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$5.3 Million Invested In New CG Atlantic Building
April 30, 2024
$5.3 Million Invested In New CG Atlantic Building
NASSAU, BAHAMAS - CG Atlantic officially opened a $5.3 million insurance company building on the Mall Drive in Grand Bahama.
April 23, 2024
Royal Caribbean's Beach Club investment to surpass $165 million says exec
NASSAU, BAHAMAS — A Royal Caribbean executive stated yesterday that the company's investment in its beach club development is likely to surpass the initially projected $165 million outlined in its Heads of Agreement (HOA) with the government, with equity raise to Bahamian investors to collectively hold a 49 percent equity ownership in the development expected [...]
April 22, 2024
Nassau Cruise Port Donates Nearly $2 Million Towards Food Security
The Nassau Cruise Port has donated $1.95 million towards projects that will assist the Ministry of Agriculture and Marine Resources in its aim to increase food security for The Bahamas.
April 17, 2024
9 Arrests Made in $14.8 Million Gold Heist At Toronto Airport
CANADA - Nine arrests have been made in connection to last year's $14.77 million gold heist at Toronto Pearson International airport.
Norweigan Cruise Lines proceeding with $150 million two-berth pier project at Great Stirrup Cay
April 10, 2024
Norweigan Cruise Lines proceeding with $150 million two-berth pier project at Great Stirrup Cay
NASSAU, BAHAMAS — Norwegian Cruise Lines (NCL) is moving forward with a significant $150 million investment in a two-berth pier at Great Stirrup Cay in the Berry Islands, with plans to commence construction this summer. Harry Sommer, President/CEO of NCLH, announced this and other developments at the ongoing Sea Trade Cruise Conference in Miami Beach, [...]
April 09, 2024
British Navy Makes $21 Million Drug Seizure Off Martinique
SOUTHERN CARIBBEAN - The British Royal Navy says its warship HMS Trent seized drugs with a street value of 21 point 1 million dollars in two separate blows to drug runners in the Southern Caribbean.
April 08, 2024
Bahamian in New York City among millions to feel earthquake Friday
CHET KINCAID, a Bahamian living in New York City, said he thought he was going to be buried alive in his apartment when an earthquake rocked the Big Apple.
April 08, 2024
'PAY UP': PM claims "very strong case" for $357 million demand from GBPA
NASSAU, BAHAMAS — Asserting that the Grand Bahama Port Authority (GBPA) has not been living up to its legal obligations to develop and grow the economy in Freeport, Prime Minister Philip Davis says that the government has a "very strong case" to demand $357 million - which covers the last five fiscal years. Prime Minister [...]
British tycoon and Albany developer Joe Lewis fined $5 million and given three years probation for insider trading
April 05, 2024
British tycoon and Albany developer Joe Lewis fined $5 million and given three years probation for insider trading
NASSAU, BAHAMAS — British billionaire and Albany developer Joe Lewis has avoided prison time after a US judge on Thursday ordered him to pay a $5 million fine and serve three years of probation for pleading guilty to what federal prosecutors described as a yearslong brazen insider trading scheme. Lewis, 87, pleaded guilty in January [...]
FOCOL extends $25 million rights offering deadline
April 03, 2024
FOCOL extends $25 million rights offering deadline
NASSAU, BAHAMAS — FOCOL has announced the extension of its $25 million Rights Offering, initially set to close on March 22, 2024, now extended to Friday, April 5, 2024, due to the offering not yet being fully subscribed. The BISX-listed petroleum products supplier launched the rights offering in late February exclusively for current shareholders of [...]
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