Business

In the wake of the United States (US) sanctions on wealthy Guyanese Nazar Mohamed and his son, Azruddin, as well as their businesses for alleged corruption, Vice President Bharrat Jagdeo said Mohamed’s foreign exchange dealer’s (cambio) licence would be cancelled. Mr Jagdeo said the Bank of Guyana has already informed the Mohameds that their cambio licence would be struck off. ...

Agriculture Minister, Zulfikar Mustapha says there is no shortage of Guyana’s rice in St Vincent and the Grenadines. He was reacting to recent claims by Vincentian Prime Minister Dr Ralph Gonsalves that there is a shortage of that grain from Guyana due to transportation issues and reported fungus. While Dr Gonsalves had flagged the likelihood of St Vincent and the ...

The Guyana government 0n Tuesday sent Permanent Secretary Mae Thomas on leave, hours after the United States Treasury Department’s Office of Foreign Assets Control (OFAC) linked her to several alleged crimes with the Mohameds, regarded as super wealthy Guyanese businessmen. “The Permanent Secretary of the Ministry of Labour, Ms. Mae Thomas has been sent on leave with immediate effect,” the ...

WASHINGTON — Today, the Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned members of one of Guyana’s wealthiest families, Nazar Mohamed (Nazar) and his son, Azruddin Mohamed (Azruddin), their company, Mohamed’s Enterprise, and a Guyanese government official, Mae Thomas (Thomas), for their roles in alleged public corruption in Guyana. Additionally, OFAC designated two other entities, Hadi’s World ...

Aviation industry sources in Guyana were Monday afternoon expressing concern about the impact of the Cheddi Jagan International Airport’s (CJIA) late notification to the Control Tower that the runway lighting system was damaged by severe lightning during a thunderstorm. A local aviator expressed grave concern at the financial impact of the late notification to airlines, questioning who would pay the ...

Less than one day after severe lightning knocked out the runway lights at the Cheddi Jagan International Airport (CJIA) and forced the cancellation of all flights Sunday night and pre-dawn Monday, the airport on Monday afternoon successfully reinstated one circuit of the runway lights, enabling night flight operations, the Public Works Ministry said. The ministry said that update was conveyed ...

The runway lights at the Cheddi Jagan International Airport (CJIA) on Sunday night went out because bad weather earlier in the day damaged Guyana Power and Light (GPL) and airport transformers as well as affected the circuits, forcing the diversion of a number of international flights that were due to land there, the Ministry of Public Works said. An InterCaribbean ...

Guyana has begun cracking down on the smuggling of gold out of the South American nation, Vice President Bharrat Jagdeo told a news conference just days after three persons were arrested allegedly attempting to smuggle 240 ounces of the silver-plated metal to the United States. I just want to forewarn those who have been engaged in this practice that we ...

Brazil’s Minister of Mines and Energy (MME), Alexandre Silveira de Oliveira, told CNN after his participation in CNN Talks, this Monday, June 3, that Brazil should mirror the speed with which Guyana began its exploration in the Equatorial Margin. Mr Silveira was asked about a statement, on the 27th, in which he said that Guyana would be “sucking the riches ...

Attorney General Anil Nandlall has told the Caribbean Financial Action Task Force (CFATF) that Guyana would next week amend its extradition laws to allow for “easy” extradition of persons to and from the United States (US). “Next week we will enact a slew of amendments to our extradition laws which will make it easier for extraditions to take place from ...