September 19, 2018

Archives for June 19, 2018

Abraaj restructuring request approved by Cayman Islands court

By Sarah Townsend From The National Abraaj Group said on Tuesday a Cayman Islands court approved a request by the embattled buyout firm for a provisional liquidation of the business, enabling a court-supervised restructuring and protection of stakeholders’ rights. The Grand Court of the Cayman Islands appointed Simon Conway of PwC Corporate Finance and Recovery […]

Cayman Islands: KIDS FUN DAY

Looking for a family friendly event this weekend?   Pack up the car and come out to Pedro St. James from noon to 4pm this Saturday, June 23rd, 2018 ️    All kids and their families are invited to come to the beautiful venue of Pedro St. James to enjoy an afternoon of fun.   In […]

Celebrate Cayman Islands Summer Festival this Week

Kick off the summer by celebrating Cayman. This Saturday, 23 June, all are invited to attend the Celebrate Cayman Summer Festival. The event kicks off at 4.00 PM and runs through midnight. A major highlight of the celebration will be the bright and colourful fireworks display and live musical performances from local acts including the […]

The Editor Speaks: Shouldn’t the sea level rise worry us?

“The Antarctic Ice Sheet is an important indicator of climate change and driver of sea-level rise. Here we combine satellite observations of its changing volume, flow and gravitational attraction with modelling of its surface mass balance to show that it lost 2,720 ± 1,390 billion tonnes of ice between 1992 and 2017, which corresponds to […]

Air Arabia shares fluctuate on exposure to Abraaj funds

By Archana Narayanan and Filipe Pacheco From Bloomberg Air Arabia PJSC swung between gains and losses after the airline disclosed exposure to funds managed by Abraaj Group Ltd., the Dubai-based private equity firm that’s battling creditors. The shares fell as much as 3.8 percent in Dubai before rising 2.9 percent. Trading volume was at about […]

CPA Regional Conference 0pens in Grand Cayman

The 43rd Annual Commonwealth Parliamentary Association Regional Conference has opened. His Excellency the Acting Governor, Mr. Franz Manderson officially opened the conference. Sixty two representatives from 18 countries are participating in the week-long event. Grand Cayman (GIS) – The 43rd annual conference of the Commonwealth Parliamentary Association’s the Caribbean, the Americas and the Atlantic Region […]

Cayman Islands’ IPA launches Accountants in Business

The Cayman Islands Institute of Professional Accountants hosts an official launch event for its Accountants in Business committee. Aimed at engaging and supporting CIIPA members working outside of audit, the committee was formed late last year and is chaired by Steve McIntosh. Mr. McIntosh, himself a CA and former audit professional, is Founder and CEO […]

IBM’s machine argues, pretty convincingly, with humans

By Dave Lee From BBC On a stage in San Francisco, IBM’s Project Debater spoke, listened and rebutted a human’s arguments in what was described as a groundbreaking display of artificial intelligence. The machine drew from a library of “hundreds of millions” of documents – mostly newspaper articles and academic journals – to form its […]

Conflicting reports resolved over cause of death of gay man linked to Trinidad and Tobago chief justice

By Youri Kemp From Caribbean News Now PORT OF SPAIN, Trinidad — Almost a month after the death of convicted felon, Kern Romero, the gay friend of Chief Justice Ivor Archie implicated in a public housing fraud scheme that he (Romero) was convicted of in 2015, the conflicting reports as to how he died have […]

CNBC: Disney expected to add cash to bid for Fox

From Newsmax Walt Disney Co. reportedly is preparing to add cash to its bid for the entertainment assets of 21st Century Fox Inc. Comcast Corp. last week launched a $65 billion cash offer for the Fox assets, outbidding Disney. The assets include Fox’s movie studios, networks National Geographic and FX, Star TV, stakes in Sky, Endemol […]