Institutional Investor Launches 2023 Developed Europe and 2023 Emerging EMEA Research Rankings

BofA Securities and BNP Paribas Exane share first place as top research provider in the Developed Europe survey

BofA Securities, HSBC and J.P. Morgan share top spot in Emerging EMEA

LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) —  Institutional Investor Research (II Research) surveys are the leading provider of market sentiment in the financial industry. Research budgets remain flat and asset managers are using fewer analysts, but demand for bespoke opinion means that close client relationships and “trusted source” status becomes more important than ever before. With MiFID regulations potentially being rolled back across Europe and UK, the focus on the provision of quality research advisory services may result in a more competitive environment and we may see an increase in research teams across the industry.

There were no changes to the industry and country sector categories this year. The 2023 Developed Europe Research results reflects the opinions of 5,462 portfolio managers and analysts (up from 4,692 in 2022) from 1,813 institutions (up from 1,696 in 2022). The total number of votes has also increased from last year, by 11%. Over 180 firms have submitted centralised or coordinated votes, underscoring the robust nature of the results as an accurate reflection of market sentiment.

Results Highlights

Developed Europe Research

The Leaders’ Board remains intensely competitive, with seven companies competing for the honour of being rated best research house. BofA Securities and BNP Paribas Exane were ranked in first place, both with 38 published positions. J.P. Morgan once again follows in third place taking 31 positions with UBS achieving fourth place with 30 ranked teams. Barclays built on the momentum they gathered in 2022, gaining three published positions and rising to 5th overall; Morgan Stanley places sixth. The largest gain on the Leader’s Board came from Jefferies in seventh, which gained 10 positions from 2022. Citi, Bernstein and Kepler Cheuvreux take the final three places in the Developed Europe Top 10, displacing Credit Suisse that shared joint 11th place with Societe Generale.

BNP Paribas Exane once again claims first place in the analyst-ranked tables with 44 positions, followed by BofA Securities (41), J.P. Morgan (35 positions) and Barclays (31), which climbed two places.

Emerging EMEA Research

HSBC and J.P. Morgan were joined by BofA Securities as joint first place in the Emerging EMEA Leaders’ Table all with 17 published positions. Morgan Stanley took fourth place with 8 positions. Citi and UBS shared fifth.

In the commission-weighted analyst tables, the top three positions were unchanged; HSBC came first with 33 published positions, followed by J.P. Morgan with 22 positions and BofA Securities with 18. Morgan Stanley pushed up seven places to 15 to take fourth and UBS came fifth place with 13 positions to complete the leading winners. Vote participation up 14% this year with 934 voters from 286 companies.

David Enticknap, Head of II Research said “With MiFID regulations potentially being rolled back across Europe and UK, the focus on the provision of quality research advisory services may result in a more competitive environment, and we may see an increase in research teams across the industry. The Institutional Investor rankings represent the gold standard in assessment of quality in equity research, recognised globally for the integrity of the process and depth of coverage.”

The results can be found here: https://www.institutionalinvestor.com/research

For more information, or a demo on how to interrogate the data, contact Augusta McKie, Sales Director Research (EMEA), augusta.mckie@iiresearch.com

To share your position on your website content, advertisements, communications and marketing collateral, please contact marketing@iiresearch.com.

Media contact

David Bowen, Director of Marketing, Institutional Investor Research david.bowen@iiresearch.com

About Institutional Investor Research

For over 50 years, Institutional Investor has been conducting independent research surveys with global investment professionals who evaluate and determine the best performing sell side service providers, asset managers and CEOs, CFOs, IROs and IR Programs across Europe, Emerging EMEA, Asia Pacific, North America and Latin America. The research data independently captures evaluations of companies, investment professionals and executives from investment managers, banks, research providers and corporate issuers, to deliver detailed peer-to-peer comparative analyses every year; the feedback helps inform strategic decision making and improve resource and process management.

