Hashtag: #MiddleEast
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
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
