Dubai buys MPB stake in MIG

Marfin Popular Bank announces that according to a sale agreement, the Dubai Financial Group will acquire from Marfin Popular Bank 53.532.184 shares of Marfin Investment Group (6,45%) at the price of 7

Eurobank EFG Cyprus receives official licence

The Central Bank of Cyprus granted on 4 February 2008 a banking business licence to “Eurobank EFG Cyprus Ltd”, a subsidiary of “EFG Eurobank Ergasias S.A.” which is based in Greece. EFG Eurobank Ergasias

Church of Greece elects moderate as Archbishop

Greece’s Orthodox Church elected a moderate and popular bishop, Metropolitan of Thebes Hieronymos, as its new head on Thursday. Hieronymos, who was also a candidate 10 years ago against the late Archbishop

Turk Cypriots warily eye Greek poll

By Gareth Jones Turkish Cypriots are anxiously awaiting the outcome of an election this month in the Greek Cypriot government controlled areas that could cement partition of the Mediterranean island they share

Corporate profit concerns drive shares down

By Natsuko Waki LONDON, Feb 7 (Reuters) – World stocks hit a two-week low on Thursday after disappointing results from Wall-Mart and warnings from major technology firms intensified concerns a slowing U.S.

BoE cuts UK rates but warns on inflation

The Bank of England cut interest rates on Thursday in an attempt to shore up the British economy during the global credit squeeze, but policymakers are clearly concerned that inflation remains a

Larnaca cruise hub bids after Cyprus elections

— €3 bln investment for port, marina, hotels   A decision is imminent on which of the three international consortia will undertake the massive development to transform the port of Larnaca into