Follow Institutional Investor Research here https://www.linkedin.com/showcase/11222447

GlobeNewswire Distribution ID 8920402

Institutional Investor Launches 2023 Developed Europe & Emerging EMEA Executive Team Rankings

36 companies (Core, Large Cap & Small-Mid Cap) came first in at least five voting areas in their sectors in Developed Europe and 16 companies for Emerging EMEA

LONDON, Sept. 12, 2023 (GLOBE NEWSWIRE) — Institutional Investor Research (II Research) surveys are the leading provider of independent performance validation and market sentiment across 8 global capital markets. Executive Team surveys are an independent platform for investment and sell-side professionals to evaluate credibility, communication, financial stewardship and capital allocation of corporate leadership, the quality of IR across multiple activities and the effectiveness of the Board of Directors. The results from the survey, an in-depth capability and benchmark analysis, capture the feeling and trust levels of stakeholders in their equity assets.

This year saw 2,733 CEOs, CFOs, and IROs from 1,266 nominated companies receiving votes in the survey. Combined voters saw 1,872 voters from 851 voting companies. The number of votes increased by over 20% since 2022 for the Developed Europe survey and 46% for the Emerging EMEA survey.

2023 Emerging EMEA Executive Team — Core results

281 companies and 503 individuals were nominated across 11 sectors.

Eight companies clinched a clean sweep first place in the combined rankings in five voting areas for Best CEO, Best CFO, Best Investor Relations Professional, Best IR Company, Best Analyst/Investor Event, Best ESG Metrics, and Best Company Board in their respective sectors:

Al Rajhi Bank (Saudi Arabia, Financials), Coca-Cola Icecek (Turkey, Consumer), Haci Omer Sabanci Holding (Turkey, Industrials), Hellenic Telecommunications Organization (Greece, Technology, Media & Telecommunications), Lamda Development (Greece, Construction & Real Estate), MLP Saglik Hizmetleri (Turkey, Health Care & Pharmaceuticals), Mytilineos Holdings (Greece, Metals & Mining) and Petkim Petrokimya Holding (Turkey, Chemicals).

2023 Emerging EMEA Executive Team — Large Cap results

95 companies and 197 individuals were nominated across 11 sectors.

Six companies clinched a clean sweep first place in the combined rankings five of the seven aforementioned voting areas:

Al Rajhi Bank (Saudi Arabia, Financials), Emaar Properties (United Arab Emirates, Construction & Real Estate), Hellenic Telecommunications Organization (Greece, Technology, Media & Telecommunications), Koc Holding (Turkey, Industrials), Opap (Greece, Consumer) and Turk Hava Yollari (Turkey, Transportation).

2023 Emerging EMEA Executive Team — Small & Midcap results

186 companies and 306 individuals were nominated across 11 sectors.

Ten companies obtained a clean sweep first place in the combined rankings in five of the seven aforementioned voting areas:

Aegean Airlines (Greece, Transportation), Coca-Cola Icecek (Turkey, Consumer), Haci Omer Sabanci Holding (Turkey, Industrials), Lamda Development (Greece, Construction & Real Estate), MLP Saglik Hizmetleri (Turkey, Health Care & Pharmaceuticals), Motor Oil (Hellas) Corinth Refineries (Greece, Oil & Gas), Mytilineos Holdings (Greece, Metals & Mining), Petkim Petrokimya Holding (Turkey, Chemicals), Piraeus Financial Holdings (Greece, Financials) and Turk Telekomunikasyon (Turkey, Technology Media & Telecommunications).

Amani Korayeim, Director for Europe and Emerging EMEA, says “The Institutional Investor rankings are recognised as an industry benchmark by its stakeholders and determine compensation packages and KPIs for IR teams that are empowered and valued by their leadership teams. Investor Relations is critical in shareholder value creation. In fact, good IR, often recognised through the Institutional Investor’s rankings, can deliver a competitive advantage, and help companies trade at a premium. Conversely, poor IR can lead to the company being traded at a discount, create greater volatility and higher cost of capital. The highest ranked companies in our surveys tend to measure and monitor the effectiveness of their IR activities very closely. These are the teams that take a strategic and deliberate approach to their market engagement, use underlying research data and perception intelligence to continually optimise their IR interaction to close the gap between their competition and lock in prospect targets through a more personalised and targeted outreach. Congratulations to all the top ranked companies this year, we are particularly excited about the new names and regions that are represented in what the market defines as Best in Class IR.”

For the full list of published winners, please visit www.institutionalinvestor.com/research.

