European housing markets are showing clear signs of turning down, bringing downside risk to construction sectors in the region, says a report published by Standard & Poor’s. Titled “Europe’s Housing Markets Fall In Line As Central Banks’ Tightening Filters Through,” the report finds that housing indicators are easing back across Europe, the U.K. being the
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du, the new telecom operator in the United Arab Emirates (UAE), is set to offer Nokia Intellisync Wireless Email to its consumer and business customers in summer 2007. The service is aimed at providing secure, easy-to-set-up mobile email and PIM (personal information management) functionalities for users ranging from individuals to businesses. du is the UAE’s
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Mindware, a leading IT distributor in the Middle East, is partnering with Singapore-based BoxSentry to deliver the first Arabic-enabled version of RealMail, a next generation email authentication technology that enables enterprises to counter a deluge of external and internal attacks to their network, including spam while ensuring delivery of genuine mails. RealMail is aimed at
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The new series of two compact mice has been specially developed by Trust for notebook users. The Wireless Laser Mouse MI-7580Np (www.trust.com/15350) is a compact laser mouse with an attractive, modern design and a high level of accuracy. The mouse feels comfortable in the hand and the rubber coating ensures a good grip. Trust has
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FIFA Vice President, Marios Lefkaritis, has dismissed a call by a Turkish Cypriot football club not to attend next month’s FIFA meeting, which will discuss relations between the world federation on football and Turkish Cypriot clubs. “I represent FIFA and UEFA and it is not up Cetinkaya President to decide who will be present at
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Undersecretary of State at the US State Department, Nicholas Burns, has pledged to use his influence both at the UN and with its European partners for a renewed effort to achieve a just resolution to the Cyprus problem. Recalling that he is due to visit Cyprus next month or October, Burns underlined his country’s support
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Portuguese Minister of Foreign Affairs Luis Filipe Marques Amado arrived in Cyprus on Thursday, on a two-day official visit. The Minister was welcomed at Larnaca Airport by his Cypriot counterpart Erato Kozakou Markoullis. On Thursday evening, Amado, whose country holds the six-monthly rotating EU presidency, will attend a private dinner hosted in his honour by
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Citigroup have lifted their price target on Hellenic Bank Plc (HB) shares to EUR 7.50 from EUR 7.00 previously, which together with the 3.6% dividend yield implies a 61% return compared to current prices of EUR 4.66. In an analysis dated August 23, Citigroup analysts say they first initiated coverage on HB with a Buy
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Laser Investments Public Ltd announced the acquisition of 100% of King Franchises Ltd., the Cyprus franchise holders of Burger King Restaurants in a deal valued at EUR 3.6 mln or CYP 2 mln through a share issue. Laser Investments will issue 9,147,246 new shares of nominal value CYP0.035 and current price of EUR 0.40 per
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The current crisis in the US sub-prime market and the related uncertainty surrounding structured vehicles will not have a direct material impact on European insurers, Moody’s Investors Service said in a new Special Comment issued Friday. Overall, the absolute level of exposure to sub-prime mortgages and non-investment grade Collateralised Debt Obligations (CDOs) is generally low,
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