Vice-President of Kurmitola Golf Club and Area Commander of Logistic Area of Bangladesh Army Major General Md Zahirul Islam formally inaugurating the 20th Square Golf Tournament by releasing the balloons as the chief guest at Kurmitola Golf Club in Dhaka Cantonment on Friday.

Gulf braces for austerity as oil income slump bites

AFP, Kuwait City :Faced with heavy losses from low oil prices, Gulf states have embarked on belt-tightening measures to cut spending and boost non-crude revenues, but analysts warn much more needs to be done.After more than a decade of abundant surpluses thanks to high oil prices, the six Gulf Cooperation Council (GCC) states are projected to post a combined record shortfall of $180 billion in 2015 and the drought is expected to continue for years.Some countries have already cut subsidies,...

26 Nov 2015, 12:00 am