Morning Call: The best from Gibraltar

A selection of the best articles about politics, business and life on the Rock from the last seven days

New Statesman
Gibraltar

1) Commons committee in Gibraltar evidence session (Gibraltar Chronicle)

The House of Commons Foreign Affairs Committee will arrive in Gibraltar today ahead of a public evidence session with the Chief Minister tomorrow morning. Eleven MPs from the Committee flew into Málaga yesterday to visit the busy consular service establishment there before crossing the border later today to hear evidence from Fabian Picardo.

 

2) Hague raised incursions with De Benito (Gibraltar Chronicle)
The UK Foreign Secretary, William Hague, personally raised Britain’s concerns about persistent “illegal” Spanish incursions into British Gibraltar territorial waters, it was revealed yesterday.


3) Britain's gambling clampdown could cripple Gibraltar's economy (Politics.co.uk)
For more than three centuries Gibraltar has been a British territory, yet government proposals - reaching report stage on March 4th in parliament - could deal the Gibraltar economy and British consumers a hammer blow by the end of this year.


4) Realistic Games awarded Gibraltar gaming licence (Gaming Intelligence)
UK-based slots and table games developer Realistic Games has become the latest company to be awarded an online gaming licence by the Gibraltar Gambling Commission.


5) Gibraltar Offers New Pension Schemes To UK Expats (Tax-News.com)
Gibraltar is to introduce Qualified Non-UK Pension Schemes (QNUPS), which will enable British expats to make additional contributions to pension schemes that will be administered by Gibraltar-regulated trustees.

 

6) No immediate plans for change at Natwest Gibraltar (Gibraltar Chronicle)

The head of NatWest in Gibraltar said the bank remained committed to the Rock despite news that its parent, the Royal Bank of Scotland Group, is to slash its overseas operations following staggering losses.

 

7) International news: Gibraltar confirm new stadium plans (Sky)

Gibraltar have unveiled plans for their new national stadium, which they hope could open in 2016. The British Overseas Territory is currently served by the Victoria Stadium - which does not meet criteria to host full internationals, although some friendlies can and will be played there.

 

8) Gibraltar Business Capital Provides $3.5MM ABL to Bills Khakis (Abla Advisor)
Gibraltar Business Capital announced that it has closed on a $3.5 million asset-based loan to Bills Khakis, the leading designer and manufacturer of premium men’s sportswear and accessories, based in Reading, PA. The company intends to use this new credit facility to support working capital needs, as well as to fund strategic growth initiatives.

 

9) Gibraltar’s ILS ambitions should ‘keep us on our game’ (Royal Gazette)
A bid by Gibraltar to muscle in on the lucrative insurance-linked securities (ILS) market should “keep us on our game”. And Greg Wojciechowski, an ILS Bermuda committee member, said: “I don’t know that it’s competition — but it should keep us on our game to provide the best customer service and best value.

 

10) Trusselle not ‘fit and proper’ to operate in Gibraltar (Insurance Insider)

Gibraltar's Financial Services Commission (FSC) has banned James Trusselle, the former managing director of now-defunct Gibraltarian insurer Lemma Europe Insurance Company Ltd, from operating in a senior financial services role on the Rock.