Qatar has expressed interest in recruiting skilled workers from Bangladesh in four technical sectors: electrician, welding, air conditioning technician, and plumbing. The development was discussed during a meeting in Dhaka between Qatar’s visiting Labour Minister Ali bin Saeed bin Samikh Al Marri and Bangladesh’s Expatriates’ Welfare and Overseas Employment Minister Ariful Haque Chowdhury. Following the meeting, Chowdhury said Qatar is now prioritizing skilled manpower over unskilled labor, and Bangladesh is preparing to send trained workers accordingly.

The ministers also discussed expanding Qatar’s visa processing facilities in Bangladesh, as the country currently has only one visa center. Dhaka requested additional centers to reduce public inconvenience, and Qatar assured that the issue would be considered seriously. The matter is expected to be finalized in the upcoming joint working group meeting between the two nations.

State Minister Md. Nurul Haque noted that Qatar also showed interest in hiring Bangladeshi workers for religious professions such as imams and muezzins, alongside the four technical sectors. Both sides described the talks as positive and aimed at strengthening bilateral labor cooperation.

Bangladesh Bank has announced that all banks will remain closed from May 25 to May 31 for the Eid-ul-Azha holidays. However, to facilitate salary payments for garment sector workers, the central bank has instructed that some branches in industrial areas remain open on May 25 and 26. A circular issued on Sunday was sent to the chief executives of all scheduled banks outlining these directives.

According to the circular, all bank branches and sub-branches will operate normally on May 23 and 24 as per the Ministry of Public Administration’s notification. To ensure smooth payment of wages, bonuses, and allowances for garment workers and to maintain import-export operations, limited banking services will be available in Dhaka, Ashulia, Tongi, Gazipur, Savar, Valuka, Narayanganj, and Chattogram. These branches will operate from 10 a.m. to 3 p.m., with transactions allowed until 1 p.m.

Additionally, bank branches located in sea, land, and airport areas will remain partially open from May 25 to May 31 to support import and export activities. Bangladesh Bank confirmed that employees working during the holidays will receive allowances as per regulations.

Finance ministers from the G7 industrialized nations are meeting in Paris on Monday for a two-day session aimed at forming a unified stance amid global economic uncertainty and the ongoing war in the Middle East. France, currently holding the G7 presidency, faces the challenge of maintaining open dialogue as trade tensions rise following U.S. President Donald Trump’s tariff measures. Reducing dependence on China’s rare mineral supplies, crucial to the fast-growing artificial intelligence sector, is among the meeting’s top priorities.

French Finance Minister Roland Lescure said last week that the global economic trajectory of the past decade is unsustainable, citing the U.S. budget deficit, Europe’s innovation gap, and China’s weak consumer demand and industrial overcapacity. He emphasized that while multilateral cooperation remains possible, discussions are difficult, especially with the United States. Trump’s trade-focused diplomacy has raised concerns among G7 leaders as the Middle East conflict heightens risks of stagnation and inflation.

German Finance Minister Lars Klingbeil described the G7 as an appropriate platform to discuss ending the Iran war, stressing the need to stabilize the region and secure shipping through the Strait of Hormuz. A final press conference is scheduled for Tuesday afternoon.

Salt farmers in Banshkhali, Chattogram, have alleged that middlemen and syndicates are preventing them from receiving fair prices for their produce. Despite a bumper harvest this year, many farmers who took high-interest loans are facing heavy losses. They report selling salt at Tk 240–250 per maund while production costs reach about Tk 350, resulting in losses of around Tk 170 per maund. Farmers claim cargo boat owners and intermediaries have formed a syndicate that controls prices and transport routes, leaving them with no alternative sales channels.

At a recent meeting held at the Khatkhali estuary in Gondamara Union, participants demanded fair pricing, interest-free loans, and government measures to curb syndicate control. Speakers said production costs have doubled or tripled due to rising land rent, labor wages, and input prices such as polythene, fuel, and irrigation pumps. While packaged salt sells for Tk 40–45 per kilogram in retail markets, farmers are paid only Tk 5–6 per kilogram, causing severe financial distress.

The meeting called for long-term policies to protect coastal salt and fisheries industries and ensure sustainable livelihoods for producers.

In Tarash upazila of Sirajganj, the canals of Chalan Beel are filling with new water from rainfall and upstream flow, submerging low-lying areas. During this season, many local residents who lack regular work turn to fishing for their livelihood, using traditional bamboo traps known as chhai or kholsuni. Thousands of people in the region are now busy crafting these traps from bamboo and palm fibers, which are sold in various local markets.

The traps are sold wholesale and retail in markets such as Naoga Hat, Gulta Hat, Chachkoir Hat, Nimgachhi Hat, Salonga Hat, Chatmohar, Chhaikola Hat, and Mirzapur Hat. In Chachkoir village of Gurudaspur upazila, around 250 families are engaged in making kholsuni, with prices ranging from 400 to 600 taka per pair depending on size. Each pair takes two to three days to make, with material costs of 150 to 200 taka.

