By Jameel Ahmad, Chief Market Analyst, FXTM The dollar suffered unexpected weakness following reports that President Obama has expressed concern over the strength of the USD. It is highly unusual to hear the US President commenting on the Dollar and traders have just used this as an opportunity to close a few positions after enjoying
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Etihad Airways, the national airline of the United Arab Emirates that operates five flights a week to Cyprus, opened its new offices in Nicosia, inaugurated by Energy, Commerce and Tourism Minister Yiorgos Lakkotrypis. Also present at the ribbon-cutting ceremony were Etihad’s Vice President Europe, Joost den Hartog, the UAE Embassy’s Attaché Ammar Omar Al Breiki,
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The three partners in the first natural gas offshore field south of Cyprus have declared the 8 bcm a year project as “commercially viable”, ending speculation of the size of reserves discovered and moving on to the next stage of exploitation, possibly through a pipeline to Egypt, after the island shelved its plans for a
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Sunday’s elections in Turkey resulted in a major setback for President Recep Tayyip Erdogan, an Islamist who had steadily increased his power and was hoping to get a clear mandate to change the system from a parliamentary to a presidential executive. With his dream turning to a nightmare, Erdogan’s ruling Justice and Development Party (AKP)
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. By Oren Laurent President, Banc De Binary CNBC’s David Faber reported last week that Salesforce rejected a $55 bln takeover bid from Microsoft. Founded in 1999, Salesforce has built a vast network of clients for its information management software systems. As we enter a new era, where computers handle most of our analytical thinking,
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. Before we can even start talking about resolving the Cyprus problem, or even the prospects of extracting low-cost energy from the offshore natural gas fields, those in power ought to get their blinkers off and start bringing about change, especially as regards attitudes, based on the bottom-up model and not the top-to-bottom schematic. We
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. By Mariana Antonescu Tourism has been the leading growth sector in Cyprus since 1980 and now constitutes the backbone of the economy. At present, the island hosts more than 2 mln tourists every year, according to a 2015 Cyprus Tourism Market Report conducted by KPMG. At the same time, the number of people who
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Female millennials are set to play a critical part in the future growth of financial services, according to a PwC report on “Strategies for a new era of talent.” The report found that financial services firms that do not possess the attributes these discerning women (born between 1980 and 1995) seek or, offer a clear
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The Ministry of Finance has notified the Bank of Cyprus that the government will repay €750 mln towards a €1.9 bln bond held by the bank issued for the recapitalisation of Laiki Popular Bank that was transferred to Bank of Cyprus in March 2013, following the acquisition of certain assets and liabilities of Laiki. The
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By Jameel Ahmad, Chief Market Analyst, FXTM After snapping an aggressive seven-day losing streak, any hopes for the Cable to rebound significantly ended sharply following an unexpected Services PMI miss from the UK economy. Although a Services PMI at 56.5 still represents robust expansion, the major concern with this reading is that it has been
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