#business

Saudi Arabia, the Arab world’s biggest economy, attracted foreign direct investment inflows of 96 billion riyals ($25.6 billion) in 2023, beating official targets, according to government data based on a new calculation ...

The war between Israel and armed group Hezbollah is expected to wipe 9 per cent off Lebanon’s national wealth as measured by GDP, the United Nations said this week, with ...

Cyprus investment promotion agency, commonly referred to as Invest Cyprus, on Thursday announced the signing of a memorandum of understanding (MoU) with Invest Paraná, the investment promotion agency of the ...

The Cyprus Union of Shipowners (CUS) has taken a prominent role in recent years in promoting and strengthening the country’s shipping sector, according to union vice president Polys Hajioannou. ...

Ayia Napa Mayor Christos Zannettou on Thursday said that strengthening relations with Polish tourism stakeholders has become a key focus for the Famagusta Regional Tourism Board (Etap). Zannettou’s remarks ...

CySEC officer Elena Karkoti this week released an article highlighting the importance of financial education from an early age, as part of the Cyprus Securities and Exchange Commission’s (CySEC) ...

The Central Bank of Cyprus (CBC) released its latest financial stability report this week, highlighting how banks and insurance companies are shaping their investment strategies in different ways. The report, ...

The Cyprus Investment Funds Association (CIFA) held its Athens roadshow this week, with primary focus revolving around the prospects Cyprus offers in the field of investment funds. The event was ...

Invest Cyprus recently hosted a roundtable discussion with Indian business leaders to promote bilateral relations and provide aftercare services to support post-investment activities. The event was held in collaboration with ...

Germany would be the big loser if a Trump presidency sparked a tit-for-tat trade war between the United States and Europe, with Germany’s previously much-envied industrial strength potentially becoming ...

The European Central Bank (ECB) has scope to further cut its key interest rates as inflation moves closer to its target, but it should remain vigilant about potential upside risks, ...

More than three quarters of Britain’s financial sector bosses plan to push workers to spend more time in the office over the next 12 months, according to a survey of 150 ...

European Central Bank policymakers have begun to debate whether interest rates need to be lowered enough to start stimulating the economy, ending years of economic restriction, conversations this week with ...

Coca-Cola (KO.N) is aiming to hit the higher end of its organic sales forecast for 2024 as growing demand for its higher-priced sodas and juices in the US helped it ...

The European Central Bank (ECB) has scope to further cut its key interest rates as inflation moves closer to its target, but it should remain vigilant about potential upside risks, ...

TechIsland, the largest tech association in Cyprus, on Wednesday announced PwC Cyprus as the latest addition to its esteemed group of donors. “This partnership underscores a shared vision of fostering ...

The Paphos Regional Tourism Board (Etap) on Wednesday announced that up to €25,000 in funding is available for small and medium-sized enterprises (SMEs). The funding is being made available in the ...

Cyprus’ fiscal balance has made a remarkable recovery from recent shocks, with current fiscal surpluses exceeding pre-pandemic levels, according to rating agency Morningstar DBRS. The agency attributed this improvement to ...

Cyprus needs bold solutions to address its housing crisis, according to Yiannis Misirlis, president of the Cyprus Land and Building Developers Association (LBDA). Speaking at a conference titled “Housing Policy: ...

Oil prices fell on Wednesday after industry data showed US crude inventories swelled more than expected, though declines were capped as the market watched diplomatic efforts in the Middle East ...

Cyprus recorded a fiscal surplus of €631.80 million in 2023, corresponding to 2 per cent of its GDP, according to a report from the state’s statistical service. Meanwhile, the public debt for ...

There are not yet enough indications that the eurozone’s inflation could drift further down or up to change the European Central Bank’s central scenario for further rate cuts, ...

A sharp fall in British consumer price inflation in September was driven by more volatile components, Bank of England rate-setter member Megan Greene said on Tuesday when asked how it ...

Cyprus recorded a fiscal surplus of €631.80 million in 2023, corresponding to 2 per cent of its GDP, according to a report from the state’s statistical service. Meanwhile, the public debt for ...