Business

Alpha Bank reported its first quarter 2026 results last week, showing solid operational performance but weaker headline profitability due to one-off costs and a softer capital position, according to analyses by ...

Here are the top business stories in Cyprus from the week starting May 18: The launch of Cyprus’ competitive electricity market represents an important modernisation step, but stronger regulatory safeguards are ...

Revolut chief executive Nik Storonsky recently outlined an ambitious strategy to expand Revolut Business, aiming to position the company as the largest bank in the world. The internal communication to ...

The European Union imported 49.7 million tonnes of recyclable raw materials and exported 36.2 million tonnes to non-EU countries over the course of 2025, according to a Eurostat report. This distinct trade imbalance ...

Britain’s employers ​reined in their hiring and posted fewer job vacancies in April, according to data released this week which showed the impact of the Iran war on ‌the ...

Battery storage firms in the US are seeing surging interest from power-hungry AI data centers, but lengthy queues to connect to the grid and a supply chain heavily dependent on ...

The informal economy accounts for more than 80 per cent of Africa’s total workforce, creating significant broadband deployment challenges and opportunities across the continent, according to a study by market ...

Geopolitical instability, rising defence needs and strengthening Europe’s competitiveness and resilience dominated discussions at the informal Economic and Financial Affairs Council (Ecofin) meeting in Nicosia on Saturday. Speaking after ...

On 19 May Cyprus approved the Development and Production Plan of the Kronos gasfield in block 6 by the ENI-TotalEnergies consortium. This focuses on a fast-track, subsea tie-back to the existing Zohr ...

Fuel prices across the European Union surged in April, with Cyprus recording one of the steepest monthly increases in diesel costs, reflecting broader energy market pressures. According to a report ...

Cyprus Airways and flydubai have announced the launch of a new interline agreement, aimed at strengthening international connectivity and offering passengers seamless access to an expanded network across the Middle ...

The Cyprus Securities and Exchange Commission (CySEC) has alerted regulated entities to strengthened anti-money laundering guidelines and new risk reports, as data from the Financial Intelligence Unit (Mokas) pointed to ...

European air connectivity barely moved in 2025, with the International Air Transport Association (IATA) warning that the continent’s route network grew by just 1 per cent, underscoring the pressure facing airlines ...

Alphabet’s Google (GOOGL.O) and ‌Blackstone (BX.N) said this week that they will form an artificial intelligence cloud business venture aimed at capitalising on an insatiable demand for ...

Asking prices for British homes in May rose by more than usual ​for the time of year, despite ‌uncertainty about the Iran war, and a key mortgage rate eased back, ...

In a nondescript building on Kirtland Air Force Base on ​the high desert of New Mexico, liquid-cooled supercomputers gurgle and hum their way through some of the most complex math ...

The International Air Transport Association (IATA) has developed a new secure digital platform aimed at helping airlines, airports, ground handlers and technology providers modernise baggage handling, while still allowing them ...

Panama Canal traffic has risen sharply since the beginning of the year, as disruption in the Strait of Hormuz pushes more energy cargoes from the US towards Asia and Pacific ...

If you look at the business news in almost every country, one thing is for sure – people all over the world are feeling the pinch of inflation. And Cyprus is ...

The Cyprus Employers and Industrialists Federation (Oev) announced on Friday that it will support the Green Agenda Summit 2026 as an institutional supporter, with the event set to take place in ...

The Digital Cooperation Organisation (DCO) launched a report on Friday calling for coordinated multistakeholder action to strengthen the security and resilience of civilian digital ecosystems during crises. The organisation, which ...

Eurozone finance ministers and central bankers on Friday said the Middle East crisis requires targeted and temporary support measures for households and businesses, warning against broad fiscal intervention as a ...

The Central Bank of Cyprus (CBC) on Friday reported that total assets of investment organisations in Cyprus rose by 3.5 per cent by the end of March 2026, exceeding €8 billion. The increase ...

Booking an AC service in Dubai is not complicated. Finding someone who actually does the job properly is a different matter. The city has dozens of companies offering ac service, ...