Barbados has been designated as the new global hub for Small Island Developing States (SIDS), following a landmark agreement signed at the UNCTAD Global Supply Chain Conference held at the Lloyd Erskine Sandiford Centre in Barbados. The agreement, signed by Gerd Muller, Director General of the United Nations Industrial Development Organisation (UNIDO), and Kerrie Symmonds, Minister of Foreign Affairs...
The Caribbean Hotel and Tourism Association (CHTA) proudly introduces its revolutionary guidebook, "Artificial Intelligence Transformation Guide for Caribbean Tourism." This groundbreaking project, led by the CHTA Technology Task Force, represents a major milestone as the first AI-focused guidebook released by a regional Hotel and Tourism Association. Authored by Christus Gill with the support of AI...
The forthcoming Banyan Tree Bimini Resort & Residences will be the first Banyan Tree Resort and Residences to open in the Caribbean, bringing an unparalleled level of luxury to the Bimini, Bahamas real estate market. This elite development by Rockwell Island Development Group promises to become a prime destination for discerning property investors and residents. Elevating Caribbean Real...
Barbados, known for its rich culture, pristine beaches, and welcoming climate, presents a myriad of opportunities for investors looking to enter the Caribbean real estate market at various price points. With its growing popularity among tourists and investors alike, Barbados has become a hotspot for those seeking lucrative investment options. Here are some ways to tap into this thriving...
The economies of the Caribbean region are returning to pre-pandemic growth levels, and CIBC Caribbean attributes this recovery as a key factor in its robust performance for the first half of its financial year. The Barbados-headquartered regional financial institution recently released its unaudited consolidated statement of comprehensive income for the six months ending April 30. The financial report...
The allure of Caribbean real estate extends far beyond its stunning vistas and vibrant cultures; it presents a lucrative opportunity for investors. Investing in Caribbean properties, especially in nations offering citizenship by investment (CBI) programs, can yield substantial rewards. Navigating the Investment Journey Here’s a detailed roadmap for investing in Caribbean real...
Sports play a crucial role in Barbados' tourism industry, according to Kamal Springer, Sports Manager at the Barbados Tourism Marketing Inc (BTMI). Speaking to pupils at Eagle Hall Primary School during their Male Week initiative, Springer emphasized the significant economic impact of sports tourism on the island. Under the theme "Today’s Boys, Tomorrow’s Tourism Stars," Springer encouraged...
A transformative $2 billion project named Esencia is set to redefine the Caribbean hospitality landscape, positioning Puerto Rico as a premier luxury destination. This ambitious venture, led by British billionaire brothers David and Simon Reuben, in collaboration with Roberto Ruiz and Will Bennett of Three Rules Capital, aims to inject vitality into the region's economy and tourism sector. Situated in...
Access Bank, a leading Nigerian multinational commercial bank, is poised to establish a presence in the Caribbean, aiming to improve local access to financial services while expanding digital offerings. Aigboje Imoukhuede, Chairman of Access Holdings headquartered in Lagos, revealed these intentions at the recent African Export-Import Bank (Afreximbank) Annual Meetings held in The Bahamas. He highlighted...
After an eight-year wait, construction of a new Hyatt Hotel is set to commence this year, with its opening slated for 2026. This development is part of a significant US$100 million ($200 million) financing agreement that prominent businessman Mark Maloney has arranged with the African Export-Import Bank (Afreximbank). Out of the total, US$90 million ($180 million) is allocated for building the hotel,...