Cypriot banking sector solvency index reaches 21.2 per cent
The overall solvency ratio of the Cypriot banking sector stood at 21.2 per cent at the end of September 2022, its highest level since the...
BusinessPick
Mix Reality ASCANIO receives new investment from KV Fund to expand tech team
Nicosia-based software developer company ASCANIO has received follow-on funding of €300,000 from Kinisis Venture Fund I, the first CySEC-registered venture capital fund focusing primarily on...
Egypt’s net foreign assets climb by $2 billion in December
Egypt’s net foreign assets (NFAs) improved by 47.28 billion Egyptian pounds in December, marking a second month of increases after it allowed its currency to...
Cash is king in Lebanon as banks atrophy
The money exchange shop in Lebanon’s Bekaa Valley was buzzing with business. Cellphones pinged endlessly and employees shouted out various rates as customers flocked in...
Intel slashes employee, exec pay amid PC market downturn
Intel Corp (INTC.O) said on Tuesday that it had made broad cuts to employee and executive pay, a week after the company issued a lower-than-expected...
Euro zone economy unexpectedly grows in Q4 but weak 2023 looms
The euro zone eked out growth in the final three months of 2022, managing to avoid a recession even as sky-high energy costs, waning confidence...
Cypriot EdTech firm partners with software company
Cyprus-based Gear Education, an education technology solutions company, announced on Wednesday that it has entered into an official partnership with software company Alma as a...
Airbus and Boeing try to fill giant factories with small jets
Airbus (AIR.PA) and Boeing (BA.N) have set the stage for the next chapter in their titanic rivalry by remodelling two of the world’s largest buildings...
Cyprus Business Now
The Cyprus Securities and Exchange Commission (CySEC) announced that there was an increase in the number of Management Companies and Undertakings of Collective Investments (UCIs)...
FTX sues Voyager Digital to claw back $446 million in 2022 loan payments
Bankrupt crypto exchange FTX sued crypto lender Voyager Digital on Monday, seeking to claw back $445.8 million in loan repayments that FTX made before collapsing...
