#business

DP World Limassol, the port management company of Limassol port, is positioning itself as the ideal service centre for the region’s burgeoning oil and gas operations, according to CEO ...

For the second consecutive month, Cyprus saw a surge in inflation in September, primarily due to an increase in food prices, pushing the annual inflation rate to 4 per cent, according ...

A recent consumer behaviour study conducted by the Consumer Protection Service reveals that 83 per cent of consumers visit more than one supermarket each month to make their purchases. The primary ...

TUS Airways conducted its first-ever flight from Larnaca to Dubai last Sunday, as stated in a press release issued by the airline. Flight U8 684, operated by TUS Airways, utilised a ...

In a recorded speech aired during the opening ceremony of the 2nd Financial Markets Forum hosted by Freedom Finance Europe, Cyprus’ Minister of Finance, Makis Keravnos, affirmed the government’s ...

Alphabet’s Google (GOOGL.O) on Wednesday launched Pixel 8 smartphones and a new smartwatch that integrate its artificial intelligence (AI) technology more deeply into the company’s consumer gadgets. Google’...

Private Russian oil producer Lukoil will lend Azeri state oil firm Socar $1.5 billion as part of a broader deal that will allow Socar’s 200,000-barrel-per-day Turkish STAR refinery to process ...

Minister of Energy, Commerce, and Industry George Papastasiou on Friday, while speaking at the Limassol Economic Forum, highlighted the significant issues facing the energy sector in Cyprus, considering both the ...

At least two Egyptian banks have suspended the use of Egyptian pound debit cards outside the country to stop a drain on foreign currency as the country’s currency shortage ...

Rocketing US government bond yields that have led to a global jump in borrowing costs are raising new risks for economic policymakers hoping to lower inflation without triggering a major ...

Russia’s government said on Friday it had lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions installed on Sept. 21. The restrictions for gasoline exports ...

The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address at the 14th Limassol Economic Forum to provide insights into the economic outlook ...

Cyprus’ robust shipping registry is bolstering the nation’s maritime prominence, positioning it as a key player in shaping maritime policy while delivering a clear message that illicit restrictive measures ...

Cyprus’ Deputy Minister of Tourism Kostas Koumis highlighted the importance of promoting the historical connection between Cyprus and France as the Kingdom of the Lusignans during his recent visit to ...

The Central Bank of Cyprus (CBC) released its latest data this week, revealing a minor increase in deposit interest rates in Cyprus in August 2023 compared to July. While the interest ...

Net new loans in Cyprus decreased by €71.2 million in August 2023, compared to July 2023, according to the latest data from the Central Bank of Cyprus (CBC). According to the report, net ...

Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers amid a cost of living crisis, investors ...

In the vibrant waters of the Eastern Mediterranean, the Cypriot shipping industry has long been a maritime powerhouse, both historically and in the modern era As we embark on a ...

Russia has overtaken the United Arab Emirates (UAE) to become India’s top naphtha supplier, data shows, as New Delhi takes advantage of discounted Russian oil products and the re-routing ...

Oil prices inched up on Thursday, clawing back some of the previous session’s big losses after an OPEC+ panel maintained oil output cuts to keep supply tight, though an ...

Chief Executive Officer Tim Cook made $41.5 million after taxes in his biggest share sale in two years, a U.S. securities filing showed. Cook sold 511,000 shares, which were worth about $87.8 ...

TechIsland, Cyprus’s leading tech association, on Thursday released a statement announcing that Ugne Buraciene, Group Chief Executive Officer of payabl., has officially joined its board of directors, effective as ...

By Kyriacos Nicolaou In this exclusive interview, Timur Turlov, a visionary leader and CEO, delves into his triumphant journey in the world of finance. It all began in 2008 amidst the ...

Cyprus’ banking sector has seen its net interest income double in the first half of 2023, marking a 100 per cent increase compared to the same period last year. This surge is ...