Hashtag: #MiddleEast
Guerillas Kill Oil Firm’s Employees
The Kurdistan Workers’ Party, or PKK, killed three employees of Bermuda’s TransAtlantic Petroleum Ltd. in southeast Turkey late last week. TransAtlantic Petroleum, based in Hamilton, said the attack “appears to be an isolated event” in a statement issued today [Nov 28]. The incident took place at its Selmo field in southeast Turkey, said... Read more of this article
Island Could Play Vital Islamic Finance Role
Business Bermuda says the island is poised to play “a vital role” in Islamic Finance, a Bahrain newspaper reports today [Nov. 24]. Organisation CEO Cheryl Packwood told the “Gulf Daily News” she has already committed to coming back to the country’s next World Islamic Banking Conference and hopes to bring Bermuda’s... Read more of this article
Business Bermuda Hosts Bahrain Reception
Business Bermuda, an organisation working with Bermuda-resident companies and government to develop and promote Bermuda internationally as the jurisdiction of choice, hosted a reception for the financial services community in Bahrain as part of their participation at the 18th annual World Islamic Banking Conference, currently being held under the... Read more of this article
Conyers On Bermuda And Islamic Finance
Bermuda’s efforts to establish itself as a global leader in Islamic finance is now an economic priority for the island. And on the eve of this month’s 18th Annual World Islamic Banking Conference in Bahrain, international Bermuda law firm Conyers, Dill & Pearman has been reminding potential clients in the Muslim world why the island’s... Read more of this article
Island Attending Key Islamic Finance Forum
As the global Islamic finance industry enters the next phase of growth, more than 1,200 industry leaders, senior financial services industry figures from Bermuda will join decision-makers and key regulators from more than 50 countries who are attending the 18th Annual World Islamic Banking Conference [WIBC 2011]. Hosted with the strategic partnership... Read more of this article
LA Jewish Advocate On Bermuda Childhood
Eli Lipmen, now communications strategist for the American Jewish Committee [AJC] in Los Angeles, was raised in Bermuda and recently reflected fondly on his childhood here. The AJC was founded in 1906 with the aim of rallying all sections of American Jewry to defend the rights of Jews all over the world. It is one of the oldest Jewish advocacy organisations... Read more of this article
Bermuda Firm Won Major Gaddafi Contracts
A Bermuda registered firm headed by a former Downing Street adviser to UK Prime Ministers Tony Blair, Margaret Thatcher and John Major faces an uncertain future in Libya where it had signed a string of lucrative contracts with the toppled Gaddafi regime. Magna Holdings had been charged with building hotels and office blocks in Tripoli and was poised... Read more of this article
Business Bermuda Attends Qatar Conference
Business Bermuda represented Bermuda’s fund industry at the MENA Investment Management Conference, formerly Fund Forum Middle East, on 3 October 2011 in Doha, Qatar. Business Bermuda chaired the Rethinking Business Models & Strategies session at the event, ending with “The Onshore/Offshore Debate” panel and a discussion about how the offshore... Read more of this article
Argo Opens Office In Dubai
Bermuda-based Argo Group International Holdings, Ltd. has established a locally domiciled insurance operation in the heart of the Dubai International Financial Center (DIFC). The new company — Argo Re (DIFC) Ltd. — is a subsidiary of Argo Re, Ltd. in Bermuda, and a fully licensed insurance manager and intermediary in Dubai. The operation,... Read more of this article
Palestinian Firm’s Appeal to UK Privy Council
A Palestinian construction firm that had its on-island assets frozen two years ago will appeal to the UK Privy Council on Thursday. Consolidated Contractors International Company SAL v Munib Masri will be the only appeal to be heard in the Privy Council on May 26th, 2011. According to the Judicial Committee of the Privy Council, “In this case from... Read more of this article
Guidance Notes: Islamic Investment Funds
The Bermuda Monetary Authority today announced that it has published Guidance Notes that facilitate establishing Islamic investment funds in Bermuda. The Guidance Notes will help prospective applicants looking to establish such funds to comply with Bermuda’s funds regulations, specifically the Investment Funds Act 2006. They also complement Bermuda’s... Read more of this article
Cabinet Supports Islamic Finance Report
Business Development Minister Patrice K. Minors said yesterday [Apr. 20] Cabinet supported a 2010 report commissioned by the Finance Ministry regarding opportunities for Bermuda in the Islamic finance securities and investment funds sector as well as the re/insurance [takaful and retakaful] sector. Minister Minors [pictured] stated the purpose of proposed... Read more of this article
Islamic Insurance: Bermuda’s ‘Clever Play’
A study by Ernst & Young on Islamic insurance — takaful and retakaful — undercores impressive growth in the market and Bermuda’s new emphasis on attracting this business is a shrewd strategic move, says a leading re/insurance trade publication. “Reactions” said today [Apr.18] that Bermuda’s decision to begin... Read more of this article
Bermuda: ‘Obvious’ Hub For Islamic Finance
Bermuda’s efforts to establish itself as a global leader in the Islamic re/insurance sector — known as Takaful — are an economic priority for the island. Business Bermuda CEO Cheryl Packwood told a recent London conference the island is intent on leveraging its position as a dominant regional financial and business hub to attract new,... Read more of this article
Cricket: Bermuda Lose Practice Match in Dubai
Bermuda played UAE in a practice game in Dubai as part of their Training Camp prior to the start of the Pepsi ICC World Cricket League Division 2 Tournament today [Mar.28], going down by 8 runs. Final score: UAE 251/9 Bermuda 243/8. UAE won toss and opted to bat, they scored 251/9 from their allotted 50 overs. Arshad Ali was the top scorer with 76,... Read more of this article
Bermuda Firm Was Awarded Libya Contracts
A Bermuda-registered company chaired by the brother of former British Prime Minister Tony Blair’s chief of staff won multi-million pound contracts from the Libyan regime shortly after the then UK leader normalised relations between the two countries in 2004. According to a 2009 investigative report by Britain’s “Daily Telegraph”,... Read more of this article
