Hashtag: #MiddleEast
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
Business Bermuda Hosts Conference in Bahrain
Business Bermuda hosted the Financial Services Conference presentation and reception yesterday [Feb 16] at the Capital Club, located in the East Tower of the Bahrain Financial Harbor, Manama, Kingdom of Bahrain. The event included an introduction from Cheryl Packwood, Chief Executive Officer of Business Bermuda followed by a panel discussion by delegates... Read more of this article
Egypt Drives Demand For Political Risk Insurance
Ongoing unrest in Egypt has sent prices for political risk insurance coverage from Bermuda and London carriers surging by 12 percent to 15 percent for companies established there — and even higher for some professionals like journalists — experts have told “Risk & Insurance” magazine. And even though the country’s embattled leader... Read more of this article
Business Bermuda Attends Bahrain Forum
Business Bermuda continues efforts in the Middle East region by attending the 7th Annual Middle East Insurance Forum [MEIF]. MEIF, run in strategic partnership with the Central Bank of Bahrain, was held on the 7 – 8 February 2011 at the Ritz Carlton, Kingdom of Bahrain. The conference set the stage for critical discussions that will chart a... Read more of this article
WikiLeaks: ‘Stronger Interest’ in US
The head of the British Treasury’s asset freezing unit urged the US to deal with Bermuda directly over the question of blocking Iran’s state fleet from obtaining coverage on the island’s insurance market, says a cable released by WikiLeaks today [Feb.5]. Patrick Guthrie, who helped to coordinate British sanctions against Iran resulting... Read more of this article
WikiLeaks: Bermuda Ban on Iran Insurance
[Updated] Bermuda’s move to ban insurers providing coverage for the Iranian regime’s state fleet ”provides us with another opportunity to highlight the risks of doing business with IRISL [Islamic Republic of Iran Shipping Lines] and the international community’s efforts to protect themselves from those risks”, US Secretary... Read more of this article
Island Could Play Key Role in Islamic Insurance
Bermuda is well positioned to play a key role in the swiftly growing Islamic insurance, or takaful, industry, says local law firm Conyers, Dill & Pearman. In a newly released background paper on Islamic insurance, CDP says despite the island’s small size and isolation a sophisticated legal system, a regulatory framework supervised by the... Read more of this article
Bermuda Win Opening Match in Dubai
The Bermuda National Cricket Team won their first match in Dubai, as they took on Dubai’s under/19 team at the first of five games on their training tour, which is designed to prep them for the ICC World Cricket League event to be held in Dubai from April 8 to 15, 2011. The Bermuda National Team bowled the UAE U/19 Team all out for 218, with Stefan... Read more of this article
Bermuda Cricket Team Heads to Dubai
Yesterday evening (Dec 30) the Bermuda National Cricket team departed for a training tour in Dubai. The team will compete in a training series against the United Arab Emirates. Fifteen local players will be in Dubai, along with five members of the management team. Coach David Moore said “The 15 players selected for the tour of Dubai have been given... Read more of this article
Bermuda Insurance Denied To Iran Ships
Increasingly tough international sanctions are taking their toll on Iran’s nuclear designs and its ballistic missile programme – including the fact Bermuda-based re/insurers are now refusing to provide coverage for the regime’s ships. The “Wall Street Journal” reports today [Dec. 29] new measures announced by the US Treasury will... Read more of this article
Cricket Squad for Dubai Tour Named
The Bermuda Cricket Board has named the team selected to travel to Dubai to compete in the 5 match 50 overs series against UAE. The tour will take place from December 30th to January 12th. Coach David Moore commented on the importance of this tour and some of the selections. “Stephen Outerbridge and Irving Romaine are unable to tour due to injury.... Read more of this article
Video: Bermuda on BBC’s Middle East Report
Bermuda is a viable and attractive alternative to financial hubs in the Middle East for Islamic investors. In an interview with the BBC’s “Middle East Business Report” during her recent tour of the Gulf States, Business Bermuda CEO Cheryl Packwood said the island’s investment and wealth-management sectors had long-since introduced... Read more of this article