Awards & Licences

Institutional Investor owns the copyright to all survey and awards logos. To acquire access to the Institutional Investor award or survey logo for use in client pitch books, annual reports, websites, email signatures, local advertising, social media etc., please contact marketing@iiresearch.com

Ranking Analysis & Perception Intelligence

To request further information on how you can access the underlying survey research to identify strength and opportunities in IR through a multi-dimensional comparative peer analysis, please contact amani.korayeim@iiresearch.com

Media contact

David Bowen, Director of Marketing, Institutional Investor Research david.bowen@iiresearch.com

About Institutional Investor Research

For over 50 years, Institutional Investor has been conducting independent research surveys with global investment professionals who evaluate and determine the best performing sell side service providers, asset managers and CEOs, CFOs, IROs and IR Programs across Europe, Emerging EMEA, Asia Pacific, North America and Latin America. The research data independently captures evaluations of companies, investment professionals and executives from investment managers, banks, research providers and corporate issuers, to deliver detailed peer-to-peer comparative analyses every year; the feedback helps inform strategic decision making and improve resource and process management.

Follow Institutional Investor Research here https://www.linkedin.com/showcase/11222447

GlobeNewswire Distribution ID 8920411

Duck Creek Technologies Nomeia Nova Diretora de Finanças

Teresa M. Kim, executiva experiente em finanças de tecnologia irá supervisionar as funções financeiras e contábeis

BOSTON, Sept. 11, 2023 (GLOBE NEWSWIRE) — A Duck Creek Technologies, fornecedora de soluções inteligentes que definem o futuro do seguro de propriedade e acidentes (P&C) e geral, tem o prazer de anunciar a nomeação de Teresa M. Kim como Diretora de Finanças. Kim é líder financeira sênior talentosa com sólida experiência e histórico em computação em nuvem, plataformas de tecnologia e auditoria e consultoria “Big Four”. Ela ingressou na Duck Creek após uma carreira de 20 anos na Akamai Technologies (Akamai), empresa mundial de rede de distribuição de conteúdo e serviços em nuvem, onde recentemente foi vice-presidente (VP) de finanças do grupo de tecnologia em nuvem, supervisionando uma receita de mais de US $ 2 bilhões, ajudando a empresa a criar uma plataforma de escala de categoria internacional. Na Akamai ela também foi vice-presidente de finanças da divisão de mídia e operadoras, ajudando a liderar negociações estratégicas de contratos de clientes de mídia. Ela também ocupou o cargo de controladora assistente, supervisionando a contabilidade e operações globais, liderando uma grande equipe de 120 profissionais, criando centros financeiros de excelência na Índia e na Polônia.

Antes da Akamai, Kim atuou como auditora sênior da Ernst &Young (EY), apoiando clientes no setor de tecnologia, comunicações e entretenimento da EY. Ela iniciou sua carreira em funções de consultoria financeira na KPMG e na Economic Analysis Corporation antes de passar para a contabilidade pública.

“Teresa é uma líder dinâmica e ponderada, com forte perspicácia financeira, foco no cliente e experiência em operações de tecnologia de nuvem e plataforma. Com a Duck Creek dando continuidade à sua concentração no crescimento internacional e na maturidade SaaS, ela será uma tremenda adição para ajudar a direcionar nossa própria transformação estratégica e otimizar nossas operações financeiras”, disse Mike Jackowski, CEO da Duck Creek. “Este é um momento empolgante para todos nós da Duck Creek e estou confiante de que seu talento nos ajudará a continuar criando valor para nossos clientes, parceiros e partes interessadas.”

Kim acrescentou: “Estou muito feliz em me juntar à Duck Creek, pois ela fortalece sua posição de liderança no setor global de seguros. Me sinto honrada em ter a oportunidade de trabalhar em estreita colaboração com Mike e toda a equipe da Duck Creek durante um período de crescimento acelerado.”

Kim fez BA com foco em economia e especialização em estudos asiático-americanos na UCLA. Ela fez MBA e mestrado em contabilidade na Northeastern University. Kim está baseada na região metropolitana de Boston.

