PandaLabs warns of mass-mailing of false job offers

PandaLabs has detected the mass-mailing of messages with lucrative job offers, aimed at recruiting ‘mules’. In Internet slang, ‘mules’ are people used to launder stolen money, mainly originating from phishing or other online fraud.

KIB launches $5 bln commercial programme

First Cypriot issuer of US commercial paper   Kommunalkredit International Bank Ltd. (KIB) has become the first Cyprus-based bank to launch a USD 5 bln US Commercial Paper Program, the biggest ever

Cyprus enjoys full employment conditions

The publication of the latest Labour Force figures, showing that the unemployment rate fell sharply to reach 4.1% of the labour force in the second quarter of 2006, compared with 5.4% in

How High can the CSE go?

By Dr.Jim Leontiades Cyprus International Institute of Management   It was not so long ago (last September) that I wrote an article about the “Summer Doldrums” of the CSE. After an upward

Court ruling sets higher governance standards

By Michael S. Olympios Chief Consultant Allied Consultants   In an extraordinary development earlier this month a New York state court delivered one of the most outspoken rulings both for boards and

EMED Mining in new share issue

Cyprus-based EMED Mining Public Ltd (formerly Eastern Mediterranean Resources) has placed up to 20,850,000 new ordinary shares of 0.25 pence each at a price of 8.5 pence each with existing and new

Emirates adds Hamburg-New York

Emirates’ launch of the Dubai–Hamburg–New York flight on Sunday received a rousing welcome at Hamburg Airport on the same day that the airline marked the launch of its five weekly flights to Tunis,

Cyprus growth satisfactory

The Cyprus economy recorded a satisfactory growth in 2006 despite the increase in oil prices, according to the Ministry of Finance (MoF). A Ministry report pointed out that GDP growth rate in

Liberty acquires Aspis

The Board of Directors of Liberty Life Insurance Pcl (LIB) approved the final proposal towards the shareholders of Aspis Pronoia Cyprus Insurance Company Ltd for the acquisition of 100% of the Company.