Banking and Finance

Turkey’s annual consumer price inflation accelerated to 19.25 percent, extending the highest level since a currency crisis in 2018, according to data published by the Turkish Statistical Institute on Friday. The ...

Statement by the Minister of Finance Mr. Konstantinos Petridis on the declining course of unemployment in Cyprus: “I want to express my satisfaction because according to official EUROSTAT statistics, Cyprus ...

The euro climbed to a one-month high against the dollar of $1.1857 on Wednesday after a survey showed strong European manufacturing growth coupled with inflationary pressure from supply-chain snarls. The euro ...

The public deficit has fallen by 0.2 per cent in the first seven months of the year, with preliminary fiscal results by the Cyprus statistical service showing a General Government deficit ...

Cyprus must progress from lip-service to serious action if Cypriot consumers are ever to see serious reductions in their inexcusably high energy costs. Household electricity prices shot-up by 38 per cent ...

Bank of Cyprus announced on Wednesday delivery of a robust performance in the first half of 2021: Revenue and profit is up, new lending has jumped to €894 million, and 96 per cent ...

Convertible mutual funds play an important role in financial markets having the total number of open-end funds worldwide increase by 40% from 2011 to 2020. Almost half of these funds are located in ...

By Pavlos Loizou, Managing Director, WiRE-FS Demographic and social changes are impacting the international housing market, and of course that of Cyprus. In the US, large companies and high-net-worth individuals ...

First Abu Dhabi Bank (FAB.AD) is expected to sell 250 million pounds ($344.38 million) in five-year bonds, a document showed on Tuesday. FAB, HSBC (HSBA.L), Standard Chartered (STAN.L) and ...

British consumers curbed their borrowing in July in the face of rising COVID-19 cases that forced many more people to self-isolate, and homeowners made a rare net repayment on their ...

The sizzling pace of house price rises in most major world housing markets since the pandemic began has likely peaked, but affordability is set to remain stretched or worsen in ...

FOO, a leading fintech provider in Lebanon, has opened an office in Nicosia. The company plans to expand in Cyprus and around Europe from its base here. by George Eid ...

Turkey’s central bank has changed the criteria identifying short-term external debt, thus reducing the amount on its books by $25 billion, the bank announced in a statement last week. Short-term ...

Gita Gopinath, chief economist of the International Monetary Fund (IMF), has warned that recovering economies will be threatened by a ‘taper tantrum’ — meaning that interest rates rise in the US ...

Cypriots who invest in global stocks will get a bonus this year, if the company they’ve place funds with pays dividends. They may also be rewarded with a shares ...

Have we passed the peak of inflation fear? Investment insights from EFG Bank After one of the worst years for global economic growth in 2020, this year looks set to be ...

When businesses stray into apperception, they tend to fall from the sublime to the ridiculous. Businesses recognise creativity when it happens; that is simple perception. But in recent years, the ...

Most importantly, technology has to be benchmarked against our clients’ needs. We see technology as an enabler and change for the sake of change isn’t always a good thing. ...

Up to now, the Bank has launched a number of innovative products that allow customers, to seamlessly perform payments to merchants or transfers to third parties using their smart devices. ...

Andrew Anastasiou is the founder of NBNX. Tell us what your company’s mission is, and describe in brief the strategy that implements that mission? Our mission at NBNX is ...

Wouldn’t you like to own an original work of art by Jeff Koons? Or a video of Eric Clapton and Rihanna arranging a song together? Suppose you could also ...

Most older Brits grew up with ‘going down the pub’ as a fixed ritual in everyday life. But all of this changed in the past decade, and pubs have been ...

A momentous German election marking the end of Angela Merkel’s 16 years as chancellor is less than a month away and with no clear outcome in sight, markets may start ...

Abu Dhabi conglomerate International Holding Co (IHC.AD) is considering acquisitions worth a few billion dollars in total across several sectors, including a real estate developer in Abu Dhabi, its ...