Business

Energy Minister George Papanastasiou said on Friday that findings from the ‘Cronos 2’ natural gas field were very positive. The well, located 160km off the coast of Cyprus in block 6, confirmed ...

Shares of smaller AI firms rallied on Thursday after the world’s most dominant artificial intelligence chipmaker, Nvidia, disclosed stake in them, offering clues on its growth strategy. The rally ...

Cypriot Minister of Finance Makis Keravnos this week met with the chairman of the board of directors of Alpha Bank Group Vasilis Rapanos, discussing a range of issues, including an ...

Shares in Renault (RENA.PA) hit two-month highs on Thursday after the French carmaker posted full-year 2023 net profit slightly below forecasts but reported margin and revenue gains and a huge ...

Pernod Ricard’s shares rose 6 per cent on Thursday, even after the French spirits maker cut its full-year sales forecast and share buyback programme as hoped-for improvements in the United ...

The Dubai International Financial Centre (DIFC) achieved 34 per cent growth in new registrations last year, bringing the total number of active companies in the Gulf’s financial hub to 5,523, its ...

Interior Minister Constantinos Ioannou on Thursday highlighted “significant improvements” in the examination and issuance of property title deeds, which, according to him, will help reducing the average processing time to ...

Energy Minister George Papanastasiou hinted Thursday the government may terminate the contract with the CPP consortium with the contract to build the liquefied natural gas (LNG) terminal at Vasiliko. His ...

The European Union sees no need to extend an agreement to transport Russian gas to Europe via Ukraine, ahead of the contract’s planned expiry at the end of the ...

Cyprus is expected to experience further growth in its Gross Domestic Product (GDP) in 2024, combined with a slowdown in inflation, according to the European Commission’s interim winter forecast, released ...

Finance Minister Makis Keravnos on Thursday said that new support measures will be discussed at the upcoming Cabinet meeting, scheduled for next week, after which they will be announced to ...

The Cyprus Securities and Exchange Commission (CySEC) on Thursday awarded three of its staff members as a gesture of recognition and appreciation during a ceremony for the new year. Additionally, ...

Despite the high volatility of the crypto market, many crypto projects have witnessed a massive inflow of investors. As the year goes by, analysts have picked the best cryptocurrencies that ...

Shifts in consumer behaviour, privacy concerns, and increased competition on social media platforms have resulted in advertising agencies needing to be flexible and innovative, according to Nicoletta Charalambous, the managing ...

The Municipality of Paphos this week recognised the Chief Executive Officer of Jet2 Steve Heapy, who is considered to be one of the most prominent figures in the global travel ...

As an upcoming ICO, Algotech (ALGT) has showcased its technological prowess and also underscored its ability to outshine established competitors like Chainlink (LINK) and Stacks (STX). With groundbreaking success, such ...

Ukraine has refused to remove Raiffeisen Bank International (RBIV.VI) from a “sponsors of war” blacklist, challenging the biggest Western bank in Russia to sever its ties to Moscow. In ...

Oil prices fell on Thursday after a larger-than-expected jump in US crude inventories raised doubts about the strength of demand in the world’s largest economy and top oil consumer. ...

European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep fall in office prices on both sides of the Atlantic and investor ...

Mediterranean Hospitality Venture PLC (MHV) is pleased to announce the appointment of Achilleas Dorotheou as its new Chief Executive Officer. A distinguished figure in the hospitality sector, Dorotheou brings over 30 ...

Britain’s economy fell into a recession in the second half of 2023, a tough backdrop for Prime Minister Rishi Sunak who has promised to boost growth ahead of an election ...

Japan’s Sony (6758.T) slashed the full-year sales forecast for its PlayStation 5 console on Wednesday and said it plans to list its financial business next year as it focuses on ...

Minister of Justice Marios Charalambous this week met with the president of the Cyprus Chamber of Commerce and Industry (Keve) Stavros Stavrou, along with a delegation from the chamber’s ...

Coca-Cola (KO.N) surpassed Wall Street expectations for fourth-quarter revenue on Tuesday, as it benefits from higher product prices and buoyant demand for its juices, energy drinks and sodas. Despite ...