#business

Italian energy engineering group Saipem (SPMI.MI) said on Wednesday it had won an offshore contract worth around $2 billion for the development of the Marjan oil field in Saudi Arabia. ...

British house prices rose by an annual 2.2 per cent in July, the fifth monthly rise in a row but the pace of increase cooled and was below a revised 2.7 per ...

Mitsubishi UFJ Financial Group has appointed Yoshi Katsuda as regional head for the Middle East based in Dubai, Japan’s largest bank by assets said in a statement released this ...

Melco Resorts & Entertainment, developer and operator of City of Dreams Mediterranean, on Tuesday evening hosted an event to promote Macao’s status as a travel, leisure, and business destination. ...

Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday. In a statement, the bank said that the meeting “...

Cyprus’ construction materials price index for August 2024 recorded a slight decrease of 0.08 per cent when compared to the same month in 2023. According to a report released by the Cyprus Statistical ...

The Limassol Marina on Wednesday announced that it is celebrating its tenth anniversary through a number of special events. Since its launch, Limassol Marina has established itself as an award-winning, ...

Inflation in Cyprus, as measured by the Harmonised Index of Consumer Prices (HICP), rose by 2.2 per cent year-on-year in August 2024, according to a report from the Cyprus Statistical Service (Cystat) ...

Oil fell on Wednesday after two sessions of gains after an industry report showed increasing US crude and fuel inventories, offsetting rising tension in the Middle East and the potentially ...

British inflation held steady in August but sped up in the services sector which is closely watched by the Bank of England, data showed on Wednesday, adding to bets that ...

The necessary conditions for the listing of Bank of Cyprus shares on the Athens Stock Exchange have been met, according to an announcement from the relevant listing and market operations ...

Interview with Oleg Silakov and Phillip Gladkov, co-founders of Gameram In this exclusive interview, Oleg Silakov and Philipp Gladkov, co-founders of the social gaming network Gameram, share insights into their ...

Tourist arrivals to Cyprus reached 554,923 people in August 2024, an 8.5 per cent increase compared to 511,387 in August 2023, according to a report released on Tuesday from the Cyprus Statistical Service (Cystat). From ...

Britain’s housing market recovered momentum in September, as the Bank of England’s first interest rate cut in more than three years and greater political certainty after July 4’s ...

Eurobank and the Indian Chamber of Commerce (ICC) this week signed a Memorandum of Understanding (MoU) at the Indian Embassy in Athens. The agreement, signed on September 16, aims to establish ...

The Cyprus Borrowers Association (Syprodat) and Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Tuesday discussed the need for sustainable loan restructurings, as well as the issue of lending ...

Tourist arrivals to Cyprus reached 554,923 people in August 2024, an 8.5 per cent increase compared to 511,387 in August 2023, according to a report released on Tuesday from the Cyprus Statistical Service (Cystat). From ...

A delegation from the Association of Cyprus Banks is currently in the United States, visiting Washington DC and New York, to highlight the progress of the Cypriot banking sector in ...

Eurobank’s recent acquisition of a majority stake in Hellenic Bank, Cyprus is set to enhance its credit profile and geographic diversification, according to a statement by credit rating agency ...

Research Deputy Ministry official Georgios Komodromos on Tuesday said that digital transformation is crucial in improving the country’s competitiveness and economic growth. In a statement, Komodromos outlined the government’...

The Cyprus Borrowers Association (Syprodat) this week expressed “disappointment, discouragement, and a sense of failure” among trapped buyers, who are effectively paying off the debts of property developers from whom ...

Cyprus experienced a 4.8 per cent increase in hourly labour costs during the second quarter of 2024 when compared to the same period from last year. According to a report from the ...

Cyprus’ competition watchdog has ruled that competition in the country’s banking market remains healthy, approving Eurobank’s acquisition of a 26.1 per cent stake in Hellenic Bank. With the transaction, ...

Saudi Arabia’s annual inflation rate inched up to 1.6 per cent in August, from 1.5 per cent in July, government data showed, driven by an increase in housing rents and food ...