The craft has been passed down through generations, and participation continues to grow as new people join the trade. Family members, including women and students, contribute to the production process.

In Sunamganj, extensive boro paddy fields have been submerged due to heavy rainfall and waterlogging, leaving thousands of farmers destitute. Authorities have prepared a list of 129,559 affected farmers and sent it to the ministry for assistance distribution. However, many haor-area farmers allege that genuine victims were excluded from the list, while non-farmers and relatives of local representatives were included.

According to the agriculture department, 223,511 hectares were cultivated this season with a production target of 1.4 million tons of rice worth about Tk 5,000 crore. Around 20,550 hectares of crops have been damaged across 137 haors. The district administration plans to provide three months of humanitarian aid, including cash ranging from Tk 2,500 to Tk 7,500 and 20–30 kilograms of rice per farmer, depending on the level of loss.

Officials said the list will be reviewed, and any non-farmers found will be removed. The local MP stated that the Prime Minister has directed that only genuine affected farmers receive assistance, with further agricultural input support planned for the next season.

A Reuters analysis published on Monday reported that global companies have suffered losses of at least $25 billion due to the ongoing war situation surrounding Iran. The report stated that listed firms across the United States, Europe, and Asia cited rising energy prices, supply chain disruptions, and interruptions to trade routes caused by Iran’s activities in the Strait of Hormuz as major factors behind the losses.

According to the analysis, at least 279 companies identified the conflict as a key reason for implementing defensive measures aimed at minimizing financial damage. The report highlights how the instability in the region has affected international trade and corporate operations across multiple sectors.

The findings underscore the widespread economic impact of the Iran conflict on global markets, particularly through energy and logistics channels, as companies continue to adjust their strategies to mitigate further risks.

A 10-kilometer road renovation and expansion project in Adamdighi upazila of Bogura has remained incomplete even after two years, causing severe suffering for residents of ten nearby villages. The project, costing around Tk 18 crore, covers the Chapapur-Nashratpur via Bihigram road. Locals allege that poor-quality materials are being used due to collusion between contractors and officials, and that the responsible department has failed to take effective action against the influential contractor.

According to local sources, the Local Government Engineering Department (LGED) invited tenders in 2024 to repair and widen the road by six feet. The contract was initially awarded to Ananta Bikash Tripura Limited, which later sold it to another contractor. Work began in May last year but soon stopped, and despite several contractor changes, progress has been minimal. Locals report the use of substandard brick chips and old rubble, raising fears that the road will not last long.

Local leaders have repeatedly complained about the slow pace and poor quality of work, but no effective measures have been taken. Residents are urging urgent government intervention to ensure timely and quality completion of the project.

The government has decided to keep all CNG filling stations across Bangladesh open 24 hours a day for 13 consecutive days to ensure smooth travel for passengers during the upcoming Eid-ul-Azha. According to a letter issued by the Energy and Mineral Resources Division to the chairman of Petrobangla, the stations will operate continuously from May 21 to June 2.

The directive means that all filling stations will remain open seven days before and five days after Eid-ul-Azha. The government has also announced a seven-day holiday for the festival, while garment factories will close in phases to accommodate the holiday period.

The decision aims to facilitate uninterrupted fuel supply and ease transportation pressure during one of the country’s busiest travel seasons.

The National Economic Council has approved a record Annual Development Programme (ADP) worth nearly Tk 3 trillion for the 2026–27 fiscal year. The approval came on Monday at a meeting chaired by Prime Minister Tarique Rahman at the NEC conference room in Agargaon, Dhaka. The session emphasized government development planning, economic restructuring, social protection, and balanced regional growth.

According to the Planning Commission’s working paper, the total ADP size is set at Tk 3 trillion, with Tk 1.9 trillion from domestic resources and Tk 1.1 trillion from foreign loans and grants. Including self-financed projects by autonomous bodies and corporations, total development expenditure will exceed Tk 3.08 trillion. The plan aligns with a five-year reform and development strategy built on five pillars: state system reform, equitable socioeconomic development, economic reconstruction, regional balance, and social cohesion.

The transport and communication sector receives the highest allocation of Tk 50,092 crore, followed by education, health, power and energy, and housing. A total of 1,121 projects are included, with 1,277 new unapproved projects listed for future consideration. The council directed faster project implementation, financial discipline, and timely completion by June 2027.

Qatar, one of the world’s richest nations, is facing a severe economic crisis as the ongoing Iran war has effectively shut down the Strait of Hormuz, blocking its liquefied natural gas (LNG) exports for over two months. The closure has paralyzed the country’s main energy hub at Ras Laffan and halted operations at Hamad Port, cutting off both exports and essential imports. The International Monetary Fund (IMF) warns that Qatar’s economy could contract by 8.6 percent this year, while tourism and business confidence have sharply declined amid regional instability.