Sobre a Duck Creek Technologies

A Duck Creek Technologies é fornecedora de soluções inteligentes que definem o futuro do setor de seguros de propriedade e acidentes (P&C) e geral. Somos a plataforma utilizadas como base dos sistemas de seguros modernos, permitindo que a indústria capitalize o poder da nuvem para executar operações ágeis, inteligentes e perenes. Autenticidade, propósito e transparência são fundamentais para a Duck Creek, e acreditamos que o seguro deve estar disponível para indivíduos e empresas quando, onde e como eles mais precisarem. Nossas soluções líderes do mercado estão disponíveis de forma independente ou como um pacote completo disponíveis em Duck Creek OnDemand. Visite www.duckcreek.com para obter mais informação. Siga a Duck Creek nos nossos canais sociais para obter as mais recentes informações – LinkedIn e Twitter.

Contato

Drake Manning
Duck Creek Technologies
drake.manning@duckcreek.com

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GlobeNewswire Distribution ID 8920167

Duck Creek Technologies annonce la nomination d’une nouvelle directrice financière

La société désigne Teresa M. Kim, cadre financière expérimentée en technologie, pour superviser les fonctions de finance et comptabilité

BOSTON, 11 sept. 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, le fournisseur de solutions intelligentes qui définit l’avenir du secteur de l’assurance générale et IARD, annonce la nomination de Teresa M. Kim au poste de directrice financière. Mme Kim est une cheffe de file majeure et accomplie dans le domaine des finances, possédant un historique et des antécédents solides en cloud-computing, en plateformes technologiques et en comptabilité publique des « Big Four ». Elle rejoint Duck Creek après 20 années passées chez Akamai Technologies (Akamai), une société de services cloud et un réseau de diffusion de contenu dans le monde entier, où elle était le plus récemment vice-présidente des finances dans son groupe de technologie cloud, supervisant plus de 2 milliards de dollars de recettes tout en aidant l’entreprise à bâtir une plateforme de classe mondiale évolutive. Lorsqu’elle travaillait chez Akamai, elle était aussi vice-présidente des finances dans sa division médias et supports, aidant à mener des négociations de contrats clients stratégiques dans le domaine des médias. Elle occupait auparavant une fonction de contrôleuse adjointe, supervisant la comptabilité et les opérations mondiales à la tête d’une grande équipe de 120 professionnels et bâtissant des centres financiers d’excellence en Inde et en Pologne.

Avant d’arriver chez Akamai, Kim a occupé la fonction d’auditrice supérieure pour Ernst & Young (EY), soutenant les clients d’EY dans le secteur de la technologie, des communications et du divertissement. Elle a débuté sa carrière à des postes de conseil financier chez KPMG et Economic Analysis Corporation avant de passer à la comptabilité publique.

« Teresa est une cheffe de file dynamique et réfléchie associant un puissant savoir-faire financier, une focalisation client importante et une grande expérience dans les opérations technologiques de plateforme et cloud. Alors que Duck Creek continue de se concentrer sur la croissance internationale et la maturité du SaaS, elle sera un atout prodigieux pour aider à diriger notre propre transformation stratégique et optimiser nos opérations financières », a déclaré Mike Jackowski, PDG de Duck Creek. « Il s’agit d’un moment palpitant pour nous tous, chez Duck Creek, et je suis persuadé que son talent nous aidera à continuer à créer de la valeur pour nos clients, nos partenaires et nos parties prenantes. »

Mme Kim a ajouté : « Je me réjouis de rejoindre Duck Creek alors que cette entreprise renforce sa position de leader dans le secteur mondial de l’assurance. Je suis honorée d’avoir l’opportunité de travailler en étroite collaboration avec Mike et toute l’équipe de Duck Creek au cours d’une période de croissance accélérée. »

Mme Kim a acquis sa licence en économie avec option études asio-américaines à l’UCLA. Elle a obtenu son MBA et un master de comptabilité à la Northeastern University. Mme Kim est basée dans le Grand Boston.

À propos de Duck Creek Technologies

Duck Creek Technologies est le fournisseur de solutions intelligentes qui définit l’avenir du secteur de l’assurance générale et IARD. Nous sommes la plateforme sur laquelle les systèmes d’assurance modernes se construisent, permettant au secteur de tirer parti de la puissance du cloud pour mener des opérations agiles, intelligentes et pérennes. Authenticité, mission et transparence sont les mots clés de la philosophie de Duck Creek et, selon nous, l’assurance devrait être au service des individus et des entreprises quand, où et comme ils en ont le plus besoin. Nos solutions faisant figure de leaders du marché sont disponibles séparément ou sous la forme d’une suite complète, et toutes sont disponibles via Duck Creek OnDemand. Pour en savoir plus, rendez-vous sur www.duckcreek.com. Suivez Duck Creek sur ses réseaux sociaux pour connaître les toutes dernières informations – LinkedIn et Twitter.

