The UAE-Cyprus Business Forum was held recently in Sharjah to explore strategies aimed at enhancing bilateral trade, investment and tourism between the two countries. The event was organised by the Sharjah Chamber of Commerce and Industry (SCCI) in coordination with the Cyprus Chamber of Commerce and Industry (KEVE), the Cyprus Ministry of Trade, Industry and
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Olli Rehn, the EU Enlargement Commissioner, will visit Cyprus next month, and most probably on the 12th or 13th of February, 2009, Cyprus Foreign Minister has announced. Marcos Kyprianou said that he had a tet-a-tet meeting with Rehn, a few days ago, in the framework of the EU Council of Foreign Ministers in Brussels. During
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British house prices fell 1.3 percent in January, making the average home worth 16.6 percent less than a year earlier, the biggest annual fall on record, data from mortgage provider Nationwide showed on Thursday. The monthly drop was slower than the 2.5 percent recorded in December and slightly less than economists polled by Reuters had
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By Andy Sullivan When Republican Party insiders pick a new leader on Friday, he will have to be more than just a nuts-and-bolts manager by rallying the faithful after two disastrous elections that transformed U.S. politics. With Democrats now in control of the White House, Congress and many states, the Republican National Committee chairman will
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New Zealand's central bank slashed interest rates sharply to a record-low, but pointed to less dramatic moves ahead, hoping that a raft of global stimulus packages could help revive an economy facing its worst recession on record. The Reserve Bank of New Zealand cut its benchmark rate by 150 basis points to 3.5 percent, and
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Asia stocks and the dollar climbed on Thursday as investors took heart from the U.S. Congress making headway on a $825 billion stimulus spending package and other efforts to stem the financial crisis. Government bonds slid, with the benchmark 10-year U.S. Treasury yield hitting a six-week peak after the Federal Reserve shied away from buying
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A Turkish prosecutor said he had opened an investigation into an actor who said he killed a Greek Cypriot prisoner-of-war during Turkey's 1974 invasion of Cyprus and then retracted his comment. There has been public anger in Cyprus over the remarks by Turkish actor Atilla Olgac, who said in a television interview last week he
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The number of building permits authorised in Cyprus rose by 1% year on year in November, to 826, compared with 818 in November 2007. The value of building permits increased by considerably more, rising by 39% to EUR 301 mln compared with EUR 217 mln in the same month of 2007. Similarly, the area of
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The UN Secretary General's Special Representative in Cyprus Taye Brook Zerihoun said on Wednesday, after a meeting between the leaders of the two communities in Cyprus, that the leaders exchanged papers, which put down the principles that will guide their discussions on property. He added that the leaders will meet again on the 4th of
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The leaders of the two communities in Cyprus, President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, held their 17th meeting on Wednesday, in the framework of the UN-led direct negotiations, which began last September with a view to reach a solution of the Cyprus problem. Asked how the
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