as the Cyprus SEC loses credibility  The Cyprus Supreme Court has overturned a previous decision of the Cyprus Securities & Exchange Commission in the takeover saga between Marfin Popular Bank and Piraeus going as far as saying that the SEC is not entrusted in deciding which takeover bid ranks as first and in imposing
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Morgan Stanley & Co. International notified the Cyprus stock exchange that it has continued increasing its stake in Marfin Popular Bank (MPB). Following its previous notification that on January 17, 2007 it purchased 699.911 shares of MPB, lifting its stake from 5.12%, the investment powerhouse confirmed additional purchases. Specifically, it purchased 232.788 shares on Jan
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Nokia announced that more than 750 mobility, business voice and security companies worldwide have joined the Nokia for Business Channel Program since its introduction three months ago. Representing the industry’s most complete ecosystem for delivering open mobility solutions to businesses, this multi-channel distribution network is key to serving business customers through both operator and IT
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Dubai eGovernment has signed an agreement with Dubai Municipality to offer eLearning courses to municipality staff through the eLearn channel in order to enhance and accelerate daily transactions between Dubai Municipality and local residents. As per the agreement, Dubai eGovernment will provide eLearning and electronic training curriculum to the municipality staff via personal computers or
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Identity theft is on the rise with keylogging Trojan software often forming the weapon of choice for would-be fraudsters, The Register reported. According to a new study, the number of keylogging malware packages increased 250 percent between January 2004 and May 2006. The number of phishing attacks tracked by the Anti-Phishing Working Group multiplied 100-fold
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The US supports the easing of the ”economic isolation” of Turkish Cypriots as a way to reduce disparities between the Greek Cypriot and Turkish Cypriot communities, and thereby facilitate reunification of the island, a State Department press release said. Asked to comment on the text adopted by European Union Foreign Ministers saying that ”work aiming
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Flows of illegal immigrants reach the Republic of Cyprus’ government controlled areas, a development that has been described by the Chief of the Cyprus Police, Charalambos Koulentis, as very serious. Illegal immigrants from Bangladesh, Afghanistan, Pakistan, Iran, Iraq and Syria, reach the Turkish occupied areas of Cyprus, via Turkey, Koulentis said, adding that these people
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Cyprus Foreign Minister George Lillikas left for Paris to participate in a special donors conference for Lebanon.It is expected that states will pledge additional funds toward Lebanon‘s reconstruction as well as the reduction of its public debt.Cyprus Council of Ministers approved earlier this month the contribution by the Republic of Cyprus of 100 thousand Cyprus
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Cheaper to rent but at a lower yield – Limassol most expensive to buy  High rewards await property investors in some parts of Europe, according to the Global Property Guide, a residential real estate research organization. Rental yields for apartments in several Eastern European capitals are above 10%, while rental apartments in Limassol are
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Supreme Court ruling awaited on MPB Â The 8.2% stake held by Piraeus Bank in the share capital of Bank of Cyprus was the subject of intense discussions Tuesday night between the two banks as it is obvious that this is the key to the various takeover scenarios involving the two banks and Marfin Popular
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