Cyprus Business News

Turkey has announced a 2021 public investment programme worth ₺138.5 billion ($18.53 billion), with communication and transportation projects receiving the largest allocation of the investment funds. The programme, published in the Official Gazette ...

Vanguard, a fund created in 1975, has last week hit $7 trillion in assets under management, making it the second-biggest in the world. The success of the fund manager is unquestionable. Even ...

Photo shows the Taas refinery founded by Bondarenko and Stolyarenko How the Russian Government efforts to gain full control over Russian hydrocarbons passes through Cyprus In November 2019, the Russian newspaper ...

Facebook Inc’s WhatsApp is delaying an update aimed at increasing business transactions on the platform after a storm of concern from users who feared that the messaging platform was ...

By Peter Tangalos, Head Of Wealth & Investment Services at Hellenic Bank What we commonly refer to today as financial well-being is directly related to the peace of mind derived ...

By George Eid and Andrew Rosenbaum Lebanese banks in Cyprus, like all Lebanese banks, are facing intense pressure from the Lebanon central bank (Banque du Liban) to raise capital. At ...

President Recep Tayyip Erdoğan on Friday said that he was against raising interest rates, and that rates should be cut to slow inflation. Erdoğan said he was against ...

Microsoft Corp, health insurer Cigna Corp and the Mayo Clinic are part of a coalition pushing for digital records of people who get vaccinated against Covid-19. A key aim of ...

Airbnb Chief Executive Officer Brian Chesky on Thursday predicted travel would permanently change due to the pandemic with people seeking out thousands of smaller cities and spending more time visiting ...

US President-elect Joe Biden’s proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed ...

DarkMarket, the world’s largest illegal sales point for drugs and other illegal merchandise on the dark web, has been taken offline in an international operation involving Germany, Australia, Denmark, ...

Synairgen, a treatment that reduces hospital time for Covid-19 patients, is showing promise in Phase III trials which started up on Tuesday. The Southampton-headquartered company Synairgen is engaged in a 610...

As there was almost nothing in the Brexit agreement on rules for UK financial services firms to operate in the European Union, UK traders are effectively cut off from operating ...

Wizz Air sold €500 million in three-year bonds at an interest rate of just 1.35 per cent on Wednesday. The sale was oversubscribed with more than €2 billion in orders from investors. Wizz ...

One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’...

Jet2 on Tuesday announced in a statement that all flights and holidays would be suspended until March 25 of this year. “Due to the ongoing uncertainty and travel restrictions caused by ...

Negative interest rates could provide significant stimulus, a Bank of England official said on Monday; a move to negative rates is now expected by early February. UK Chancellor of the ...

Conditions in the Cyprus economy inched a bit higher in December, according to the Cyprus Composite Leading Economic Index which is designed to provide early-warning signals of economic changes. But ...

Credit rating agency Moody’s on Monday warned that Cyprus faces the danger of ‘fiscal deterioration in a note released on Monday. In a scenario where the recovery stalls or ...

Bahrain will open its airspace to Qatar as of January 11, the country’s civil aviation affairs authority said on Sunday, following a US-backed deal by Arab states last week to ...

Saudi Arabia’s crown prince unveiled plans on Sunday to build a zero-car. zero-carbon city at NEOM, the first major construction project for the $500 billion flagship business zone aimed at ...

As lockdown looms again, this is a time when many households are taking on more debt. Some cannot work during lockdown, others are simply working less and unable to earn ...

Britain’s future access to European Union financial markets must face the challenge of the “weaponisation” of equivalence (meaning access to EU markets), a UK banking official said. “Are you ...

The recent bitcoin rally has moved it back into the limelight once again. But there is far less heard about how it’s “unstable,” or “really has no value.” On ...