Friday, 25th July 2008

Business from the Guernsey Press

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Sharia fund is first for the island

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THE first Guernsey-domiciled sharia-compliant fund investing in the United Arab Emirates is listing on the Channel Islands Stock Exchange next month.

AIC speaks up for islands

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THE Association of Investment Companies has written to the UK Treasury Select Committee in support of the Channel Islands’ position as a financial centre and home to a growing number of investment companies.

Mix means more appeal

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THE cosmopolitan mix of advocates working in Guernsey has broadened the island’s appeal to international clients, according to a Carey Olsen partner.

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‘On and off’ end backed by bankers

THE British Bankers’ Association has backed the States claim that the categorisation of offshore financial centres is becoming increasingly irrelevant.

Time to tighten our belts, says Chamber boss

INFLATION may be largely out of our control but there is no need to panic, business experts have advised.

‘Offshore’ stigma removed

GUERNSEY should not be stigmatised by the term ‘offshore’, according to the island’s branch of the Society of Trust and Estate Practitioners.

Extra space benefits Project

RETAIL and trade customers stand to benefit from Project Hire’s latest expansion.

IMF got it right in end

GUERNSEY’S finance sector has reacted with delight to news that the terms, ‘offshore’ and ‘onshore’, are to be dropped by the International Monetary Fund.

Hackers have new targets

THERE is a growing trend among computer hackers to target individuals and use them to gain access to corporate databases and banking systems, according to a qualified ethical hacker.

‘We are safe,’ DDM director

INVESTMENT manager Dawnay Day Milroy has dismissed rumours that it is in financial crisis.