prices had already climbed about 25 percent before the production halt announcement pushed them higher.

Massimo Di Odoardo, vice president of gas and LNG research at Wood Mackenzie, said that any disruption in LNG supply could intensify competition between Asia and Europe for available cargoes. Warren Patterson, head of commodities strategy at ING, warned that if the market begins to price in a prolonged disruption of Qatari LNG supply, TTF prices could rise to between 80 and 100 euros per MWh.

The British April contract also increased by 40.83 pence per therm to 119.40 pence, while Asia’s Japan-Korea Marker (JKM) index jumped nearly 39 percent to 15.068 dollars per MMBtu.

Bangladesh’s Commerce Minister Khandaker Abdul Muktadir met with British High Commissioner Sarah Cook in Dhaka on Monday to discuss strengthening bilateral trade relations and exploring new investment opportunities. The meeting took place at the minister’s office in the Secretariat. Both sides emphasized enhancing cooperation for sustainable economic growth and mutual benefit.

During the discussion, the commerce minister highlighted the need for British investment to modernize Sylhet’s tea industry and increase production, noting the sector’s potential for job creation and tourism development. He also urged UK investors to consider investing in fertilizer factories that face gas shortages and in Bangladesh’s growing information and communication technology sector.

High Commissioner Sarah Cook reaffirmed the UK’s commitment to advancing the long-standing trade partnership and expressed interest in supporting capacity building for officials in the ministry’s trade negotiation pool. She also indicated British investors’ interest in sectors such as tea, seafood, leather processing, export diversification, and light engineering.

Bangladesh Railway will start selling advance train tickets for the upcoming Eid-ul-Fitr from Tuesday, March 3. On the first day, tickets for March 13 journeys will be available. According to the railway schedule, tickets for March 14 to 19 will be released sequentially from March 4 to March 9.

All tickets for Eid travel will be sold exclusively online this year. To make the ticket purchase process easier for passengers, Bangladesh Railway has decided that tickets for intercity trains operating in the western region will be available from 8 a.m., while tickets for trains in the eastern region will go on sale from 2 p.m.

The decision aims to streamline the ticketing process and manage the high demand for train travel during the Eid holiday period.

Bangladesh’s Commerce Minister Khandaker Abdur Muktadir has expressed commitment to further strengthen and expand bilateral trade relations with India. He made the remarks on Monday, March 2, after a courtesy meeting with the Indian High Commissioner at the Secretariat in Dhaka. The Indian envoy also emphasized India’s interest in deepening ties with Bangladesh’s new government and enhancing people-to-people connections.

During the meeting, both sides discussed mutual cooperation in digital infrastructure and technology exchange to boost the existing trade volume of around 11 billion dollars, including 9.5 billion in imports and 1.5 billion in exports. They also focused on reopening closed border haats and improving land border infrastructure. India showed interest in using the newly built land port at Sabroom, while discussions were held on making operations at Benapole and other ports more efficient.

The minister added that Bangladesh has applied to the United Nations to extend its LDC graduation timeline and that the process is ongoing. He also noted that while there are concerns about possible disruptions in the Hormuz Strait, there is currently no threat to essential imports or fuel supplies.

The Directorate of Secondary and Higher Education (DSHE) has announced that MPO-listed teachers will receive their festival allowance ahead of Eid-ul-Fitr 2026. In a notice signed by Professor B M Abdul Hannan, the acting Director General of DSHE, all educational institutions were instructed to submit their festival allowance bills by March 4.

The directive, issued on March 2, aims to ensure timely disbursement of the Eid bonus for teachers under the Monthly Pay Order (MPO) scheme. The DSHE emphasized that heads of institutions must comply with the submission deadline to facilitate smooth processing of the payments.

This announcement brings relief to thousands of MPO-affiliated teachers who were awaiting confirmation of their Eid bonus payments.

