NASSAU, Bahamas, July 24, 2012 (GLOBE NEWSWIRE) — Ultrapetrol (Bahamas) Limited (Nasdaq:ULTR), an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business, and Ocean Business), announced today that it will release its second quarter 2012 financial results on Tuesday, August 14, 2012, after the market closes. Ultrapetrol will also host a related conference call on Wednesday, August 15, 2012, at 10:00 a.m. Eastern Time, accessible via telephone and Internet with an accompanying slide presentation.

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The US housing market and Air Canada’s decreased passenger traffic top the business news this week from ZNS news broadcast channel. Watch the report here.

Minister of Transport and Aviation Glenys Hanna-Martin greets United States Embassy Chargé d’Affaires John Dinkelman, during a courtesy call at the Ministry August 2, 2012. (BIS Photo/Eric Rose)

Greg Rolle, chief aviation specialist at the Ministry of Tourism, has been named chairman of the International Federal Partnership. Watch an interview with Rolle here.

Deputy permanent secretary at the Ministry of Tourism Charles Albury addressed attendees at the Oshkosh AirShow in Wisconsin last week. Watch his address here.

Preliminary indications are that the domestic economy maintained a mild growth momentum during the review month, supported by gains in tourism sector output, alongside ongoing public sector and foreign investment-led construction activity. Inflation remained modestly above the prior year’s level, although the recent declines in global oil prices softened domestic fuel costs in June. In the fiscal sector, the overall deficit deteriorated over the ten months to April, as higher expenditures outpaced an increase in revenues. Monetary developments featured a modest expansion in bank liquidity, which remained at record levels, and a slight uptick in external reserves.

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Standard & Poor’s Ratings Services (S&P) has raised its short-term foreign currency sovereign credit rating on The Commonwealth of The Bahamas to A-2 from A-3.

At the same time, it affirmed its BBB long-term issuer ratings on The Bahamas and noted that the outlook remains stable–reflecting a projected gradual tightening of the government’s fiscal stance over the next several years as growth turns positive, as well as generally stable external financing.

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The Bahamas International Film Festival (BIFF) non-profit organization will host the biannual fundraiser Big Screen Art Scene September 1 to raise money for the annual movie event to be held in December.

This spectacular event will be held on board the 135 ft Carrousel Yacht and offers art lovers and investors an opportunity to mix and mingle with a wide variety of local artists.

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Participants experienced the latest Executive Mobility solutions offered jointly by Citrix and Cloud Carib, over cocktails and Hors D’ouvres

Nassau, Bahamas (PRWEB) August 02, 2012 – Cloud Carib, a Citrix certified Solution Advisor in The Bahamas, hosted a cocktail event on Thursday 26/7 at Luciano's restaurant of Nassau. The purpose was to demonstrate the latest executive mobility solutions offered jointly by Cloud Carib and Citrix Systems, as they were recently revealed at the San Francisco Synergy 2012 event in front of a record-breaking audience of 6500 attendees.

In an attempt to avoid the summer heat, the event was held in the much cooler evening, over cocktails and Hors D’ouvres. More than 45 Bahamian IT professionals participated in the event, asking questions and engaging with the presenters. Ryan Austin, Citrix Business Manager with Cloud Carib, demonstrated the Virtual Computing Environment, which allows executives to roam seamlessly between devices when accessing their organizations' applications.

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Arianna Vanderpool-Wallace has become the first Bahamian swimmer to reach the semi-finals in an Olympic event, beating the national record time in the process. Watch a ZNS news report here.