Hashtag: #MiddleEast
Premier Pleased With “Encouraging Feedback”
The Cabinet Office said “encouraging feedback” has been received regarding Bermuda and its offering as a leading business jurisdiction for Islamic Finance as a result of the recent October trip to the UK led by the Premier Craig Cannonier. Premier Cannonier said he was pleased with the way the Island was received, not only at the World Islamic... Read more of this article
Premier Speaks At Economic Forum In London
Premier Craig Cannonier was a panelist at the 9th World Islamic Economic Forum held today in London and spoke on the topic ‘Changing World, New Relationships. Bermuda attended the Forum on the personal invitation of the Chairman of the WIEF Foundation: Tun Musa Hitam. Minister Hitam stated that this was the first time that the WIEF Forum was hosted... Read more of this article
Attorney General Attends Forum In Morocco
Attorney-General and Minister of Legal Affairs, Mark Pettingill is currently in Morocco attending the second Arab Forum on Asset Recovery [AFAR II] which began yesterday [Oct 26] and concludes on Monday [October 28th]. The event is being co-hosted by the Kingdom of Morocco and the United Kingdom, in association with the Stolen Asset Recovery Initiative... Read more of this article
Deputy Mayor Meets With Sheik Alireza In NY
The City of Hamilton’s Deputy Mayor Donal Smith and City Manager Edward Benevides met with H.E. Sheik Abdullah Alireza, a Saudi businessman who formerly served as Saudi Arabia’s Minister of Economy. The meeting took place in New York, and they discussed ways in which they might strengthen Bermuda’s business and cultural relationship... Read more of this article
Premier Cannonier To Speak At Forum In London
The Cabinet Office said that Premier Craig Cannonier will lead a delegation to attend the 2013 World Islamic Economic Forum in London next week in an effort to strengthen Bermuda’s relations with member countries of the Gulf Cooperation Council [GCC]. Joining the Premier will be the Minister of Finance Bob Richards and senior members from the Ministry... Read more of this article
Starling On Revolutionary Movements In Egypt
[Opinion column written by Jonathan Starling] As I write events in Egypt are moving at a very fast pace, with a lot of confusion. The events of the last few weeks, the coup which overthrew the constitutionally democratically elected government led by the Muslim Brotherhood’s Freed & Justice Party, has sowed much confusion, both in Egypt and internationally. The... Read more of this article
Gulf Keystone Gets Approval For Shaikan Plan
Bermuda-registered Gulf Keystone, an independent oil and gas exploration and production company with operations in the Kurdistan Region of Iraq, announced that its Field Development Plan for the Shaikan field, a world class commercial discovery, is now approved. Todd F. Kozel, Chairman and CEO of Gulf Keystone, commented: “This is an historic... Read more of this article
Bermuda Firm’s Kuwait LNG Feasibility Study
A Bermuda-registered firm is one of three companies submitting a feasibility study to build a permanent floating liquid and natural gas [LNG] storage and regasification terminal in Kuwait. The Kuwait National Petroleum Company says it hopes to commission the plant by 2017. The permanent facility would replace a temporary floating LNG terminal at the... Read more of this article
Q-Re Pursuing Bermuda Expansion Plans
The Qatari firm Q-Re has hired former Sagicor at Lloyd’s underwriter Luke Roden to write a book of property catastrophe reinsurance out of Bermuda, industry journal magazine “The Insurance Insider” reported on Monday [Apr. 29]. Q-Re had previously indicated its commitment to creating a Bermuda platform – in addition to its operations... Read more of this article
Quatarlyst Re/insurance Exchange Sold To Ebix
The Qatar Financial Centre Authority today [Apr. 8] announced that it has reached an agreement to sell Qatarlyst — an electronic trading exchange for the global insurance and reinsurance industry used by many Bermuda firms — to Ebix Singapore Pte Limited, a subsidiary of Ebix, Inc., a leading international supplier of On-Demand software... Read more of this article
IGIH: “We Exceeded Our Net Income Forecasts”
Dubai-based International General Insurance Holdings Limited [ IGIH ] — which operates a major Bermuda subsidiary — has reported earnings for the 2012 financial year. The Group announced net earnings of $25.25 million for the year, an increase of 8.7 percent compared to $23.22 million for the 2011 fiscal year. Commenting on the results,... Read more of this article
Island ‘Has Role To Play In Islamic Finance’
A delegation from Business Bermuda attended the World Islamic Banking Conference, the world’s largest annual gathering of international Islamic finance industry leaders, which took place in Bahrain from December 9- 11. In addition to exhibiting at the event, Business Bermuda’s Chief Executive Officer, Cheryl Packwood, joined a distinguished panel... Read more of this article
Business Bermuda Hosts Seminar In Bahrain
Business Bermuda represented Bermuda’s burgeoning Islamic Finance industry at a seminar held in partnership with the Bahrain Association of Banks today at the Capital Club in Manama, Bahrain. The seminar, entitled ‘Offshore jurisdictions and their role in Islamic Finance: a case study of Bermuda’ included a presentation by Business Bermuda’s... Read more of this article
Bermuda Delegation Continues GCC Visit
Premier Paula Cox and a private/public sector delegation from Bermuda are currently visiting member countries of the Gulf Cooperation Council [GCC], with an aim to strengthen and further Bermuda’s partnerships with the region. Premier Cox & the Bermuda delegation with members of the Dubai International Finance Centre: The delegation consists... Read more of this article
Delegation Attends Meetings In Middle East
Premier Paula Cox is currently leading a delegation from Bermuda to visit member countries of the Gulf Cooperation Council [GCC] in an effort to strengthen and further Bermuda’s partnerships with the region. All expenditure for the Qatar visit is at the expense of the State of Qatar. The delegation consists of Minister of Business Development &... Read more of this article
U.S. Consulate Flies Flag At Half Mast
The U.S. Consulate in Bermuda joined with numerous American public buildings, military posts, naval stations, embassies and consular offices around the world in flying their flag at half mast yesterday [Sept 12] as a mark of respect to the four Americans who lost their lives after an attack on the U.S. diplomatic post in Libya. The attack in Libya... Read more of this article