Bangladesh’s export earnings declined by 12 percent in February, according to data released by the Export Promotion Bureau (EPB) on Monday. The fall contributed to a 3.15 percent drop in total export income during the first eight months of the 2025–26 fiscal year compared with the same period last year. Total exports from July to February stood at 31.91 billion US dollars, down from 32.92 billion dollars a year earlier.

EPB attributed the overall decline to disruptions in port operations, the national election, and reduced demand in major global markets. The ready-made garment sector, which remains the country’s largest export earner, brought in 25.8 billion dollars during the period, marking a 3.73 percent decrease year-on-year. Within this sector, knitwear products continued to outperform woven garments.

Despite the overall downturn, several sectors including leather and leather goods, jute and jute products, home textiles, light engineering, and frozen fish recorded positive year-on-year growth. The United States remained Bangladesh’s largest export destination, with shipments totaling 5.87 billion dollars, up 0.74 percent, while exports to China rose by 19.12 percent.

Chevron has temporarily suspended production at Israel’s Leviathan gas field following joint U.S.-Israel airstrikes on Iran and subsequent Iranian retaliation. The Israeli Ministry of Energy ordered the shutdown as a precautionary measure, according to Al Jazeera. The Leviathan field, located in the Mediterranean Sea, is one of Israel’s largest natural gas sites.

The report states that expansion work was underway to raise the field’s annual production capacity to about 21 billion cubic meters as part of a $35 billion export agreement with Egypt. Chevron, the U.S. energy company operating the site, confirmed that its facilities at both Leviathan and the nearby Tamar gas field remain secure.

No further details were provided on the specific reasons for the temporary suspension or when production might resume.

Gold prices in Bangladesh have reached a new record after the Bangladesh Jewellers Samity (Bajus) announced another increase. According to a Bajus notice issued on Monday, March 2, 2026, the price of 22-carat gold rose by up to Tk 5,424 per bhori, bringing the new rate to over Tk 274,000. The revised prices took effect from 10:30 a.m. the same day.

The notice also detailed updated rates for other categories: 21-carat gold is now priced at Tk 261,682 per bhori, 18-carat at Tk 224,299, and traditional gold at Tk 183,533. Alongside gold, silver prices have also been raised. The new price for 22-carat silver is Tk 7,173 per bhori, while 21-carat, 18-carat, and traditional silver are priced at Tk 6,682, Tk 5,890, and Tk 4,432 respectively.

The latest adjustment reflects continued upward movement in the local precious metals market, with Bajus implementing the new rates nationwide from Monday morning.

Dr. Mohammad Abdul Mazid, former secretary and chairman of the National Board of Revenue, emphasized that zakat can play a vital role in implementing effective social safety programs in Bangladesh. Writing on March 2, 2026, he described social security as an essential component of a welfare state, aimed at supporting vulnerable and disadvantaged groups. He noted that Islam introduced zakat to ensure equitable wealth distribution and reduce economic inequality, requiring wealthy Muslims to allocate a fixed portion of their assets to the poor.

The article explains that zakat, when properly collected and distributed, can alleviate hunger, poverty, and unemployment by providing basic needs to the underprivileged. It highlights that zakat covers various assets, including money, gold, livestock, and agricultural produce, and serves both moral and economic purposes. The author recalled that early Islamic governance treated zakat as a mandatory social obligation.

Dr. Mazid argued that current informal zakat practices fail to empower recipients, often turning them into dependents. He suggested that a government-led, institutionalized zakat collection and distribution system could significantly reduce national poverty levels.

Japan’s stock market suffered a sharp decline on Monday following military strikes by the United States and Israel in Iran, which reignited global economic concerns. According to AFP reports from Tokyo, the Nikkei 225 index dropped 2.07 percent to 57,628.07 points in early trading, marking a significant setback at the start of the week.

Analysts attributed the fall to heightened tensions in the Middle East, which have created uncertainty and fear among investors. The resulting anxiety has spread across Asian markets, leading to widespread caution. Many investors have reportedly adopted a wait-and-see approach as they monitor the evolving situation.

