MARKET TRENDS

Cyprus to table coordinates of the remaining of its EEZ

Cyprus to table coordinates of the remaining of its EEZ

The Republic of Cyprus is taking all the necessary steps to table the coordinates relating to the rest of its Exclusive Economic Zone (EEZ), for which the said coordinates have not been tabled, Foreig [...]

Saudi Aramco shows interest to do business in Cypriot EEZ

Saudi Arabian oil company Saudi Aramco has expressed interest to do business in Cyprus’ Exclusive Economic Zone, according to a PIO press release. It is noted that on the sidelines of President Ana [...]

Agreement with Saudi Arabia on avoidance of double taxation

Cyprus and Saudi Arabia signed on Wednesday a Convention for the avoidance of double taxation with respect to taxes on income and for the prevention of tax evasion. The Convention was signed during th [...]

Open sea vessel to arrive in Cyprus

An open sea vessel is expected to arrive today at the Larnaca Port, in the framework of an agreement between the Republic of Cyprus and the State of Israel, in accordance with contractual obligations [...]

Hellenic Bank sells €145m in NPLs to Norway’s B2Holdings

Hellenic Bank, Cyprus’ third largest lender, said that it agreed to sell Norway’s B2Holdings ASA €145m of loans as part of its strategy to reduce its delinquent loan portfolio. The deal, subject [...]

Beirut and Nicosia to deepen cooperation, new ambassador says

Lebanon and Cyprus aim to deepen cooperation, according to the new ambassador of Lebanon to Cyprus, Claude El Hajal, who said Nicosia would give assistance to Beirut in the field of exploration and ex [...]

How cryptocurrency has become a legitimate investment option

One of the major concerns about Bitcoin and other cryptocurrencies was whether they would be considered legitimate forms of payment by businesses and other entities. Traditionally, financial instituti [...]

Saipem drillship arrives for exploration in block 6

THE Saipem 12000 deepwater drillship has arrived at the target in block 6 where later this week it is scheduled to commence drilling an exploratory gas well. Energy minister Giorgos Lakkotrypis tweete [...]

Apple faces lawsuits after saying it slows down aging iPhones

Apple Inc defrauded iPhone users by slowing devices without warning to compensate for poor battery performance, according to eight lawsuits filed in various federal courts in the week since the compa [...]

Bitcoin rises 10 pct, recovers from last week’s brutal selloff

Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third from last week’s lows of below $12,000. Bitcoin, the world’s biggest and best-know [...]

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