You would also note that just as speaking Spanish helps in developing relationships with Latin American Insurers and Investors, speaking ARABIC, is a KEY element of developing and tapping the TRILLIONs of dollars generated from Islamic Finance.

Also culturally, wealth Arab investors either institutional or high net worth individuals make their service provider decisions (and jurisdictional decisions) based on who they have formed a relationship with and who they are negotiating with.

To be blunt the Premier, Minister, Business Bermuda, the local Banks, Fund Managers and law firms will have to employ some mother tongue Arabic speakers to genuinely build trust that Bermuda’s IB infrastructure can properly manage TRILLIONS of dollars (actually UAE AED’s – dirhams) before we even get our first clients with assets under administration at anywhere over USD$200m on which you will only make 0.75bps to 1.25bps

The Premier’s efforts and those of this Delegation are a start, in addition to the 4 or 6 conferences attended in the UAE over the past 3 years, but lets stop fooling ourselves, until we are fully open for business in Bermuda with policies that stop strangling the Investor and Entrepreneur all we are doing is burning through capital expenditure on club world seats, per diem allowances and $500 hotel nights to pretend like Bermuda we can walk the walk.

Stop fooling yourselves and drinking making tea from the same tetley teabag 3 times to show austerity………time for BOLD STEPS and TESTICULAR FORTITUDE.

Leadership, Economy, Immigration, Crime, Education, Hotel Investment, Tourism Repositioning, Jobs for Bermudians, Jobs for Bermudians……….and now trying to manage the relaxation of 60/40 protection on a case by case basis…….does either of the OBA or PLP even have a macro plan to tackle these issues and implement a real strategy

What we really need is 40 of Bermuda’s brightest and best RESIDENTS (Bermudian or Non Bermudian) to have a meeting, form a Party and sweep the Polls with results instead of the constant rhetoric from the OBA and PLP about what they are going to do when in power.

@CHEEZ UMS BIE go and read a book or online publication like the financial times or wall st journal before you start typing

BERMUDA PLC. – CEO & 35 DIRECTORS WANTED

Business in Europe has been intertwined with the Middle East for decades, why cant Bermuda do it? Would you feel better if the OBA did it?

If you have not studyied Islamic banking then shut up, this is a billion dollar industry that even the United States and Uk uses and would be very beneficial to Bermuda.