Banking and Finance

But market participants say it illustrates a confidence among investors that the top end of office real estate will withstand the coronavirus shock – even as questions hang over the viability ...

CEOs are more optimistic about the outlook for their businesses. Some 36 per cent of those polled said they are “very confident” about their organisation’s prospects for revenue growth over ...

“In Cyprus, there has been a lot of interest and progress in digital marketing in recent years, particularly during the last 12 months of the pandemic,” comments Julia Papageorgiou, managing director ...

Corporate tax hikes are coming, expected to reverse decades-long decline. Few governments struggling to vaccinate populations and reopen economies are likely to raid companies just yet. Many are still offering ...

Turkey’s President Recep Tayyip Erdrogan on Friday announced a series of ‘economic reforms,’ but these do little to address the issues needed to restore growth and curtail inflation. Erdogan’...

ECB President Christine Lagarde has forecast a strong recovery in 2021. Speaking at the press conference following the ECB policy meeting on Thursday, Lagarde said: “The ongoing vaccination campaigns, together with ...

The government has decided to move ahead with the privatisation of the stock exchange, and to seek a partner exchange for it abroad, Cyprus Stock Exchange Chairman Marinos Christodoulides said ...

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00 per cent, 0.25 per cent ...

The Cyprus economy has slowed as businesses and consumers await the full rollout of vaccines which should mean an end to restrictions that are limiting economic activity, according to a ...

Turkish President Tayyip Erdogan again on Wednesday defended former finance minister Berat Albayrak’s policies, despite the fact that Albayrak’s policies brought the country perilously near to a currency ...

Murex, one of the most important financial software producers in Europe, will soon open offices in Cyprus, according to tech industry sources. The company is planning a move to Nicosia. ...

The European Commission has reached an agreement with BioNTech-Pfizer for the supply of four million more doses of COVID-19 vaccines for Member States in the next two weeks in order ...

Germany hopes that improved relations with the United States under US President Joe Biden will open the door for possible joint sanctions against China and Russia over human rights and ...

On Tuesday, EU Brexit chief Maros Sefcovic announced plans to take legal action against the UK over Northern Ireland measures, the Financial Times reported on Wednesday. The action is expected ...

For the first time, Cyprus employers must rebrand themselves to attract top talent, notes Katerina Andreou, founder of hrinnovate.org. As the chart shows, there is a fraught global shortage ...

Lex Greensill’s mission to “make finance fairer” has taken him from the sugar cane fields of Bundaberg in Australia to the gold embossed halls of Buckingham Palace. On Monday, ...

“Businesses in Cyprus support each other. It’s a real community,” comments Despina Panayiotou Theodosiou, CEO at Tototheo Maritime & President at WISTA International in an interview with the Cyprus ...

Borsa İstanbul General Manager Mehmet Hakan Atilla announced his official resignation on Monday. He had previously stated that he was taking a six-month leave from his post. Former Halkbank Deputy ...

The dollar held near a one-month high against the British pound, which traded at $1.3819, and a three-month high against the euro, which stood at $1.1904. The dollar hovered near three-month highs ...

Brent crude futures surged above $70 a barrel on Monday for the first time since the COVID-19 pandemic began, while U.S. crude touched its highest in more than two years, ...

S&P Global, late on Friday, affirmed its rating for Cyprus at ‘BBB-/A-3’ for long- and short-term foreign and local currency sovereign credit ratings for Cyprus. The outlook ...

Britain’s top EU adviser David Frost on Sunday defended Britain’s unilateral move to smooth post-Brexit trade between Britain and Northern Ireland, over which the EU has promised to ...

The first independent digital banking platform in the United Arab Emirates launched on Sunday, a neobank hoping to become a leader in the Middle East, Africa and South Asia. Dubai-based ...

By deciding to leave production unchanged for another month at its meeting on Thursday, OPEC+ risks causing the oil market to overheat. The expanded group of oil exporters defied expectations ...