Contact

Drake Manning
Duck Creek Technologies
drake.manning@duckcreek.com

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GlobeNewswire Distribution ID 8920167

Duck Creek Technologies Announces New Chief Financial Officer

Company appoints Teresa M. Kim, experienced technology finance executive, to oversee finance and accounting functions

Duck Creek Technologies Announces New Chief Financial Officer

Teresa Kim, Duck Creek Technologies CFO

BOSTON, Sept. 11, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announces the appointment of Teresa M. Kim as chief financial officer (CFO). Kim is an accomplished senior finance leader with a strong background and history in cloud computing, technology platforms, and “Big Four” public accounting. She joins Duck Creek following a 20-year tenure with Akamai Technologies (Akamai), a worldwide content delivery network and cloud service company, where she most recently served as vice president (VP) of finance in their cloud technology group overseeing $2 billion-plus in revenues while helping the business to build a scaling world-class platform. While at Akamai, she also was VP of finance in their media and carrier division helping to lead strategic media customer contract negotiations. Previously, she held a role as assistant controller overseeing global accounting and operations leading a large team of 120 professionals and building out finance centers of excellence in India and Poland.

Prior to Akamai, Kim served as a senior auditor with Ernst &Young (EY), supporting clients in EY’s technology, communications, and entertainment sector. She began her career in financial consulting roles with KPMG and Economic Analysis Corporation before moving into public accounting.

“Teresa is a dynamic and thoughtful leader with strong financial acumen, client focus, and experience across cloud and platform technology operations. As Duck Creek continues to focus on international growth and SaaS maturity, she will be a tremendous asset in helping to direct our own strategic transformation and optimize our financial operations,” said Mike Jackowski, CEO of Duck Creek. “This is an exciting time for all of us at Duck Creek and I am confident her talent will help us to continue creating value for our customers, partners, and stakeholders.”

Kim adds, “I’m excited to join Duck Creek as it strengthens its leadership position in the global insurance industry. I’m honored to have the opportunity to work closely with Mike and the entire Duck Creek team during a period of accelerated growth.”

Kim earned her Bachelor of Arts degree with a focus in economics and minor in Asian American studies from UCLA. She earned her MBA and a master’s degree in accounting from Northeastern University. Kim is based in the greater Boston area.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Contact

Drake Manning
Duck Creek Technologies
drake.manning@duckcreek.com

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GlobeNewswire Distribution ID 8919541

30 things you did not know about Dominica

Roseau, Sept. 08, 2023 (GLOBE NEWSWIRE) — The Commonwealth of Dominica is a small island located in the Caribbean between Martinique and Guadeloupe. Tourists marvel at the crystal blue ocean views and tropical humid climate, there is an abundance of discovery on the Nature Isle of the Caribbean.

Explore 30 interesting facts about the magical island of Dominica!

Cultural history 

1. Dominica was named by Christopher Columbus 

Prior to Christopher Columbus’ arrival on the island, the Caribbean settlers named it Watikbuli, meaning ‘Tall is her Body’. In 1493, Christopher arrived on the island and named it Domingo, which means Sunday, the day which he discovered the island.

2. Dominica has an interesting motto 

The motto is French, ‘Après le Bon Dieu, c’est la Terre’, translated to English as ‘After God, the Earth’, Dominica eloquently displays its natural beauty.

3. Dominica is a republic in the Commonwealth 

The Nature Isle gained its independence on 3 November 1978 and celebrates this day annually with vibrant national festivities. These include cultural markets, music festivals, and beauty pageants.

4. The National Anthem is titled ‘Isle of Beauty, Isle of Splendour’ 

Dominica’s national anthem was written by Wilfred Oscar Morgan, with the music composed by Lemuel McPherson Christian OBE, after receiving statehood in 1967.

5. Government system 

As a parliamentary democratic republic nation, The Executive branch of government has a President and Prime Minister, whereby nominees are elected in consultation with the opposition leader. The two-party system, with the ruling Dominica Labour Party and the opposition party, the United Worker’s Party.

