#business

Royal Jordanian Airlines this week announced that it will operate eight flights per week from Paphos airport to Jordan during the summer season. “From June 13 to September 13, Royal Jordanian will ...

The European Union “could and should” delay the implementation of certain bank capital rules if the US drags its feet too long on fully implementing the Basel III rules, according ...

Hess (HES.N) shareholders this week approved the proposed $53 billion merger with Chevron (CVX.N) that paves the way for the No. 2 US oil company to gain a prize asset ...

Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher ...

Cypriot real estate firm FOX Estate Agency this week announced its official partnership with IQI Global, a leading real estate network and member of the Juwai IQI group. According to ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced the suspension of the Cyprus Investment Firm (CIF) license of W.G. Wealth Guardian Ltd. This decision, which the commission ...

Juicy Button Games, a new independent games studio based in Cyprus, which was co-founded by the creators of Total Battle, Pixel Gun 3D and Mighty Party, on Thursday announced the ...

Deposits in the Cypriot banking system increased for the third consecutive month in April of this year, while loans recorded a net decrease after two months of growth, according to ...

Cyprus’ economic climate saw an upswing in May, with the Economic Sentiment Index (ESI) increasing by 1.6 points when compared to April 2024. According to the Economics Research Centre (CypERC) of the ...

Israeli-Turkish trade has weathered many bilateral diplomatic storms over the decades and stayed on course, reaching billions of dollars a year, but Israelis fear it may not survive the latest ...

The International Monetary Fund (IMF) on Wednesday praised Cyprus for its strong economic recovery and fiscal discipline, while also recommending continued efforts to reduce public debt and address long-term needs ...

Companies should not share market sensitive information with external analysts ahead of financial statements, the European Union’s securities watchdog said this week. The European Securities and Markets Authority (ESMA) ...

British retail sales bounced back in May after a slump in April that could have been caused by the timing of Easter and bad weather, while prices charged by shops ...

HSBC (HSBA.L) has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty. ...

Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising with the start of ...

The IMF also praised Cyprus’ economic resilience, projecting steady growth in the coming years. The International Monetary Fund (IMF) on Wednesday praised Cyprus for its strong economic recovery and fiscal ...

In a significant move to support the extensive professional community of Cypriots in Greece and to further foster synergies between Cypriot and Greek professionals, the Embassy of Cyprus in Athens ...

The ten most expensive property sales in Cyprus amounted to an impressive €16.2 million in April of this year, with Limassol continuing to feature prominently at the higher end of the ...

Increased interest income, driven by successive interest rate hikes from the European Central Bank (ECB), has significantly boosted Cypriot banks’ profits in the first quarter of 2024, which amounted to €226 million ...

The Cyprus Research and Innovation Foundation (RIF) on Wednesday announced three new national funding programmes aimed at enhancing research excellence and increasing participation and success in the European Research Council (...

The Cyprus Shipping Chamber (CSC) this week expressed its approval of the recent call by EU Member States for a comprehensive European Maritime Industrial Strategy aimed at bolstering the competitiveness ...

Tototheo Maritime, a group of companies offering a range of services in the field of maritime satellite communication technologies, on Wednesday announced its strategic rebranding to Tototheo Global. “This significant ...

Banks and insurers are making more requests to US credit agencies for ratings on their risky loans to private equity funds that are secured against the value of their portfolio ...

Invest Cyprus, the state agency dedicated to promoting Cyprus as an international investment destination, on Tuesday announced that it took part in the prestigious technology event Viva Technology held in ...