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Island Financial

Island Financial (1549)

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OPECVienna  - Global oil markets were well supplied, the Organization of the Petroleum Exporting Countries (OPEC) said Thursday in view of the continuing record-breaking price rallies.

"There is clearly no shortage of oil in the market," the oil cartel's secretary general Abdalla Salem el-Badri said in a press statement released from OPEC's headquarters in the Austria capital Vienna.

On Wednesday, the average basket price for one barrel (159 litres) of OPEC-produced crude rose to a new record high of 116.03 dollars.

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WILLEMSTAD
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CURACAO - Seamec Ltd has announced that the Company's vessel SEAMEC II after completion of dry dock and repair due to damage caused by Fire Accident in Curacao has commenced charter with the same client CONDUX SA DE, Mexico w.e.f. July 08, 2008.
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OPECVienna  - The price for crude oil produced by the Organization of the Petroleum Exporting Countries (OPEC) jumped above 140 dollars a barrel for the first time on Thursday, a statement issued by OPEC said Friday.
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Frankfurt - Faced with spiralling inflation, the European Central Bank (ECB) is set to deliver Thursday its first rate hike in more than year, most analysts agree. The ECB's 21-member rate-setting council is expected to defy growing political opposition to a tighter monetary policy in the 15- member eurozone by announcing that it had raised its benchmark refinancing rate by 25 basis points to 4.25 per cent.

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The following article briefly discusses the current situation of information and communication technologies and the challenges of adopting new media technologies in the Caribbean. It also offers some insights into the way forward post-WSIS citing examples from the region. The terms
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HOLLAND - At the Antillenhuis on Tuesday morning in The Hague there was a meeting between the Dutch Antilles and the United Arab Emirates (UAE).

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The economy of St. Maarten is growing rapidly. Compared to Curacao which has a larger economy, the islands economic performance is much better. So says the president of the central bank Dr. Emsley Tromp.

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The Central Bank of the Netherlands Antilles has decided that as of 20 March 2008 its official interest tariff will be reduced. The tariffs will be reduced by a half percent of 3.25% to 2.75%.

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