Business

The Cyprus Hotels Association (Pasyxe) on Thursday welcomed the cabinet’s decision to approve a €165 million incentive plan for airlines for the period 2023-2027, whose primary objective is to bring ...

PwC Cyprus CEO Philippos Soseilos this week explained that the correct application of environmental, social and governance (ESG) criteria in the shipping industry requires a holistic approach by the companies ...

The total amount of deposits in the Cypriot banking system reached the highest level of the last nine years in September 2022, while loans stood at a five-month low, according to ...

Credit Suisse, battered by years of scandals, plans to raise 4 billion Swiss francs ($4 billion) by selling stock while slashing thousands of jobs and spinning off its investment bank in an ...

Saudi Arabian Airlines (Saudia) has signed an agreement with German air taxi developer Lilium to buy up to 100 of its aircraft for use on Saudia’s domestic network, the state ...

Egypt’s central bank said on Thursday it had raised interest rates by 200 basis points in an exceptional meeting of its monetary policy committee. The central bank set the overnight ...

The European Central Bank raised interest rates again on Thursday and announced it was changing the terms of its ultra-cheap loans to commercial banks in a bid to shrink its ...

Oil prices dropped on Thursday, reversing a more-than-3 per cent rally in the previous session, as lingering fears over slack demand in China outweighed optimism from record US crude exports ...

Shell on Thursday posted a third-quarter profit of $9.45 billion, easing from the previous quarter’s record high due to weaker refining and gas trading, as it announced plans to sharply ...

European benchmark gas prices have been steadily declining over the past few months to near their levels before war broke out in Ukraine. Europe has been facing an energy supply ...

Refurbishing your drug store to look modern and keep up with market trends is crucial not only when you are developing it but also when you venture into new administrations. ...

The European Central Bank will raise interest rates again on Thursday and likely reel in a key subsidy to commercial banks, taking another big step in tightening policy to fight ...

Twitter Inc (TWTR.N) shares will be suspended from trading on Friday, the New York Stock Exchange’s website showed, as billionaire Elon Musk faces a court-ordered Oct. 28 deadline to ...

Turkish bank executives raised concerns with authorities this week that a year of new rules forcing them to buy government bonds could ultimately destabilize the sector, even as it sharply ...

Council for Registration of Real Estate Agents president Marinos Kineyirou this week said that the domestic property market continues to exhibit great resilience, although he conceded that the various concurrent ...

Cyprus’ trade deficit reached €4.4 billion for the period between January and July 2022, compared to €3.2 billion for the corresponding period of 2021, according to the finalised data by the Cyprus Statistical Service (...

Oil giant Saudi Aramco launched a $1.5 billion fund to support an inclusive global energy transition on Wednesday while Saudi officials said the switch from hydrocarbons could take decades, necessitating continued ...

Lebanon’s caretaker cabinet on Wednesday approved a decision to waive TotalEnergies’ (TTEF.PA) 40 per cent stake in a consortium to explore the country’s maritime Bloc 9. TotalEnergies was leading ...

Singapore’s central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility ...

Bahrain’s finance minister said on Wednesday that the Gulf countries need to build their production and export capabilities in order to transform their economies, since the majority of their ...

The United States is working on supplying its own uranium for existing and advanced nuclear reactors that could become commercial in the future to reduce dependency on Russia for the ...

Nigeria’s bid to claim compensation from a British subsidiary of mining and trading group Glencore GLEN.L over bribes paid to officials at Nigeria’s state oil company was ...

The European Union could introduce a gas price cap this winter to limit excessive price spikes, but only if countries give Brussels a mandate to propose the measure, the bloc’...

Hellenic Bank announced on Wednesday that it will raise the wages of former Co-op bank employees who work for them, following a 2014 cut, which had carried over when the co-op ...