Qatar’s prosperity has long depended on natural gas, which accounts for more than 60 percent of its revenue. Since the 1990s, the country transformed itself through massive LNG exports, funding modern infrastructure and global investments worth $600 billion. However, missile and drone attacks on Ras Laffan have reduced production capacity by 17 percent, and analysts say recovery could take years even if the strait reopens.

Authorities are using subsidies to limit inflation and maintain stability, while S&P Global Ratings notes that Qatar’s large reserves can sustain essential services. Yet, the duration of the Hormuz closure remains the key uncertainty for the nation’s economic future.

A major loan fraud has been uncovered in five merged Islamic banks in Bangladesh, where 75 percent of loans were issued without collateral. The banks—Exim, Social Islami, First Security Islami, Union, and Global Islami—distributed loans without meeting minimum requirements, leading to massive defaults and failure to repay depositors. The government merged the banks into a new entity, Sammilit Islami Bank, after depositors faced losses. Around Tk 4,000 crore has already been paid to customers from the deposit insurance fund.

According to Bangladesh Bank data, as of December, the five banks had total loans of Tk 1.95 trillion, with collateral covering only 24.56 percent. Defaulted loans reached Tk 1.705 trillion, or 87.43 percent of total loans. The S. Alam Group alone took Tk 1.016 trillion, more than half of total loans, mostly without collateral. Former BAB chairman Nazrul Islam Majumder’s firms borrowed Tk 17.96 billion. Officials said bank insiders aided the process by overvaluing collateral.

The interim government formed Sammilit Islami Bank with Tk 35,000 crore paid-up capital, including Tk 20,000 crore from the state. However, uncertainty over the return of previous owners and lack of clear government communication have renewed depositor anxiety.

In West Bengal, India, new cattle slaughter restrictions imposed by the recently formed BJP-led state government have triggered widespread unrest ahead of Eid al-Adha. The directive enforces strict certification requirements under the 1950 West Bengal Animal Slaughter Control Act and a 2018 High Court order, allowing slaughter only for animals over 14 years old or permanently unfit for work or breeding. Public slaughter is banned, and violations carry fines or jail terms. As a result, cattle markets have emptied, with traders and buyers avoiding legal risks.

The crisis has hit Hindu cattle farmers hardest, many of whom raise cattle year-round on loans expecting Eid sales. With markets frozen, they face mounting debt and losses, some publicly threatening suicide and demanding the government or Prime Minister Narendra Modi buy their unsold cattle. Opposition figures and local legislators have criticized the age-verification rule as impractical, questioning how authorities can determine a cow’s age without birth records.

Critics also highlight a policy contradiction: while small farmers face restrictions, India remains one of the world’s top beef exporters, earning billions annually from corporate meat exports, raising questions about fairness in livestock policy.

Experts at a seminar in Dhaka on Sunday warned that Bangladesh’s power sector is under severe financial pressure due to overcapacity, import dependence, capacity charges, and subsidies. They called for integrated policy reforms, realistic planning, and greater focus on renewable energy to address the long-term energy crisis. The event, titled “Economic Burden of Bangladesh’s Power Sector: Policy Recommendations for Crisis Management,” was organized by the Mechanical Engineering Division of the Institution of Engineers, Bangladesh (IEB).

Bangladesh Investment Development Authority Executive Chairman Ashiq Chowdhury said the energy sector is in a “minus position” due to financial constraints and past international agreements that limit new projects. He emphasized the need to expand solar and other renewable sources to reduce import dependence and economic strain. IEB President Mohammad Riazul Islam noted that years of mismanagement and waste have severely affected the gas sector, while Professor M. Rezwan Khan highlighted that excess generation capacity and costly imported fuels have created heavy fiscal burdens.

Speakers agreed that better project evaluation, domestic energy use, and renewable expansion are essential to reduce subsidies and strengthen the sector’s sustainability.

Bangladesh Bank has repaid around Tk 4,000 crore to depositors of five weak banks that were merged to form the new Sammilit Islami Bank. The repayment, made through the central bank’s Deposit Insurance Trust Fund, began in January and has so far reached about 822,000 depositors. The merged institutions include EXIM Bank, Social Islami Bank, First Security Islami Bank, Union Bank, and Global Islami Bank.

According to the report, the banks previously operated under the control of two influential business figures and suffered from large-scale loan irregularities, including unsecured lending that led to severe financial distress. The interim government merged the five Shariah-based banks last year to stabilize the sector. The new bank’s paid-up capital has been set at Tk 35,000 crore, with Tk 20,000 crore provided by the government and Tk 15,000 crore in shares allocated to depositors.

Officials said the repayments initially helped restore confidence, but a recent amendment to the Bank Resolution Act allowing former owners to return has renewed withdrawal pressure and deepened trust concerns. The report suggests the government should issue a clear statement to ease the situation.