The report noted that the sudden and steep decline reflects the sensitivity of regional markets to geopolitical developments, particularly those involving energy-producing regions like the Middle East.

Crude oil prices rose sharply on Monday following a US-Israel strike on Iran that disrupted supply and limited investor access to oil. Brent crude jumped about 13 percent in a single day, while the international benchmark increased nearly 5 percent. By midday in Tokyo, the price per barrel reached 76.48 dollars, according to Al Jazeera.

Asian stock markets opened lower as investors reacted to the oil price surge. The Hang Seng Index in Hong Kong fell around 1 percent, and Japan’s Nikkei 225 dropped about 1.5 percent. In the United States, stock futures traded outside regular hours also showed significant losses, with both the S&P 500 and the tech-heavy Nasdaq Composite down roughly 0.7 percent.

The developments suggested a volatile trading day ahead for global markets as energy costs spiked and geopolitical tensions heightened following the attack on Iran.

Serious allegations have surfaced over the use of substandard bricks and sand in a Tk 3.73 crore road construction project in Nasirnagar upazila of Brahmanbaria. The project, under the Local Government Engineering Department’s (LGED) rural development initiative for Comilla, Chandpur, and Brahmanbaria districts, covers a 1,500-meter stretch from Guniouk Union Parishad to Bengauta. The contractor, E Smart Construction Ltd, owned by Khairul Hasan, is accused of ignoring instructions to use quality materials, prompting anger among local residents.

Locals claim the work, initially slow, suddenly accelerated to conceal irregularities. On-site observations confirmed workers using low-quality bricks and sand for the guide wall. Representatives of the contractor admitted using the materials supplied by the owner. The supervising officer, Arif Hossain, promised to prevent such practices in the future. Upazila Engineer Aminul Islam Mridha said repeated warnings failed to stop the use of poor materials, while District Executive Engineer Ibrahim Khalil assured that necessary action would be taken after consulting the upazila engineer.

The incident has raised concerns about oversight and accountability in rural infrastructure projects under LGED.

Residents of Fatullah in Narayanganj have temporarily stopped construction work on the Mukterpur-Panchabati flyover, alleging the use of substandard materials. The suspension began on Friday morning at the Kashipur section, where locals accused the contractor of using ordinary concrete instead of RCC and low-quality bricks. They demanded that authorities inspect the site before work resumes, citing concerns of irregularities and corruption in the mega project.

According to residents, poor-quality materials were being used in several parts of the flyover from the Samrat Cinema area to the Kashipur Union Parishad. They claimed that despite informing officials, no one had visited the site. Project Director Wahiduzzaman confirmed that evidence of substandard materials had been found and that the contractor had been asked for an explanation.

The Mukterpur-Panchabati six-lane highway project spans about 10.37 kilometers, including 9.6 kilometers of elevated expressway. Initially budgeted at Tk 2,659 crore, the cost was later raised to about Tk 3,300 crore, with completion extended to June 2026. Two Chinese firms are implementing the project.

Iran has shut down the strategic Hormuz Strait following joint attacks by the United States and Israel, disrupting a key global maritime route for energy transport. The closure has already slowed international sea trade and raised concerns of an impending energy crisis in Bangladesh, which relies heavily on Middle Eastern countries for crude oil, refined fuel, LPG, and LNG imports. Officials warn that prolonged conflict in the region could severely impact Bangladesh’s energy supply chain and increase import costs.

According to shipping and energy officials, around 15 vessels carrying fuel and gas for Bangladesh pass through the Hormuz Strait each month. Although Bangladesh’s refined fuel imports do not directly use the route, the countries supplying them depend on crude oil shipments through it. The closure is expected to raise freight costs and delay shipments, affecting both energy and trade sectors. Industry leaders have urged energy conservation and increased reserves to mitigate potential shortages.

Experts caution that if the Middle East conflict continues, Bangladesh’s limited 25–26-day fuel storage capacity could lead to severe disruptions. They recommend expanding reserves and promoting public austerity to withstand the crisis.