Lebanese fintech leader plans European expansion from Nicosia
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 ...
Turkish central bank ‘drops’ $25bn in debt
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 ...
US interest rates are soon to rise; threat to recovering economies is real — IMF Chief Economist
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 ...
Cash rewards for shareholder dividends this year will be strong
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 ...
Inflation fears have passed their peak – Economists
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 ...
The Use Case for Creativity
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 ...
EFG Bank integrates innovation into strategy for clients
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. ...
At Bank of Cyprus innovation drives progress
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. ...
NBNX creates blockchain fund for startups
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 ...
The “Listen” Campaign for vulnerable children to launch tokens in September then NFTs in October
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 ...
UK pubs come back as international investors pile in
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 ...
Germany’s election in September could change economic policy
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 plans billion-dollar acquisitions in region
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 ...
Cyprus and the global supply chain troubles
The global supply chain is grinding to a halt, under the pressure of soaring consumer demand for goods and insufficient technology at ports and for shipping. – this offers an opportunity ...
Banks expect stricter lending criteria for households
Banks expect stricter lending criteria for households, unchanged criteria for lending to businesses and an increase in the demand for loans in all categories for the second quarter of 2021, the ...
Taliban name head of central bank; banks, shops, businesses closed in Kabul
The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, ...
Bitcoin price rises past $50,000 then retreats on profit-taking
Bitcoin’s price surged past $50,000 on Monday for the first time since May, but the rebound from a months-long slump later ran out of steam.
The world’s largest cryptocurrency ...
PayPal launches crypto buying and selling in UK
PayPal Holdings Inc (PYPL.O) will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday.
The roll-out, ...
International trade forgets Trump, grows stronger in 2021
Amid economic disruptions from Covid-19, global trade on the whole held up relatively well in 2020 and moved on to greater strength in 2021, according to a report by United Nations Conference ...
Bitcoin rises 5 percent to $49,106 as investors look to the long term
Bitcoin rose 5.01 per cent to $49,106.4 at 22:04 GMT on Friday, adding $2,342.1 to its previous close.
The price of bitcoin on Sunday is $49,239.20 or €42,095.58.
There is an analyst consensus that a move ...
Lebanon to raise fuel prices in bid to ease crippling shortages
Lebanese fuel prices are expected to double after the state decided on Saturday to change the exchange rate used to price petroleum products in a bid to ease crippling shortages ...
Pound set for worst week in months as euro gains
Sterling touched one-month lows against a robust dollar and the euro on Friday, capping the pound’s worst week in months as global risk aversion propelled investors towards currencies considered ...
How the €1bn Cyprus Government Guarantee Scheme works
The Cyprus Government Guarantee Scheme will offer low-interest loans to businesses of all sizes via Cyprus banks.
It will become available with the enactment of the Amending Law “On the ...
Cyprus Business Now
Astrobank is offering free cash withdrawals at more than 330 ATMs nationwide for AstroBank customers, the bank said in a statement on Thursday. AstroBank continues its cooperation with the company Euronet ...