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The World Bank Group has announced the appointment of its first Resident Representative in Guyana. The appointment of senior World Bank Official, Diletta Doretti to the position took effect on the 1st July. In a statement, the bank said the appointment of a Resident Representative seeks to unify country-level leadership across the institution to better […]
Canadian-based oil and gas exploration company – CGX – has informed the Government of a potential commercial interest for the Wei-1 Well in the Corentyne Block, but Vice President Bharrat Jagdeo has made it clear, that the Government will not be played by CGX. In what could be described as a last-minute ditch, CGX and […]
The Government will be moving to finalize its oil deal with the Total Energies Consortium, which includes Qatar Energy and Petronas, but may have to scrap its offer to some of the other winners of the country’s lucrative offshore blocks, if they are unable to meet the criteria set out in the new Production Sharing […]
The Caribbean Court of Justice (CCJ) has dismissed an appeal by political commentator, Ramon Gaskin, who wanted the Court to have Hess Guyana Exploration Ltd (Hess) and China National Offshore Oil Cooperation Guyana (CNOOC) obtain separate environmental permits for their involvement in the local oil sector. An Environmental Permit was granted to Esso Exploration Limited, and […]
The Government Analyst-Food and Drug Department (GA-FDD) has issued an urgent consumer alert about fake batches of OZEMPIC that may possibly be on the local market. In a statement, the Department said its alert is based on information provided by the World Health Organization (WHO), regarding three falsified batches of OZEMPIC (semaglutide). Ozempic is a […]
The Bank of Guyana today announced that it has revoked the license of Confidential Cambio of Lombard Street, Georgetown, which was operated by the Mohamed family. In a public notice, the Central Bank stated that with the revocation, the entity is no longer authorized to conduct the business of buying and selling foreign currency. The […]
The US Treasury Department’s Office of Foreign Assets Control (OFAC) today announced the sanctioning of billionaire Guyanese businessman Nazar Mohamed, his son, Azruddin Mohamed (Azruddin), their company, Mohamed’s Enterprise, and Labour Ministry Permanent Secretary and PPP Central Committee member, Mae Thomas. In a statement, the US Treasury Department said the Mohameds and Thomas have been […]
Opposition Leader, Aubrey Norton has called for the establishment of an Inter-agency Task Force in order to save the country’s gold-mining industry, which appears to be on the decline. During a press conference today, Mr. Norton said the rapid decline in the country’s gold production and declaration could be attributed to “Government incompetence”, however, he […]
The Central Housing and Planning Authority intends to shift its focus towards sustainable housing with increase attention on home ownership for the ordinary Guyanese, Minister of Housing and Water, Collin Croal, has announced. Speaking at the launching of the 2024 International Building Expo at the Ramada Hotel last evening, Minister Croal said initiatives like the […]
Amid a shortage of foreign currency in the country, the Bank of Guyana has been forced to inject more than US$80M into the foreign currency market, on instructions of the Government. At a press conference on Thursday, Vice President, Bharrat Jagdeo said he met with the members of the local Banking Sector along with the […]
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