Foreign Affairs and Immigration Minister Fred Mitchell says The Bahamas is seeking development financing and investment from high-net-worth individuals and governments in countries such as Saudi Arabia, Qatar and Dubai.
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The $83.5-million final phase of the redevelopment of the Lynden Pindling International Airport is 90 per cent complete and on track to open in just a few months, according to officials from the Nassau Airport Development Co (NAD), which led Prime Minister Perry Christie and members of government on a tour of the site today.

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NASSAU, Bahamas — William N. Taylor is recognized by Continental Who’s Who as a Professional for the second consecutive year as a result of excellence as a business professional in the islands of the Bahamas. William currently serves as President of Global Tile Imports Ltd.

Global Tile Imports Ltd. has been serving the Bahamas for over 30 years.  Through Global Tile Imports, William has been serving homeowners, contractors, architects and interior decorators with beautiful ceramic, porcelain, marble, granite and other flooring products, quality setting materials, and professional tools for both residential and commercial applications.

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Ministry of Tourism hails Goombay Summer 2013 festival a success. Watch a ZNS Network news report here.
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According to PKF Consulting USA, LLC’s (PKFC) 2013 edition of Caribbean Trends® in the Hotel Industry, the average Caribbean hotel that participated in the survey enjoyed a 10.9 percent increase in net operating income (NOI). This is the second year in a row that Caribbean hotels have experience a double-digit increase in NOI. This is the highest growth in profits that Caribbean hotels have seen since 2008.

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NASSAU, Bahamas /PRNewswire/ — Second-home buyers scanning the Caribbean real estate market are now looking for the convenience of a condominium and the luxurious amenities of a high-end residential development.

Gustaf Hernqvist, sales & marketing VP of the private oceanfront Caves Heights condominium development in Nassau, The Bahamas, says that North American and European investors in the island nation are showing a clear preference for condominiums over homes.

“Second-home seekers are starting to realize that it is actually more convenient to invest in a condominium that requires minimum upkeep yet offers all the fantastic amenities of major luxury housing developments,” he said. The costs of maintaining a home in the Caribbean, from landscaping to building management and security, can quickly add up.

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OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and issuer credit rating (ICR) of “a-” of Colina Insurance Limited (Colina). Concurrently, A.M. Best has revised the outlook to stable from negative and affirmed the ICR of “bbb-” of Colina Holdings Bahamas Limited (CHBL) (BISX: CHL) (both domiciled in Nassau, Bahamas). Colina is a wholly owned subsidiary of its publicly traded parent, CHBL, and CHBL is majority owned by AF Holdings Ltd. (AFH).

The rating affirmations for Colina reflect its leading position in the life/health market in The Bahamas, its adequate risk-adjusted capitalization, stabilized operating results and conservative reserving practices. As a life/health market leader, Colina has maintained its competitive advantages within The Bahamas.

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The Bahamas Financial Services Board (BFSB) and the Insurance Commission of The Bahamas (ICB) are partnering to provide full scholarships for the Associates in Captive Insurance (ACI) designation offered by the International Center for Captive Insurance Education (ICCIE).

ICCIE is the first and only comprehensive captive insurance education program in North America, and its mission is: “To be the premier provider of captive insurance education and to offer the pre-eminent professional designation in captive insurance.”

The courses offered are relevant to any domicile around the world, and their faculty members are recognized for their expertise in various captive insurance specialties.

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The lighthouse on Elbow Cay in the Abacos is a major tourist attraction. Watch a Tourism Today report here.
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