Search results for : loans
Halkitis: No laws broken with Saudi loan agreement
October 06, 2023
Halkitis: No laws broken with Saudi loan agreement
Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper broke no laws when he a signed a $70 million loan agreement with the Saudi Fund for Development (SFD) in Saudi Arabia last week, Minister of Economic Affairs Michael Halkitis said yesterday. Halkitis said that Cooper, at times, acts as the minister of finance. "We understand ... ...
The post Halki...
September 29, 2023
FNM claims Saudi loan agreement signed contrary to law
The Free National Movement (FNM) released a statement yesterday claiming the Progressive Liberal Party (PLP) government broke the law after Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper signed a $70 million loan agreement with the Saudi Fund for Development (SFD) on Wednesday while in Saudi Arabia.
September 28, 2023
Govt gets $70 mil. Saudi loan for Exumas airport facilities
The government of The Bahamas signed a loan agreement with the Saudi Fund for Development (SFD) for $70 million, that will go toward funding airport infrastructure in the Exumas, a press statement released by the fund yesterday explained. Minister of Tourism, Investments and Aviation Chester Cooper, who is currently in Saudi Arabia, signed the loan agreement and also ...
The post Go...
Govt ponders ways to use Chinese 100m loans on offer
September 29, 2010
Govt ponders ways to use Chinese 100m loans on offer
By ALISON LOWE
Tribune Staff Reporter
alowe@tribunemedia.net
THE government is considering ways to use more than $100 million in loans that are still on offer from the Chinese government, acknowledging that while this money too will come with a "Chinese labour component" it is expected that jobs for Bahamians can also be "maximised."
Carl Bethel, FNM party chairman and MP for Seabreeze, said t...
New fund acquires 11M in loan assets
March 02, 2012
New fund acquires 11M in loan assets
A new fund by Sterling Financial Group has acquired nearly $11 million in loans after launching earlier this week.
The New Providence Income Fund, the third created by the Bahamas-based financial services provider, has made five commitments to a mix of commercial and residential properties.
David Kosoy, the chairman and CEO of Sterling Financial Group, inspected an industrial property in Miami yes...
July 21, 2023
Govt signs $10 mil. loan facility with Saudi Arabia for tourism development
The Bahamas signed a $10 million loan facility with the Kingdom of Saudi Arabia that will help this country to enhance the economic development of the tourism industry, through the development of the Tourism Development Corporation's (TDC) business incubation centers, the Ministry of Tourism, Investments and Aviation announced in a statement yesterday. The statement explai...
$10 million loan agreement signed with the Kingdom of Saudi Arabia to fund TDC incubation centres
July 21, 2023
$10 million loan agreement signed with the Kingdom of Saudi Arabia to fund TDC incubation centres
NASSAU, BAHAMAS — The Ministry of Tourism yesterday announced that the Kingdom of Saudi Arabia and the Government of The Bahamas have executed a $10 million loan agreement to fund the Tourism Development Corporation's Business Incubation Centres. The project includes the construction and rehabilitation of two-story facilities on New Providence, Grand Bahama and Exuma including [...]
U.S. Court Strikes Down Student Loan Plan
July 01, 2023
U.S. Court Strikes Down Student Loan Plan
USA - The U.S Supreme Court has struck down US President Joe Biden's proposal to wipe out billions in student debt.
Saudi Arabia, govt agree on $10 mil. loan facility
June 20, 2023
Saudi Arabia, govt agree on $10 mil. loan facility
Deputy Prime Minister and Minister of Tourism, Investments and Aviation Chester Cooper yesterday announced that the Kingdom of Saudi Arabia has entered into a $10 million loan facility agreement with the government to fund the Tourism Development Corporation's business incubation centers.
Kingdom of Saudi Arabia provides $10 million loan to boost TDC business incubation centers
June 20, 2023
Kingdom of Saudi Arabia provides $10 million loan to boost TDC business incubation centers
NASSAU, BAHAMAS — The government has agreed to a $10 million loan facility from the Kingdom of Saudi Arabia to fund the Tourism Development Corporation's Business Incubation Centres Deputy Prime Minister Chester Cooper revealed yesterday. Cooper during his budget communication in Parliament said: "I am pleased to announce that the Kingdom of Saudi Arabia and [...]
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