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Turkey violating international law regarding hydrocarbons

Government of Cyprus Spokesman Vassilis Palmas said on Sunday that the Republic of Cyprus was exercising its sovereign rights and conducting investigations in the context of international law and agreements regarding tenders

5th August 2007
Cyprus

UK MPC pausing, not finished, Citigroup report

Citigroup economists doubt that the MPC’s decision to leave rates on hold at the August Inflation Report meeting signals that the tightening cycle is ended. Rather, we expect that, having just hiked

5th August 2007
Business

Ericsson awarded network expansion contract by XL in Indonesia

Ericsson has been awarded an expansion contract by PT Excelcomindo Pratama Tbk (XL) to expand its GSM/GPRS and WCDMA/HSPA in Indonesia. Under the three-and-a-half-year frame agreement, Ericsson will supply both best-in-class 2G

5th August 2007
Business

DigiPhoto offers souvenir service for Toys’R’Us Dubai

DigiPhoto, the Gulf region’s leading  souvenir imaging service provider, has opened its Entertainment Imaging centre at the new Toys’R’Us outlet in Dubai Festival City, providing kids and adults alike an unforgettable shopping and leisure

5th August 2007
Business

Nokia, FIBA create mobile services for global basketball

Nokia and the International Basketball Federation, FIBA, announced their cooperation to create mobile services for FIBA, FIBA Europe, and for some of the most important basketball championship events in 2007. The new

5th August 2007
Business

Egyptian banking system outlook stable, positive medium-term prospects

The outlook for Egypt‘s banking system is stable, reflecting continued progress with the reform programme together with an improving operating environment, Moody’s Investors Service said in its latest Banking System outlook for

5th August 2007
Business

EBRD facility helps entrepreneurs in Serbia

Importers and exporters in Serbia will have more opportunities to finance their foreign trade business under a EUR 2 mln trade finance line granted by the EBRD to Privredna Banka, a small

3rd August 2007
Business

Ratings of UK non-life insurers unaffected by floods, losses at GBP 2.5 bln

The recent UK flood events in late June and mid-July across selected areas of the North of England and South England / Midlands are likely to have no impact on UK non-life

3rd August 2007
Business

Pension obligations still risky for European banks despite lower deficits

Pension obligations continue to represent significant financial risk for certain banks and will continue to require proactive risk management for many years to come, Standard & Poor’s Ratings Services noted in a

2nd August 2007
Business

Moody’s assigns Baa3 first-time ratings to Raiffeisenbank Bulgaria

Moody’s Investors Service has assigned Baa3/Prime-3 long-term and short-term foreign currency deposit ratings and a D+ bank financial strength rating (BFSR) to Raiffeisenbank (Bulgaria) EAD. The BFSR translates into a Baseline Credit

2nd August 2007
Business
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Euro steady despite solid ECB dovish bets

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Oil slides on US-Iran nuclear deal hopes

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