Cyprus Defence Minister Savvas Angelides is in Rome to hold talks with Italian counterpart Lorenzo Guerini on developments in the Eastern Mediterranean region including Turkey’s illegal activities within the island’s Exclusive Economic Zone (EEZ). A statement said, “the two ministers will also discuss ways of further strengthening and enhancing the two countries` relations, placing an
More
By Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM The Disney story represents a fairy tale of its own that has captured the hearts of generations for close to a century. The Walt Disney Company has also enjoyed a 2019 full of achievements, from completing the acquisition of 21st Century
More
Cyprus’ reputation as a film location is at stake after Hollywood producers said they may rethink plans for shooting another six films on the island due to difficulties faced with the government’s incentive scheme. Producers of Jiu Jitsu, filmed entirely in Cyprus, said they had to knock on several doors to get financing, after being
More
For a country that doesn’t even employ goal-line technology, the Cyprus FA is taking a leap of faith in its determination to introduce the highly controversial Video Assistant Referee system next season. The reasoning behind it seems very sketchy as the Cyprus FA doesn’t exactly have a world-standard product to preserve neither has it packaged
More
By Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM From its humble beginning as a bookseller to the renowned international technology giant that it is today, Amazon has weathered a global financial crisis and managed to briefly become only the second company to pass a market cap of $1 trillion,
More
It is worrying that despite establishing a plethora of alliances with our neighbours, to safeguard natural resources and (possibly) the island’s defence, there is no clear strategy on Cyprus’ role in maintaining regional stability. Dogged by the open-ended efforts to resolve the island’s conflict and division that has entered its 46th year, there will be
More
By Lukman Otunuga, Senior Research Analyst at FXTM The themes moving Oil prices in 2019 revolved around geopolitical tensions, the US-China trade war, oversupply fears and concerns over slowing global growth. Despite all the conflicting forces, WTI Crude and Brent concluded the year on a positive note, gaining roughly 27% and 24%, respectively. Deeper production
More
Online food deliveries are rapidly growing with €40mln worth of orders placed online last year as the market has been boosted by aggregator platforms which have also seen their business grow. Online platforms argue that they have seen their business soar, while some 900 restaurants which placed their menu on such platforms have seen their
More
By Antonis Loizou There are numerous high-quality homes around Cyprus for around €1.5-€5 mln (plus), whose main interest comes from the foreign market since by local standards this is a considerable amount for such an investment. Approximately 60% of the Cyprus real estate demand comes from foreign buyers (i.e. non-EU countries) mainly comprising of Russia,
More
By Han Tan, Market Analyst at FXTM Most Asian stocks are seeing out the week on a positive note, after the S&P 500 notched up a new record high. Despite the recent US and Iran airstrikes, risk appetite has been largely restored, with USDJPY advancing some 1.3% so far this week, while Gold has erased
More
