Banking and Finance

The healthcare financing partnership between AlKhair Capital and UAE-based fintech KLAIM, targeting up to $50 million in deployment, signals more than just another cross-border collaboration. It represents how Gulf-based Islamic finance ...

Here are the top business stories in Cyprus from the week starting July 14: The finance ministry has “absolutely refused” to pay any money to Greece’s independent transmission system operator (...

The Cyprus Securities and Exchange Commission (CySEC) has confirmed that the Administrative Court has annulled its decision to impose major fines on Ioannis and Amalia Vardinoyiannis, following a long-running legal ...

Tourism in Cyprus continued to strengthen in June 2025, with tourist arrivals rising 3.4 per cent year-on-year to reach 498,527, compared to 482,261 in June 2024, according to the state statistical service. For the first ...

The National Bank of Greece (Cyprus) on Thursday announced that it has introduced a new fixed-term deposit that combines stable returns with simple and transparent terms. “In a time of ...

Heightened geopolitical instability and mounting global debt levels represent key risks to Cyprus’ financial stability, according to the Central Bank of Cyprus (CBC). The CBC published its 2024 Financial Stability Report (...

Heightened geopolitical instability and mounting global debt levels represent key risks to Cyprus’ financial stability, according to the Central Bank of Cyprus (CBC). The CBC published its 2024 Financial Stability Report (...

The Cypriot banking sector experienced a decline in profitability, an increase in total assets, and a further strengthening of capital adequacy, according to a report from the Central Bank of ...

The Wellington Management Group has reduced its stake in Bank of Cyprus Holdings Public Limited Company, falling just under the 4 per cent threshold, according to a filing submitted to the ...

The Ygia Group this week announced that it has completed the acquisition of Eden Medical Center, making it the largest private provider of inpatient care in Cyprus, with more than 270 ...

The Appeals Court has ruled in favour of the Central Bank of Cyprus (CBC) in a case concerning the non-retroactive payment of salary increments to two of its employees, overturning ...

The European Banking Authority (EBA) this week announced the launch of three public consultations focused on developing new regulatory technical standards and guidelines governing third-country branches operating within the European ...

Approximately one third of the people in Cyprus are currently struggling to find the money for a weekly get-away, according to new Eurostat data released on Monday. Specifically, the EU’...

The Cyprus Securities and Exchange Commission (CySEC) has released the results of the certification examinations held in June 2025 in accordance with its directive concerning the certification of individuals and the ...

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding a number of online platforms offering investment services without the required authorisation. In a statement, CySEC ...

An increasingly volatile environment has resulted in investment diversification becoming key in order to boost financial resilience among Cypriot households and businesses, according to Dr Stella Mourouzidou Damtsa, CFA. In ...

Cyprus has overtaken the EU average in online banking, with 85.1 per cent of internet users managing their finances online in 2024, according to Eurostat’s Digitalisation in Europe 2025 report.   The share ...

Here are the top business stories in Cyprus from the week starting July 7: Cyprus recorded a 2 per cent rise in house prices in the first quarter of 2025 compared with a ...

The European Banking Authority (EBA) this week launched a public consultation on proposed revisions to its guidelines on product oversight and governance (POG) arrangements for retail banking products. The revised ...

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging ...

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order. The bill, approved by ...

Organizations worldwide lose significant portions of their non-labor spending annually due to biased procurement decisions and vendor manipulation. Financial executive Shiva Ramnarine has developed a digital platform through Mobius Consulting ...

Artificial intelligence (AI) is rapidly transforming financial markets by bringing “speed and innovation” to the sector, according to Eliza Stasopoulou, senior officer at the Cyprus Stock Exchange. However, Stasopoulou also ...

The Cyprus association of care home owners on Tuesday expressed “strong dissatisfaction” over the way House labour committee discussed living conditions in private and state care homes for people with ...