#business

Tech giant Apple chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India, after it stepped up production there in an ...

The searing selloff in Treasuries this week in response to tariffs caused dislocations in the world’s biggest bond market, as hedge funds unwound some debt-fuelled bets and investors raised ...

Cyprus is facing a period of growing uncertainty, as investment activity is likely to be affected by the US government’s decision to impose import tariffs, said Andreas Andreou, deputy ...

Banks in Cyprus reduced interest rates on housing loans in February, according to comparative figures published by the Central Bank of Cyprus on Thursday. At the same time, most institutions ...

Limassol recorded €1.38 billion in residential property transactions in 2024, with a total of 3,164 sales across all price categories. The figures reflect activity across high-value, mid-range and lower-priced properties, according to land ...

The value of bounced cheques in Cyprus rose to €156,564 in the first quarter of 2025, according to data published on Thursday by the Central Bank of Cyprus (CBC). The CBC noted ...

Tesla (TSLA.O) started selling cars in Saudi Arabia on Thursday, a country where on a 900-kilometre (559 mile) stretch of its main east-west highway linking the capital Riyadh and the ...

Cyprus’ cruise industry is on the path to recovery after years of disruption, according to DP World Limassol CEO Simon Pitout. Pitout on Thursday said the sector is set to ...

Cyprus is expected to see record tourism in Akamas this summer, thanks to a government plan aimed at tying together various development and beautification projects across the peninsula’s villages. ...

President Nikos Christodoulides this week presented the government’s rebranding drive during a roundtable with tech executives in San Francisco. The event focused on Cyprus’ role as an EU member ...

The European Commission has proposed shortening the standard securities settlement cycle from two business days to one (T+1), something which is being seen as a significant development for European capital ...

DBRS Ratings (Morningstar DBRS) has upgraded the credit ratings of two major Greek banks, Eurobank S.A. and the National Bank of Greece, raising them from BBB (low) to BBB. ...

The fifth edition of Tech Talks, a community-driven event inspired by Google’s original Tech Talks initiative, is set to take place on Monday, May 5, at 7pm. Aimed at the ...

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 ...

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 ...