Bank of Cyprus Pcl (BOC) has called on its shareholders attending the Annual General Meeting to reject the proposal submitted by Marfin for cooperation. Bank of Cyprus has been obliged, following court order, to add the request of Marfin Popular Bank, holding 8.19% of the Bank’s share capital calling on BOC shareholders to decide on
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The Board of Directors of Hellenic Bank Public Company Ltd have decided to submit a revised and improved public offer document seeking the acquisition of up to 100% of Athena Cyprus Public Company LtdThe consideration that will be offered is CYP0.361 or EUR0.620, which represents the net asset value of Athena as at March 31,
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The Cyprus Stock Exchange approved the Public Offer Document of ASPIS Holdings Public Company Limited dated April 4, 2007 on its intention to submit a bid for the acquisition of 50% plus 1 share of the issued share capital of Laser Investments Public Limited, and has allowed its publication on May 2, 2007. The consideration
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— Army threat could destabilise economy  Turkey’s lira, bonds and stocks plunged Monday after the military threatened to block the ruling party’s presidential candidate because of his support for Islamist causes. The lira fell 2.5%, trading at 1.37 to the dollar by mid-day Monday. Yields on lira-denominated government debt maturing in February 2009 rose
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— Aims to join shipping ‘big league’  The United Arab Shipping Company, ranked the 23rd biggest in the world with a fleet of 33 cargo vessels and nearly 180,000 containers on the move, aims to join the Top Ten league of shipping companies some day, but multi-billion dollar investments are required to reach that
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Action Global Communications, the region’s leading Public Relations network, celebrates this year its tenth anniversary in the Balkans with an expanding and diverse client portfolio of multinational companies and organisations in its Bucharest, Belgrade and Sophia offices. The agency’s S.E. Europe network also includes the group’s headquarters in Cyprus and offices in Croatia, Albania, Kosovo,
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Cyprus President Tassos Papadopoulos said on Saturday that the government was discussing with Britain the issue of developing properties in the areas west of Limassol, noting that many problems were arising regarding the conditions of this exploitation. Speaking upon his return from an official visit to Slovenia and commenting on press reports that London had
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British Airways was voted “Airline of the Year†by frequent travellers from across the world for the fifth time in the 25-year history of the Official Airline Guide (OAG) annual awards, one of the most valued and respected of all accolades for the airline industry. The airline also clinched the prestigious “Best Europe – Asia/Australasia
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The Emirates Group reported its 19th consecutive year of profit with a new record performance backed by continued double-digit growth. Group net profits increased 23.5% to UAE Dhs 3.5 bln (USD 942 mln) for the financial year ended 31st March 2007, while Group revenue increased by 28.4% to Dhs 31.1 bln (USD 8.5 bln). Emirates
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COMMENT: By Dr Alan Waring  In the 1990s, I advised a number of US, British and Middle Eastern companies in the energy sector on operational risks. A particular problem then was a series of major hazard disasters, both upstream in exploration and production (E&P) and downstream (Refineries and Distribution) as well as seagoing tankers.
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