All Dominican adult citizens may cast their ballots every five years during the government elections.

6. Dominica’s President, His Excellency, the Honourable Charles Savarin 

Elected as Dominica’s eighth president in October 2013, Honourable Charles Savarin is a member of the Dominica Labour Party. He received his nomination from Prime Minister, Honourable Roosevelt Skerrit, who has been the head of government since August 2004. Previously, His Excellency, Honourable Savarin was a teacher, trade unionist, parliamentarian, diplomat, and government minister.

7. English Common Law system 

Dominica’s constitution includes the right to life, personal liberty, and freedom of expression, which follows one-third of the world’s English Common Law. The hierarchy of Dominica’s court starts from the Magistrate Court, High Court, Court of Appeal, and lastly The Court of Appeal the Privy Council.

8. Dominica’s small population of 72,412 

The population of Dominica is currently sitting at 72,414, making it the 11th least-populated nation in the world.

9. The Dominican flag is one of only two national flags with the colour purple 

Out of all the nations in the world, Dominica’s national flag is one of only two national flags to incorporate the colour purple. The other is the Nicaraguan national flag. The Dominican national flag features a Sisserou Parrot that has purple feathers on the underside and the crown.

Geographical landscape 

10. The island is also known as the Nature Isle of the Caribbean 

Dominica’s spectacular natural beauty is oftentimes affectionately known as “The Nature Isle of the Caribbean.” The vast amount of the island is covered in lush forests. Year-round visitors can experience wondrous waterfalls and mud ponds. Indigenous rainforest animals and insects such as parrots, iguanas and rare butterflies make up some of the phenomenal fauna.

11. The national flowers for Dominica 

The Sabinea carinalis, warmly known as the ‘Bwa Kwaib’ or the Carib Wood. Is the indigenous wild xerophytic plant. In bloom, it exhibits bright scarlet flowers from its branches. It is said to represent the longevity of the Dominican youth.

12. The National Bird of Dominica is the Sisserou Parrot 

The national bird of Dominica the Sisserou (Amazona Imperialis), “The Pride of Dominica” is found on the country’s emblems such as the Coat of Arms, the National Flag, the Public Seal, The Mace of the House of Assembly and Dominica’s Honours for Meritorious Service. The imperial parrot is endemic to Dominica’s dense mountainous rainforests. This shy and yet attractive indigenous bird has resided on the island for numerous thousands of years and can live over 70 years of age. The bird is an endangered species and is under preservation.

13. Dominica is the only country in the world where sperm whales reside year-round!  

Sperm whales have called Dominica’s waters their home, and it is extremely likely to spot them swimming in pods, as whales and dolphins live close to shore throughout the year.

14. The Island is home to the Giant Ditch Frog known as the “mountain chicken” 

Dominicans refer to the frog as the “mountain chicken” due to its legs imitating drumsticks. The frog used to be a delicacy as a national dish and is now under conservation to preserve the species.

15. Home to the Caribbean’s first long-distance hiking trail 

The Waitukubuli National Trail (WNT) is the first long-distance hiking trail in the Caribbean. It is estimated to be 183 km long and is split into 14 sections. The trail was built between 2007 and 2012, the route crosses through Dominica and traverses some of the country’s most spectacular terrain. It will take a minimum of two weeks to complete the hiking trail.

16. Dominica is home to a UNESCO World Heritage Site 

The Morne Trois Pitons National Park is the exclusive Heritage Site in Dominica and was designated a UNESCO World Heritage Site in 1997. This national park is situated in the southern half of the island and contains many of Dominica’s most spectacular attractions including the Titou Gorge, Boeri, Freshwater Lakes, the Boiling Lake, and the Middleham Falls. The Morne Trois Pitons National Park covers roughly 9 per cent of Dominica’s land area.

17. Dominica has practised herbal medicine for centuries 

The original inhabitants of the island, the Caribs, and later Africans, brought with them thorough knowledge of plants and herbs. This knowledge has been passed down through generations and many herbs like Moringa, Basil and Dandelion are still used today for medicinal purposes, usually referred to as “bush medicine.”

