Hashtag: #MiddleEast
Premier To Co-Chair Summit, Bill Clinton To Speak
Premier Paula Cox will serve as Co Chair of the C3 Summit to be held on September 13/14 in New York City, with guest speakers at the event set to include former U.S. President Bill Clinton and Apple CEO Tim Cook. President Clinton will serve the keynote speaker for the C3 Summit 2012: The 21st Century Business Challenges in U.S.-Arab Opportunities. Ransel... Read more of this article
‘Goal Is To Expand Islamic Finance Opportunities’
This past week, the Premier and Minister of Finance, Paula Cox, led a delegation to London to continue efforts to strengthen Bermuda’s relations with member countries of the Gulf Cooperation Council [GCC]. The delegation arrived in London last Sunday [July 15] and included Wayne Furbert, Minister of Business Development and Tourism; Jeremy Cox, Chief... Read more of this article
Video: Bermuda’s Role In Islamic Finance
Business Bermuda CEO Cheryl Packwood explains why the island is poised to play “a vital role” in Islamic Finance in this interview shot at a major regional conference in Bahrain last November. At the time, Ms Packwood [pictured] told the “Gulf Daily News” she has already committed to coming back to the country’s next World Islamic Banking... Read more of this article
IGIH Earnings Increase By 35 Per Cent In 2011
Dubai-based International General Insurance Holdings Limited [IGIH] — which maintains a major Bermuda operation — today [Apr.3] reported net earnings of $23.2 million for 2011, an increase of 35.05 per cent compared to $17.2 million for the 2010 fiscal year. Commenting on the results, Wasef Jabsheh, Vice Chairman and Chief Executive Officer... Read more of this article
Islamic Finance Assets Continue To Grow
As Bermuda continues to position itself as a hub for Sharia-compliant business, a new report from the UK Islamic Finance Secretariat [UKIFS] indicates that Islamic finance assets worldwide continued a long run of growth to reach an estimated $1.3 trillion in 2011 — 150 per cent up over the previous five years. Despite political unrest in some... Read more of this article
Dupplin Speaks At Qatar Conference
The insurance industry is not doing a good enough job of explaining its resilience in the face of recent adversity, according Hiscox Bermuda chief executive Charles Dupplin [pictured]. Speaking to delegates at the MultaQa 2012 re/insurance conference in Qatar today [Mar. 13], he said UK Chancellor of the Exchequer George Osborne had recently complained... Read more of this article
Talbot Ends Abu Dhabi Joint Venture
Talbot Underwriting, Ltd., a wholly owned subsidiary of Bermuda’s Validus Holdings, Ltd., and Abu Dhabi National Insurance Company [ADNIC], one of the leading insurance companies in the United Arab Emirates, announced today [Mar.13] that they are ceasing their joint venture business Underwriting Risk Services Middle East Ltd. [URSME], which was... Read more of this article
Frontline Boycott Adds To Iran Oil Woes
US and European sanctions designed to pressure Iran over its nuclear programme may be cutting the Persian Gulf nation’s oil exports as vessels cancel trips to the country including all of the ships in the tanker fleet operated by Bermuda-based Frontline Ltd. Shipments have declined by 300,000 to 400,000 barrels a day because sanctions are preventing... Read more of this article
Iranian Oscar Winner Showcased By BIFF
The 2012 Bermuda International Film Festival [BIFF] will open a window on global cinema for local audiences with a World Cinema showcase featuring last month’s Iranian winner of the Academy Award for best foreign-language film. The World Cinema line up includes Oscar winner “A Separation” as well as three films nominated for the same... Read more of this article
Frontline Won’t Ship Iranian Crude
European Union sanctions on Iran are tightening after Bermuda’s Frontline Ltd. joined ship operators controlling more than a hundred other supertankers and announced they would stop loading cargoes from the Organisation of Petroleum Exporting Countries’ second-largest producer. Frontline companies including Hamilton, Bermuda-based Frontline... Read more of this article
Embargo Hits Bermuda Firm’s Tankers
New European Union sanctions on Iranian oil will extend to about 95 percent of the global tanker fleet — including those operated by at least one major Bermuda shipping company – because they are insured under rules governed by European law. The International Group of Protection & Indemnity [P&I] Clubs insures all but five percent... Read more of this article
Qatar OKs Draft Bermuda Treaty
As the island continues its efforts to become the first Western sharia-compliant financial services hub, the oil-rich Persian Gulf state of Qatar yesterday [Jan. 26] approved a draft tax treaty with Bermuda. Qatar Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al Thani chaired the Cabinet’s regular meeting when the Bermuda... Read more of this article
Bermuda’s Islamic Finance Initiative
Bermuda is set to double-down on its efforts to become the first Western centre for Islamic finance in a favourable tax domicile, as the island looks to introduce legislation to accommodate a Shariah-compliant platform for such vehicles and products. In an exclusive interview with “Euromoney ” magazine published today [Jan.18], Business... Read more of this article
Gulf Keystone’s Kurdistan Update
Gulf Keystone today [Jan.9] provided an update on its ongoing exploration and appraisal programme in the Kurdistan Region of Iraq, which includes the Shaikan block, a major discovery with independently audited gross oil-in-place volumes of between 8 billion barrels to 13.4 billion barrels. An independent oil and gas exploration and production company... Read more of this article
Around The World On 1200CC’s
A former Bermuda financial services employee decided to invest his redundancy package in seeing the world — and has now driven his 1200 cc motorcycle through 83 countries on five continents. Canadian David Radford, 40, was working for a Bermuda finance company at the onset of the global recession in 2008. Accepting his firm’s redundancy... Read more of this article
Video: 1959 ‘Portrait Of Bermuda’
Iran’s former empress, New York’s mayor and the Duke of Edinburgh are among the celebrities filmed against Bermuda backdrops in a 1959 promotional film extolling the island as a dream location for vacationing photographers. “Portrait of Bermuda” was released by the Bermuda Trade Development Board, aimed at the mushrooming market... Read more of this article
