Moody’s Investors Service has raised the outlook on three Jordanian banks’ long-term foreign currency deposit ratings from ‘negative’ to ‘stable’. This follows Moody’s earlier announcement, changing the outlook on Jordan’s sovereign ratings and country ceilings to stable from negative. The affected banks are Arab Bank plc, with total assets of JOD 17.8 bln (USD 25
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The removal of a footbridge erected by Turkish forces within the UN-controlled buffer zone at the end of Ledra Street should not be seen as a retreat or concession on behalf of the Turkish side, neither should they be applauded as a gesture of goodwill, a senior government official said Tuesday. Government spokesman Christodoulos Pashiardis,
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The Financial Mirror has reached an agreement with Greece’s premier financial news site, www.euro2day.gr, for the exclusive use of business and economic news from Greece and other markets within the Greek-language supplement, ΧÏήμα & ΑγοÏά. The weekly special, appropriately named “Sophocleous”, will start with a 4-page section and will be extended in due time. It
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Cypriot tennis player Markos Baghdatis beat Czech Jan Hernych 2-1 set (6-4, 6-7, 6-3), in the second round of Sydney International men’s singles. In the first match, the Cypriot champion beat Latvia’s Emests Gulbis 2-0 set (7-6, 6-1).
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Cyprus‘ top athletes were honoured Tuesday night at a special ceremony, organised by the Sports Writers’ Association. Tennis player Markos Baghdatis was elected 2006 best athlete in men’s sports events for his international career. The trophy was received by his mother Antri Baghatis because Markos is currently in Australia playing in Sydney International men’s singles.Andri
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Venezuela’s financial markets tumbled after President Hugo Chavez promised to nationalise the biggest phone and power companies. The Caracas Stock Exchange closed nearly 19% down, with bonds also lower, amid fears that the meltdown, also felt in Turkey and Thailand may spread to other emerging markets. Telecoms firm CA Nacional Telefonos (CANTV) was suspended from
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The Cyprus Energy Regulatory Authority (CERA) has granted a licence to the Norwegian consortium Golar Energy to construct and operate a floating unit at the Vassiliko area that will operate with natural gas. The floating unit’s production capacity would reach 240MW, which represents 30% of the current production capacity of the Electricity Authority of Cyprus
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Panda Software’s weekly report on viruses and intruders looks at the Gagar CC and Mitglieder.LX Trojans, and the RaHack.BB worm. Gagar CC is a Trojan that connects to a certain IP address and downloads another Trojan called Alanchum.MU. The latter, in turn, downloads the following malware onto the infected computer: * Duel.A: This worm uses specific techniques in its code
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Nokia has introduced a trimmer fold model to its Nseries line up, the N76, a new multimedia computer that brings the complete Nseries experience to a sleeker body, with little compromise. With the N76 multimedia computer, technology and design come together to create a revolution in design for a multimedia computer. “We did not want
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Apple Inc., the household communication company that has dropped the Computer from its name, announced at the San Francisco MacWorld Expo that it will introduce the much-awaited iPhone later this year. Steve Jobs, the company’s guru CEO, who revived Apple with the new range of iMacs and the market-stopper iPod MP3 and video player, told
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