Hashtag: #MiddleEast
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
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
