#business

Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ...

Risks of a hit to the global economy and further sharp falls in financial markets have grown due to US President Donald Trump’s import tariffs and the UK is ...

Saudi Aramco has signed a deal with China’s Sinopec to expand a petrochemicals complex operated by their Yasref joint venture on the kingdom’s western coast, the Saudi state ...

President Tayyip Erdogan said that Turkey is not expecting a negative situation for its trade, production and exports as a result of US President Donald Trump’s tariffs, which went ...

Finance Minister Makis Keravnos, will travel to Warsaw on Thursday, April 10, in order to participate in the Eurogroup meeting and the informal Economic and Financial Affairs Council (Ecofin), which will ...

Eurogate Container Terminal Limassol has successfully completed the expansion and upgrade of the yard at the container terminal in the port of Limassol, increasing the facility’s total capacity to ...

Cyprus recorded a trade deficit of €1.24 billion during the first two months of 2025, marking an increase of €102.7 million compared to the same period in 2024, according to the state statistical service. ...

Six in ten young people in Cyprus see finding a job as their biggest challenge, while a quarter are worried about the country’s future and one in five say ...

Motor vehicle registrations in Cyprus dropped 4.5 per cent in the first quarter of 2025, compared to the same period last year, despite a rise in March, according to data released by ...

President Nikos Christodoulides this week met with Luke Kowalski, Senior Vice president for Corporate Affairs and Compliance at Oracle, with the meeting focusing on Cyprus’ digital transition. Specifically, the meeting ...

Cyprus has the potential to become a leading global hub for business and shipping, shipowner Polys Hajioannou said during his visit to New York for the Capital Link Cyprus Business ...

Cyprus-based startup Bolsterup, a digital platform designed to connect the construction sector, has announced the successful completion of a €500,000 funding round led by Uni.Fund. Uni.Fund a distinguished European ...

The Housing Price Index in Cyprus recorded a quarterly decline of 1 per cent in the fourth quarter of 2024, compared to the third quarter of the same year, according to a ...

The Cyprus Securities and Exchange Commission (CySEC) has imposed a €200,000 settlement on Cyprus Investment Firm (CIF) Colmex Pro Ltd for possible violations of investment services legislation. The settlement, already paid ...

The Cyprus Stock Exchange (CSE) has announced its closure on several upcoming dates in line with public and bank holidays. Investors and market participants have been informed that the exchange ...

Britain softened demands on automakers to switch to production of electric vehicles this week, seeking to alleviate pressure on an industry left reeling from US President Donald Trump’s tariffs. ...

A dramatic US stock slide is fanning fears of even more dire scenarios for the market, as investors weigh the potential for a prolonged global trade war and a much ...

The recently held Capital Link Cyprus Business Forum focused on the progress, opportunities, and developments related to the Cypriot economy. The event, held at the Metropolitan Club in New York ...

Cyprus’ general government recorded a surplus of €654.2 million in the first two months of 2025. This represents 1.9 per cent of the country’s Gross Domestic Product (GDP), according to preliminary fiscal ...

The Cyprus Land Development Organisation (Koag) is preparing to start building 220 new homes by the end of the year. Most of them will be in Nicosia and Limassol and will ...

Cyprus is stepping up its push to join the Schengen zone, a development seen as critical for reinforcing the island’s appeal to investors and simplifying cross-border activity for companies. ...

Larnaca and Paphos airports handled 707,304 passengers in March 2025, marking a 5.91 per cent rise compared to the same month last year. It was the strongest performance ever recorded for the January–...

Hedge funds tracked by Morgan Stanley globally posted growing losses as markets tumbled last week after US President Donald Trump’s announcement of sweeping tariffs, turning year-to-date performance to a 3 ...

Safe havens the yen and the Swiss franc held near six-month highs on Tuesday while the US dollar nursed broad losses as financial markets grappled with mounting recession worries in ...