Ioannides sells Ocean Tankers rights

Ocean Tankers Holdings Pcl (OCT.CY) announced that its founder and Executive Chairman Michael Ioannides disposed 28.13 mln rights to ship owners and institutional investors, with the amount received to be used for

Cyprus loans up 31.6% by June ‘08

Total loans given to non monetary financial institutions in Cyprus by end of June 2008 surged by 31.6% year-on-year to EUR 46.7 bln and 3% month-on-month from May 2008,  according to the