Economic features of Dominica 

18. Dominica’s main industries 

The country’s main industries are agriculture, tourism and manufacturing. Over 20 per cent of the island’s land is arable and under cultivation, with bananas traditionally serving as Dominica’s largest export. Although Dominica has recently increased the production of other fruits, as well as vegetables and coffee beans.

Dominica’s tourism sector continues to steadily grow, with the alluring nature attracting an estimated 200,000 holidaymakers annually. The island’s manufacturing industry primarily depends on raw materials from the agricultural sector, where in-demand exports include coconut soap, ceramics and shoes.

19. Dominica’s official currency is the East Caribbean Dollar (XCD) 

Dominica introduced the Eastern Caribbean Dollar (ECD) currency in 1965, which is used in another seven countries in the Organisation of Eastern Caribbean States (OECS).

Foreign currencies including the euro and dollar are also accepted as tender. It is also pegged to the US dollar at a rate of US$1 to ECD (East Caribbean Dollar) $2.70. As Dominica is a member of the Commonwealth, all banknotes and coins feature an image of King Charles III.

20. The Gross Domestic Product (GDP) Dominica  

The World Bank recorded the island’s GDP had an outstanding US$612,048,148 in financial year 2022.

21. Investors can acquire Citizenship of Dominica by Investment 

Investors in Dominica tend to seek citizenship through investment opportunities around the country. When visitors officially become Dominican citizens, they can develop businesses, work, relocate and extend their citizenship to their family members.

Dominica’s CBI Programme received first in the Citizenship by Investment (CBI) initiative for six consecutive years by the CBI Index.

22. English is Dominica’s official language 

English is universally spoken in Dominica and UK English spelling is used. Dominican Creole (an Antillean Creole derived from French), and French Patois are spoken amongst the locals. This is because of the long history of French migration to the island as well as Dominica’s location between two French-speaking countries; Martinique and Guadeloupe.

23. Christian religious practices 

Christianity is the most common religion in Dominica, practised by over 90 per cent of the population. However, religious freedom is enshrined in the Constitution of Dominica so inhabitants can follow alternative faiths if they so choose, such as Rastafarianism.

24. Cricket is the most popular sport in Dominica 

Many Dominican cricketers play for the West Indies cricket team internationally. Shane Shillingford and Adam Sanford are two of the most notable cricketers from Dominica.

25. The capital city of Dominica is Roseau 

The largest city in Dominica it is located on the Southwest coast of the country and is surrounded by the Caribbean Sea, the Morne Bruce Hill and the Roseau River. Filled with lively markets, 18th-century French architecture and famous landmarks like the Roseau Cathedral and the Morne Bruce Cross.

26. The Main Airport is Douglas-Charles Airport 

Formerly known as Melville Hall Airport, Douglas–Charles Airport is Dominica’s largest of the country’s two airports. Douglas–Charles Airport operates both passenger and cargo planes to other destinations in the Eastern Caribbean region.

27. Dominica is on a quest to be the world’s first climate-resilient nation 

The Government of Dominica has called on investors around the world to assist in the development of sustainable and robust industries and infrastructure. This is an exclusive opportunity to implement the latest technologies and developmental approaches. Dominica aims to be at the forefront of tackling climate change challenges.

28. Unique rivers for each day of the year

Apart from breathtaking beaches and volcanoes, Dominica has over 365 rivers! While some are cool and clear, others are cloudy and fast. All the rivers are surrounded by exotic plants and flowers. The Indian River is the widest on the island, and many visitors choose this river to explore the rivers for the first time.

29. There are nine active volcanoes in Dominica  

Dominica has the highest concentration of volcanoes in the world, with approximately nine active volcanoes. Eruptions are very rare, and the last volcanic eruption was in 1997 and the one before that was in 1880.

The highest mountain and volcano are Morne Diablotins, and it is a magical sight. Adventurists can take a six-hour hike to reach the top where neighbouring islands, Martinique and Guadeloupe can be seen from the top.

30. Many of Dominica’s beaches are covered in black sand 

The volcanoes in Dominica influence the colour of beautiful black-sand beaches. Some of the most famous black sand beaches in Dominica include the Number One Beach, Mero Beach, and Rosalie Bay Beach.

Secretary of Dominica Citizenship by Investment Programme
Commonwealth of Dominica
001 (767) 266 3919
info@cbiu.gov.dm

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