#business

CDB Bank this week announced the commencement of its partnership with the Bank of New York Mellon as its correspondent bank. According to an official announcement by the Cyprus Development ...

The aim is to support the Cypriot market in achieving its green transition objectives The Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) this week signed a Memorandum ...

The Industrial Production Index in Cyprus has seen a year-on-year uplift of 3.4 per cent in March, marking its continued upward trajectory for the eleventh month in a row, according to ...

Juicy Button Games, a new independent games studio based in Cyprus, which was co-founded by the creators of Total Battle, Pixel Gun 3D and Mighty Party, on Thursday announced the ...

El Al Israel Airlines (ELAL.TA) is expected to make a long-awaited decision on an order of around 30 short-haul aircraft in “a few weeks”, Chief Financial Officer Yancale Shahar said ...

Inflation in three German states inched up in May, preliminary data showed, suggesting that national inflation in Europe’s biggest economy may rise slightly, although price growth did decline in ...

The Investment Corporation of Dubai, the government’s main investment arm, reported a 68 per cent increase in 2023 net profit this week, buoyed by its transportation, banking and financial services assets. ...

The Cyprus Stock Exchange (CSE) has announced the acceptance of the listing of 16,000 13-week Treasury Bills, 3rd issue, Series 2024 (31/05/2024 – 30/08/2024), with a nominal value of €1,000 each, amounting to a total value ...

Royal Jordanian Airlines this week announced that it will operate eight flights per week from Paphos airport to Jordan during the summer season. “From June 13 to September 13, Royal Jordanian will ...

The European Union “could and should” delay the implementation of certain bank capital rules if the US drags its feet too long on fully implementing the Basel III rules, according ...

Hess (HES.N) shareholders this week approved the proposed $53 billion merger with Chevron (CVX.N) that paves the way for the No. 2 US oil company to gain a prize asset ...

Airfares in Europe and Asia are starting to plateau or fall in a sign that a prolonged post-COVID travel boom is waning, delivering a setback for airlines struggling with higher ...

Cypriot real estate firm FOX Estate Agency this week announced its official partnership with IQI Global, a leading real estate network and member of the Juwai IQI group. According to ...

The Cyprus Securities and Exchange Commission (CySEC) this week announced the suspension of the Cyprus Investment Firm (CIF) license of W.G. Wealth Guardian Ltd. This decision, which the commission ...

Juicy Button Games, a new independent games studio based in Cyprus, which was co-founded by the creators of Total Battle, Pixel Gun 3D and Mighty Party, on Thursday announced the ...

Deposits in the Cypriot banking system increased for the third consecutive month in April of this year, while loans recorded a net decrease after two months of growth, according to ...

Cyprus’ economic climate saw an upswing in May, with the Economic Sentiment Index (ESI) increasing by 1.6 points when compared to April 2024. According to the Economics Research Centre (CypERC) of the ...

Israeli-Turkish trade has weathered many bilateral diplomatic storms over the decades and stayed on course, reaching billions of dollars a year, but Israelis fear it may not survive the latest ...

The International Monetary Fund (IMF) on Wednesday praised Cyprus for its strong economic recovery and fiscal discipline, while also recommending continued efforts to reduce public debt and address long-term needs ...

Companies should not share market sensitive information with external analysts ahead of financial statements, the European Union’s securities watchdog said this week. The European Securities and Markets Authority (ESMA) ...

British retail sales bounced back in May after a slump in April that could have been caused by the timing of Easter and bad weather, while prices charged by shops ...

HSBC (HSBA.L) has transferred ownership of its Russian unit to Expobank for an undisclosed fee, the two lenders said on Wednesday, ending around two years of negotiations and uncertainty. ...

Oil prices rose on Wednesday on expectations that major producers will extend output cuts at a meeting on Sunday and that fuel consumption will start rising with the start of ...

The IMF also praised Cyprus’ economic resilience, projecting steady growth in the coming years. The International Monetary Fund (IMF) on Wednesday praised Cyprus for its strong economic recovery and fiscal ...