#business

Spending on telecom and pay TV services in the Middle East and Africa (MEA) region reached $149 billion in 2024, marking a 7.7 per cent year-on-year increase compared with worldwide growth of 2.2 per ...

The global smartphone market experienced a marginal decline in the second quarter of 2025, marking the industry’s first downturn in six consecutive quarters, according to the latest research from Canalys. ...

The global PC market recorded a strong performance in the second quarter of 2025, with total shipments of desktops, notebooks and workstations rising 7.4 per cent year on year to 67.6 million units, ...

Total government budget allocations for research and development (GBARD) across the European Union reached an estimated €127.91 billion, equivalent to 0.71 per cent of gross domestic product (GDP). Eurostat reported that this ...

The imposition of tariffs by the United States strengthens deglobalisation and may lead to short-term increases in the prices of certain goods while uncertainty remains, according to economist Tassos Yiasemides. ...

Cyprus recorded the lowest annual inflation rate among eurozone countries in July 2025, with consumer prices rising by just 0.1 per cent year-on-year, according to preliminary data released by Eurostat. This represents ...

Here are the top business stories in Cyprus from the week starting July 28: Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 ...

Emerging markets are basking in the glow of their surprise rally this year, but major investors warn things may get tougher as countries finally learn their US tariff fates and ...

ADNOC Drilling (ADNOCDRILL.AD), a unit of Abu Dhabi’s state oil giant, reported a 19 per cent rise in second-quarter profit this week, supported by strong performance in its oilfield ...

GSK (GSK.L) expects to deliver annual sales and profit growth towards the top end of its forecasts after beating second-quarter expectations earlier this week, in a boost to its ...

A rouble-backed stablecoin that could help Russia circumvent Western restrictions on payments has seen a jump in transaction volumes in July, with funds moved through the coin surging past $40 billion ...

The European Central Bank (ECB) and the European Banking Authority (EBA) on Friday published the results of the 2025 EU-wide stress test, showing that the euro area banking sector is resilient ...

By Theodoros Zachariadis The serious fires of recent days have naturally been addressed by grief over the loss of life, injuries, and destruction, as well as estimates of the economic ...

Eurobank has reported adjusted net profits of €711 million for the first half of 2025, marking a decline of 2.9 per cent compared to the same period last year. In addition, the bank’...

Greece, France, Germany, Italy and other Schengen member states are gearing up to activate the European Union’s new Entry/Exit System (EES) from October, a move expected to streamline ...

The Dubai International Financial Center (DIFC) has announced that company registrations grew 32 per cent in the first half of the year as the financial hub welcomed 1,081 new companies, including asset ...

A downturn in British retail sales extended into its 10th month in July as rising prices weighed on consumers, although the pace of the fall was less severe than in ...

Saudi Arabia, the world’s biggest oil exporter, may hike crude oil prices for Asian buyers for the second month in a row, with September prices set to hit five-month ...

Global air passenger demand rose by 2.6 per cent in June 2025 compared to the same month last year, according to data released by the International Air Transport Association (IATA).   Capacity, measured ...

The Ministry of Energy, Commerce and Industry, in collaboration with the Cyprus Trade Centre in Beijing, participated with an information kiosk at the 3rd China International Supply Chain Expo (CISCE), ...

The Cyprus Stock Exchange (CSE) has confirmed the continuation of the suspension of trading for the shares of Hangji Global Ltd, which is listed on the Emerging Companies Market. The ...

Cyprus is putting in the effort to build an attractive AI ecossytem, Chief Scientist Demetris Skourides said on the blockCAST show podcast in Dubai, joining hosts Anton Golub and Demetrios ...

Deputy Tourism Minister Kostas Koumis, recently met separately with the British High Commissioner to Cyprus Michael Tatham, and the French Ambassador to Cyprus Clelia Chevrier Kolacko, to explore ways of ...

The Turnover Value Index of Retail Trade in Cyprus rose by 5.9 per cent in June 2025, compared to the same month of the previous year, according to the state statistical service (...