Business

Oil companies operating the Aphrodite gas field have approved a €192 million investment to start drilling, Israeli company NewMed said on Sunday. The amount will also cover other development costs for ...

By Ioannis Tirkides Ursula von der Leyen, President of the European Commission, delivered her annual State of the Union address before the European Parliament, on September 14. This is the occasion ...

The wearable band market has bounced back into growth with shipments rising 2 per cent during the second quarter of 2022, following a contraction of 3.7 per cent during the previous quarter, according ...

US government agencies must double down on digital asset sector enforcement and identify gaps in cryptocurrency regulation, the Biden administration said on Friday, citing their potential for misuse and harm ...

Samsung Electronics (005930.KS) will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed at making the company carbon neutral by 2050, the world’s largest chip and ...

Israeli energy minister Karine Elharrar will be in Cyprus on Monday 19 to address the pending dispute with Nicosia over the Yishai gas field, according to his Cypriot counterpart Natasa Pilides. ...

The EU needs to ensure that its Russia sanctions do not negatively impact the bloc or individual member states, especially when it comes to the shipping sector, President Nicos Anastasiades ...

DataArt, a global software engineering firm, this week announced the opening of a new office in Cyprus. The company, which has received support from Invest Cyprus, the country’s investment ...

PwC Cyprus this week announced that it has bolstered its environmental, social and governance (ESG) consulting division through the addition of Chris Angelides, who will take an advisory role, assisting ...

Fitch Ratings has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook saying the rating was underpinned by governance indicators and GDP per capita levels ...

President of the Larnaca Chamber of Commerce (Evel) Stavros Stavrou on Friday attended the opening of the Metropolis Mall in Larnaca, where he delivered an address during the opening ceremony. “...

Cyprus company Gain Venture Studios (GAIN) this week announced the increase of its participation in Cypriot startup 11Pets Ltd, resulting in the company becoming a majority shareholder in the firm. ...

Harmonized inflation in Cyprus continued to rise in August 2022, albeit at a slower pace than the previous month, registering a 9.6 per cent year-on-year increase, according to a report released on ...

Russian President Vladimir Putin said on Friday that 25% of Russian gas supplies to Turkey would be paid for in roubles, and that an agreement on this would come into force ...

Five Lebanese banks were held up by depositors seeking access to their own money frozen in the banking system on Friday, in a spiralling spate of holdups this week spurred ...

Turkish contractor IC Ictas re-captured a deal to build a $20-billion nuclear power plant run by Russia’s Rosatom at Akkuyu in southern Turkey, two sources with information on the ...

Lebanon’s parliament on Friday suspended talks on the 2022 budget after a walk-out by lawmakers sent attendance below quorum, further delaying efforts to complete requirements to access IMF funds to ...

The French government is now expected to launch its takeover of EDF by the end of September after a slight delay due to the complexity of clearing the offer price, ...

The dollar rallied again on Friday, as U.S. Treasury yields rose ahead of a potentially huge Federal Reserve interest rate hike next week, while China’s yuan weakened past ...

Russia’s economy is not likely to return to pre-war levels before the end of this decade as the Ukraine war and stricter sanctions worsen long-standing economic deficiencies, Scope Ratings ...

Israel’s annual consumer price index (CPI) of inflation dipped to a 4.6 per cent rate in August, the Central Bureau of Statistics said on Thursday, easing from a 14-year high ...

US economic data remains strong but a range of financial indicators point to a sharp slowdown over the next year that would dampen oil consumption and lead to lower prices. ...

Oil prices edged higher on Friday but were on track for a weekly decline amid fears of sharp interest rate hikes that would slam global growth and hit fuel demand. ...

The German subsidiary of Russian oil giant Rosneft (ROSN.MM) was placed under trusteeship on Friday, giving Germany’s federal regulator control of the PCK refinery in Schwedt, a key ...