Business

Oil prices bounced back from multi-month lows on Wednesday on concerns that an escalating conflict in the Middle East could hurt oil production, even as worries about weak crude demand ...

The Cyprus Securities and Exchange Commission (CySEC) on Wednesday announced the imposition of administrative fines totalling €740,000 on the Cyprus Investment Firm (CIF) Exelcius Prime Ltd. CySEC chairman George Theocharides said ...

Building permits issued in Cyprus increased by 8.5 per cent during the period from January to May 2024, compared to the same period in 2023, according to a report released on Wednesday by ...

The Famagusta branch of the Cyprus Hoteliers Association (Pasyxe) and the Famagusta Regional Tourism Board (Etap) this week unveiled their new online campaign titled ‘Live Unforgettable Moments’. The launch event ...

The mandatory public offer for the acquisition of up to 100 per cent of the issued share capital of Hellenic Bank Public Company Limited, submitted on June 4, 2024, has been completed, according ...

The sharp decline in international stock indices earlier this week served as a reminder of the fragile economic balance on the global stage, according to economist Tassos Yiasemides. Speaking to ...

The Paphos Regional Tourism Board (Etap) this week announced the conclusion of its latest campaign aimed at attracting domestic tourists. The board said that this initiative, which has received support ...

The Cyprus Chamber of Commerce and Industry (Keve) this week announced the launch of the Shorewinner project. This initiative, Keve explained, is aligned with the European Green Deal, and seeks ...

The chairman of the parliamentary energy committee has fired a volley of tough questions at the energy minister over the Great Sea Interconnector (GSI) in his persistent effort to pin ...

A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast ...

The Transport Ministry on Tuesday reported a slight increase in passenger traffic at Cyprus’ Larnaca and Paphos airports for July 2024. However, the situation looks better when considering the entirety of ...

Britain’s top eight banks including HSBC, Barclays, Lloyds and NatWest could be wound down in a crisis without the immediate need for taxpayer cash, the Bank of England said ...

Oil giant Saudi Aramco (2222.SE) on Tuesday reported a 3.4 per cent fall in second-quarter profit on lower crude volumes and softer refining margins, yet kept its generous dividend policy unchanged, ...

Global stocks rose in jittery trading on Tuesday, as the uncertainty generated by the previous day’s aggressive selloff weighed on investor sentiment, even though central bank officials said all ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday published its new rules on digital customer onboarding through the release of a Policy Statement (PS-01-2024). According to the commission, ...

The capital reserves of Greek banks have been further strengthened, though the quality of these funds remains weak, according to a report by the international credit rating agency Morningstar DBRS. ...

The Transport Ministry on Tuesday reported a slight increase in passenger traffic at Cyprus’ Larnaca and Paphos airports for July 2024. However, the situation looks better when considering the entirety of ...

The Central Bank of Cyprus (CBC) has made an upward revision to its GDP growth forecast for 2024, adjusting the projected growth rate to 3 per cent, an increase of 0.2 percentage points ...

The Research and Innovation Foundation (RIF) on Tuesday announced a new €6 million funding programme aimed at fostering collaboration between businesses and research organisations across Cyprus. According to a RIF statement, ...

Cyprus’ Industrial Turnover Index reached 133.8 points in May 2024, with 2021 acting as the base year, set at 100 points. According to a report released this week by the Cyprus Statistical Service (Cystat), ...

The solvency ratio of the Cypriot banking sector rose to 25.7 per cent in the first quarter of 2024, according to a report released this week by the Central Bank of Cyprus (...

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

The number of foreign tourists in Spain jumped 13 per cent in the first-half of 2024, putting the country on track for another record year for visitor numbers despite growing discontent over ...

Britain’s financial watchdog has announced that it has widened the range of “dormant” assets, or money in financial firms’ accounts to tap a potentially extra 880 million pounds ($1.12 billion) to ...