WTI edges up to $78.50 after Israeli strike on Rafah
West Texas Intermediate (WTI) crude oil was up slightly and hovering around $78.50 a barrel in Asian trading on Tuesday, following Israel’s strike on Rafah in Gaza. Meanwhile negotiations for a ceasefire continued without resolving. According to Reuters, Israeli forces targeted Rafah on Gaza’s southern edge
The GBPUSD pair continues its winning streak for the fourth consecutive day, trading around 1.2550 in Asian markets on Monday. The Sterling-Dollar
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See All »Nicosia rejects Chevron’s improved omtimisation plan Cyprus has chosen to play hardball with the partners of the country’s first gas discovery, the 3.5 tcf Aphrodite offshore gasfield, made back in 2011,
Read MoreIt’s been 20 years since Cyprus joined the major eastward enlargement of the European Union, firmly becoming an integral part of the
Projects worth €100 mln over the next few years Positive messages about the prospects of Larnaca and the certainty that the
The European Union unveiled a €1 billion economic aid package for Lebanon in exchange for the country slowing migration flows, especially amid
Business
See All »Ioannis Mavridis, Cablenet’s financial boss for the past four years, is being promoted to CEO as of July 1, replacing Yiannos Michaelides who is stepping down after four years at the helm and will remain a consultant until the end
Read MoreLimassol port has seen a 75% rise in wheeled cargo traffic ever since DP World Limassol took over its operation in 2017,
Hellenic Bank’s takeover of CNP Assurances’ regional operations, allowing it to dominate the local insurance market is a credit positive, according to
€182 mln takeover to boost life and general market share to 30% and 23% Hellenic Bank is set to dominate the
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Oil prices are trading down because of disappointing economic data, as traders lose hope that the Fed will lower interest rates anytime soon, as a well as due to a rise in
MoreNicosia rejects Chevron’s improved omtimisation plan Cyprus has chosen to play hardball with the partners of the country’s first gas discovery, the 3.5 tcf Aphrodite offshore gasfield, made back in 2011,
MoreThe West Texas Intermediate (WTI) crude oil price snapped its losing streak, trading around $78.20 a barrel in the Asian session on Monday, after Saudi Arabia raised June crude prices for most
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See All »Oil prices are trading down because of disappointing economic data, as traders lose hope that the Fed will lower interest rates anytime
It’s been 20 years since Cyprus joined the major eastward enlargement of the European Union, firmly becoming an integral part of the
The sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the
By Athena Danou While this wasn’t my first participation in the Christodoula March, it was probably the first time I left the
Cypriots are being squeezed out of the property market as they can’t afford climbing rents. Hiking construction costs and interest rates are
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Energy
See All »The West Texas Intermediate (WTI) crude oil price snapped its losing streak, trading around $78.20 a barrel in the Asian session on Monday, after Saudi Arabia raised June crude prices for most regions. The Saudi kingdom increased the Official Selling Prices (OSPs)
Read MoreNicosia rejects Chevron’s improved omtimisation plan Cyprus has chosen to play hardball with the partners of the country’s first gas discovery,
Oil prices are trading down because of disappointing economic data, as traders lose hope that the Fed will lower interest rates anytime
The benchmark Western Texas Intermediate (WTI) was trading around $79.20 on Thursday, as the black gold edges lower to the lowest level in seven
World
See All »West Texas Intermediate (WTI) crude oil was up slightly and hovering around $78.50 a barrel in Asian trading on Tuesday, following Israel’s
MoreThe GBPUSD pair continues its winning streak for the fourth consecutive day, trading around 1.2550 in Asian markets on Monday. The Sterling-Dollar
MoreThe West Texas Intermediate (WTI) crude oil price snapped its losing streak, trading around $78.20 a barrel in the Asian session on
MoreNicosia rejects Chevron’s improved omtimisation plan Cyprus has chosen to play hardball with the partners of the country’s first gas discovery,
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See All »Limassol port has seen a 75% rise in wheeled cargo traffic ever since DP World Limassol took over its operation in 2017, processing around 60,000 multipurpose RoRo units (roll-on/roll-off) last year alone. Over the past six years the number of
Read MoreThe sixth Leading Maritime Cities survey released this week declared Singapore as the world’s premier shipping centre. Not surprisingly so, considering the
Ticket sales have skyrocketed for the Daleela passenger and car ferry that will resume its Limassol to Piraeus sailings from the end
Elementary schools in Cyprus have adopted 1,000 ships in almost two decades, as part of an international awareness campaign initiated by the
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Life & Society
See All »The European Union unveiled a €1 billion economic aid package for Lebanon in exchange for the
By Athena Danou While this wasn’t my first participation in the Christodoula March, it was probably
All archaeological sites and monuments operated by the Department of Antiquities will offer free entry on
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Marking World Stray Animals Day, authorities on Friday announced plans to enhance and expand a dog