Business

Cyprus’ retail trade turnover, excluding motor vehicles, recorded a significant increase in June 2024, according to a report released this week by the Cyprus Statistical Service (Cystat). According to the report, ...

Eurobank this week posted an adjusted net profit of €732 million for the first half of 2024, an increase of 22.2 per cent year-on-year, while reported net profit stood at €721 million. In addition, ...

Barclays (BARC.L) announced a new 750 million pound ($957 million)share buyback and upgraded its longer term earnings guidance on Thursday, driven in part by an upswing in trading income that ...

Saudi Basic Industries Corp (SABIC) (2010.SE), one of the world’s biggest petrochemicals companies, reported a close to 85 per cent jump in second-quarter net profit on Thursday, helped by higher ...

Partners in the Israeli Leviathan offshore gas project have approved a $429 million investment to expand the field and increase production, a statement from the group said on Thursday. The expansion ...

Shipping company Maersk (MAERSKb.CO) on Thursday raised its full-year guidance on the back of strong container market demand and the crisis in the Red Sea, but also said the ...

Free short stay parking is now available in the taxis’ car park at Paphos airport, the transport ministry announced on Thursday. Those wishing to drop passengers off or pick them ...

The development of the Larnaca marina and port will be split into two separate projects, Transport Minister Alexis Vafeades said on Thursday, referring to works estimated to cost up to €30 ...

Larnaca and Paphos airports saw a 4.5 per cent rise in passenger numbers in the first seven months of 2024, compared to last year, according to Maria Kouroupi, Director of Aviation Development ...

The Bank of England cut interest rates from a 16-year high on Thursday after a narrow vote in favour from policymakers divided over whether inflation pressures had eased sufficiently. Governor ...

Eurobank announced on Wednesday evening that it had successfully completed its mandatory public offer to acquire up to 100 per cent of the issued share capital of Hellenic Bank. This resulted ...

Eurobank this week posted an adjusted net profit of €732 million for the first half of 2024, an increase of 22.2 per cent year-on-year, while reported net profit stood at €721 million. In addition, ...

Net new loans in Cyprus experienced a substantial increase in June 2024, reaching a total of €330.6 million, compared to €234.9 million in May, according to a report released this week by the ...

The Cyprus government’s surplus surged to €424.5 million in the January-June period, representing 1.3 per cent of GDP, compared to €62 million and 0.2 per cent of GDP during the same period in 2023, ...

The Bank of England will not publish rules for implementing tougher global bank capital requirements until after the summer, it said this week, raising questions about whether a July 2025 start ...

Saudi Arabia’s real gross domestic product (GDP) shrank 0.4 per cent year-on-year in the second quarter, preliminary data by the government’s statistical authority showed on Wednesday, driven by a 8.5 ...

Turkey wants to complete negotiations for a free trade agreement with the Gulf Cooperation Council by the end of the year, the Turkish trade ministry said on Wednesday, after Ankara ...

Procter & Gamble (PG.N) missed Wall Street expectations for fourth-quarter sales on Tuesday, on weak demand for its skincare products in major market China and waning price benefits in ...

Trade union Sek said on Wednesday that an agreement had been reached on renewing collective labour agreements in the construction sector. The new agreement significantly improves employment conditions for some 40,000 ...

The Cyprus government’s surplus surged to €424.5 million in the January-June period, representing 1.3 per cent of GDP, compared to €62 million and 0.2 per cent of GDP during the same period in 2023, ...

Benign inflation data and a cooling job market aside, US credit conditions featuring tepid loan demand and stiff terms may also be bolstering confidence among Federal Reserve officials that price ...

Inflation in Cyprus dropped to 2.6 per cent in July, reflecting a slowdown from the 3 per cent rate observed in both June and May, according to preliminary estimates released by Eurostat ...

Cyprus’ Industrial Producer Prices Index (PPI) decreased by 2.4 per cent year-on-year in June 2024, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat). The index, which stood ...

Households in Cyprus hold more than €56 billion in financial assets, with a significant portion held in cash, deposits, and loans, while also reducing their debt burden, according to a report ...