Israeli Energy Minister Karine Elharrar is in Cyprus for direct talks with her Cypriot counterpart, Natasa Pilides, to resolve a dispute over exploiting a joint gas reservoir. The meeting takes place after failed attempts by companies tasked by the two governments to reach an understanding over the “Yishai” natural gas field, which is adjacent to
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A decision by Washington to lift a decades-long arms embargo imposed on Cyprus means the country is better defended but not a threat to anyone, said Foreign Minister Ioannis Kasoulides. He said it is a “positive development” that highlights the good relations between Cyprus and USA. Kasoulides is in New York, where appointing an envoy for
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The partners in exploiting Cyprus’ Aphrodite gas field have approved a $192 million investment to begin drilling and cover other development costs for the offshore project, Israeli firm NewMed Energy said. Most of the investment is for drilling a well that will first confirm the size of the gas deposit, estimated to be 124 billion
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Over the years, tech giant Amazon has acquired or invested in more than a hundred companies, helping diversify its core revenue and moving deeper into several sectors. After the company announced it’s making a new push into healthcare with its $3.9 bln acquisition of One Medical, the price tag of Amazon’s biggest takeovers got even
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We are wanton to believe that justice exists to protect the weak from the strong, law-abiding citizens from the rule breakers. An idea of natural justice among us boils to the surface when a public scandal or unspeakable crime is uncovered. Once we lose our sense of justice being done, that right is always greater
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It was back to primary school for children after the gymnasiums and lyceums opened last week, with politicians and wannabe presidential candidates blurting out bright ideas about education reform. This is the first school year post-Covid, as students return to some sense of normalcy, picking up where they left off, with buildings needing repair and
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For years, companies have struggled to create a positive image that can help them win business and talent. Reputational capital can also serve in times of adversity, but also when the choice of a potential client is not just the cheapest offer but an offer that can bring value if it comes from a responsible
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The abrupt increase in the cost of living is becoming unbearable for an ever-growing number of Cypriot families, who are turning to charitable organisations to meet their basic needs. Limassol-based charity Yellow Line sent a record number of aid packages to families in August. Talking to the Financial Mirror, a volunteer at the Yellow Line
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A Cypriot start-up is going global, as its idea for an all-in-one pet care application is set to take the animal-loving community by storm. Nicosia-based 11Pets has attracted funding to take its mobile application to the next level, convincing Gain Venture Studios (GAIN) to increase its participation, becoming a majority shareholder. Talking to the Financial
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Among the difficulties the Republic has, and apart from the unforgiving bureaucracy, there are increasing problems in awarding public tenders for infrastructure and other projects. Each government tries to promote infrastructure projects that help the greater economy, various communities and rural areas with better access and facilities, increasing their development prospects for the benefit of
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