Business

The Central Bank of Cyprus (CBC) has made an upward revision to its GDP growth forecast for 2024, adjusting the projected growth rate to 3 per cent, an increase of 0.2 percentage points ...

The Research and Innovation Foundation (RIF) on Tuesday announced a new €6 million funding programme aimed at fostering collaboration between businesses and research organisations across Cyprus. According to a RIF statement, ...

Cyprus’ Industrial Turnover Index reached 133.8 points in May 2024, with 2021 acting as the base year, set at 100 points. According to a report released this week by the Cyprus Statistical Service (Cystat), ...

The solvency ratio of the Cypriot banking sector rose to 25.7 per cent in the first quarter of 2024, according to a report released this week by the Central Bank of Cyprus (...

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

The number of foreign tourists in Spain jumped 13 per cent in the first-half of 2024, putting the country on track for another record year for visitor numbers despite growing discontent over ...

Britain’s financial watchdog has announced that it has widened the range of “dormant” assets, or money in financial firms’ accounts to tap a potentially extra 880 million pounds ($1.12 billion) to ...

Growth in Saudi Arabia’s non-oil sector eased in July from the previous month, with new orders increasing at the slowest pace in two and a half years, a survey ...

The Employers and Industrialists Federation (OEV) have weighed in on the proposed subsea electricity cable linking the Cypriot grid to Greece, calling the project an opportunity not to be missed. ...

The United Arab Emirates’ non-oil private sector expanded at its slowest pace in almost three years in July, a survey showed on Monday, with both output and new order growth ...

The Bank of Cyprus on Monday announced a new reward programme for borrowers who have maintained timely payments on their home loans. According to a statement from the bank, the ...

The number of registered unemployed individuals remained stable in July 2024, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According to the report, which utilised figures ...

The Cyprus Standards Organisation (CYS) and the European Institute of Management & Finance (EIMF) have recently signed a Memorandum of Understanding (MoU). The signing of the MoU aims to enhance ...

The Cypriot economy continues to display remarkable growth and resilience in the face of a challenging global economic environment, Central Bank of Cyprus (CBC) governor Christodoulos Patsalides said on Monday. ...

Oil futures extended losses in a volatile session on Monday as fears of a recession in top oil consumer the United States offset supply worries stemming from mounting tensions in ...

The Research and Innovation Foundation (RIF) on Monday announced the launch of its new pre-seed programme, with a total budget of €1.2 million, which aims to boost Cyprus’ startup ecosystem. According ...

Bitcoin and ether plunged on Monday to multi-month lows as worries over a possible US recession in the wake of soft data gripped financial markets and triggered a rush to ...

The Paphos Chamber of Commerce and Industry (Evep) has welcomed the signing of an agreement between the Deputy Ministry of Tourism and a consortium that will move the Paphos marina ...

Stock markets tumbled on Monday and Japanese shares plummeted a gut-wrenching 13 per cent as fears the United States could be heading for recession sent investors rushing from risk while wagering ...

By Geoffrey Ditta The allure of Europe’s capitals and major cities is undeniable. For decades, people have flocked to them to work in industry, set up businesses, and seek ...

The market for artificial intelligence (AI) platforms software experienced rapid growth in 2023 and is expected to maintain its remarkable momentum, driven by the increasing adoption of AI across numerous industries, ...

Major video game publishers including Electronic Arts and Take-Two will likely stave off a big hit from the strike by voice actors and motion-capture artists due to their in-house studios ...

Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the shine off earnings growth in ...

Apple’s (AAPL.O) upcoming artificial intelligence features will arrive later than anticipated and will miss the initial launch of upcoming iPhone and iPad software overhauls, according to a report ...