Here follows a press statement by Prime Minister Perry Christie 11 January 2017 on the exemption of Bahamian aircraft operators from payment of overflight fees to the FAA on flights which take off and land in The Bahamas:

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The Ministry of Foreign Affairs and Immigration of the Commonwealth of The Bahamas announces that the visa waiver agreement signed with the United Arab Emirates (UAE) 27 November 2016 came into effect on 27 December.

A similar announcement has been made in the UAE.

This means that with effect from 27 December, UAE citizens can now enter The Bahamas without a visa and stay up to 90 days as tourists and Bahamian citizens can travel to the UAE with the same privileges.

MIAMI, January 11, 2017 /PRNewswire/ — The private Bahamian destination of Princess Cays has been added to the itineraries of six different Carnival Cruise Line ships beginning in May 2017. Carnival Cruise Line ships are expected to make 40 calls to Princess Cays in 2017 and 98 the following year.

Located on the southern tip of the island of Eleuthera in The Bahamas and operated by Carnival’s sister company Princess Cruises, Princess Cays is a breathtaking tropical oasis where vacationers can relax on miles of unspoiled white-sand beaches and swim in crystal clear waters teeming with tropical fish.

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Minister of Youth, Sports and Culture Dr. Danny Johnson said plans are on the drawing board to improve Junkanoo in Grand Bahama, and a part of that plan is to create an eight-week Junkanoo season in The Bahamas.

“That means, this would create multiple opportunities on various islands for more creative work,” added Minister Johnson, during an interview with the media at Grand Bahama’s New Year’s Junkanoo parade in downtown Freeport.

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The Grand Bahama Chamber of Commerce held its first meeting of its new board of directors January 4, where the new slate of business leaders reviewed its work of the past year and began to lay out its plans for 2017.

The afternoon retreat was an opportunity for the incoming new board members to become familiar with the business organization’s work for the new year.

Newly-elected president Mick Holding led the meeting held at Pelican Bay‘s convention centre in Lucaya, Grand Bahama.

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GEORGE TOWN, Cayman Islands, Jan. 6, 2017 /PRNewswire/ — Cainvest Bank and Trust Ltd (“Bank Cainvest”) today announced it has acquired Dartley Securities Business from Dartley Bank and Trust Ltd. (“Dartley”).

As part of the acquisition process, Dartley Securities Limited, a Securities Company regulated by the Securities Commission of The Bahamas, is now 100% controlled by Bank Cainvest. Furthermore, all the accounts at Dartley Bank and Trust Ltd. were closed prior to December 31, 2016 and with the acquisition Dartley Bank is exiting and closing its private banking activities.

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Sterling Bank & Trust has announced the appointment of former Ontario Premier Michael Harris as a director of the integrated banking and financial services firm specializing in development and real estate-related investment vehicles.

The new appointment increases the role Harris will play in helping to set policy direction for the growing firm, which has more than $9 billion in assets under administration and offices in Nassau and The Cayman Islands.

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JACKSON, MS / ACCESSWIRE / January 4, 2017 / Bahamas Development Corporation (OTC PINK: BDCI) has executed an Asset Purchase Agreement (APA) to acquire a fast-growing wholesale turnkey performance lifestyle apparel company. The apparel company is focused on the “HOT” Athleisure category and has existing operations and distribution channels throughout the United States and Caribbean.

The apparel company has a multi-year operating history and currently generates revenue in excess of $1 million per year. The acquisition has been structured to avoid any dilution to BDCI. One of BDCI’s Officers is obtaining a loan he is personally guaranteeing.

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