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Bahamas

Bahamas & Kenya formally establish diplomatic ties

The Governments of The Bahamas and Kenya have signed a communique to formalise their diplomatic relations. The communique was signed yesterday by the Bahamian Minister...

Bahamas Central Bank relaxes lending rules for residential mortgages

The Central Bank of The Bahamas (CBTB) says it is relaxing the guidelines for domestic banks and credit unions on the minimum equity injection...

Bahamas | Foreign currency outflows see $70 million contraction in November year-over-year

Foreign currency outflows saw a $70 million contraction during November relative to the same period in 2022, according to the Central Bank, with transactions...

Bahamas | Sand Dollars in circulation increase to $1.46 million

The volume of the Sand Dollar digital currency in circulation increased to $1.46 million as of November, representing an approximately 40 percent increase over...

FTX Trading Ltd reaches global settlement agreement with Bahamian liquidators

NASSAU, BAHAMAS — FTX Trading Ltd has announced that it has successfully reached a settlement with the official liquidators overseeing the bankruptcy proceedings of...

Bahamian economy sustained its growth trajectory at a “moderate pace” in Q3, says Central Bank

The Bahamian economy sustained its growth trajectory in the third quarter, although at a “moderate pace,” supported by healthy gains in the tourism segment...

Bahamas | PM: Bahamians need to lead in tourism industry, not just participate

Prime Minister Philip Davis yesterday underscored the need for Bahamians to transition from more participation in the country’s tourism sector to actively leading it,...

Bahamas | PM Davis stresses need for climate financing as Bahamas Sustainable Investment Program is launched at COP28

Prime Minister Philip Davis, while speaking at the COP28 conference, emphasized the urgent need for financing to support this nation’s recovery and adaptation efforts. He...

Bahamian economy sees 8.6 percent real GDP growth during the first half of the year

The Bahamian economy saw an 8.6 percent real gross domestic product growth during the first half of 2023 compared to the corresponding period last...

Bahamas | $38 Million mobile wallet payments drop tied to government and pandemic payments

Mobile wallet payments from January to August of this year declined nearly $38 million compared to the same period last year, as the Central...

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