Brussels — The European Commission has started social allowance payments to those in urgent need in the Palestinian Territories. This means that all three elements of the Temporary International Mechanism (TIM) developed by the European Commission, at the request of the European Council and of the Middle East Quartet (EU, US, UN and Russia), are
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The euro held steady near a six-week high against the yen and hugged tight ranges against the dollar on Friday ahead of a closely-watched U.S. payrolls report which could shed light on the interest rate outlook. The fact that the euro failed to break higher despite Trichet indicating an October rate hike and suggesting a
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Woolworth (Cyprus) Properties Public Ltd., has decided to halt negotiations with a European investment company with respect to possible sale of majority control that the group holds in ITTL Trade Tourist & Leisure Park Ltd., which is the owner of the Shacolas Emporium Park, housing «The Mall of Cyprus». The Board of FWW is currently
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Andreas Petsas and Sons Pcl (PET) issued its first half results posting a net profit of CYP 311k compared to CYP 120k a year ago in the same period. EPS was recorded at 0.89 cent compared to 0.34 cent. The Company’s BoD approved a dividend payment of 1.3 cent per share to all shareholders registered
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Logicom Pcl (LOG) announced that net profit during the first half of 2006 amounted to CYP 2.12 mln, up by 72.8% YoY compared to CYP 1.22 mln a year ago and CYP 1.5 mln for the whole of 2005. EPS were up at 3.43cent even though the company announced that based on an annualised basis
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Cyprus Trading Corp. Pcl (CTC) reported that net profit in the first half of 2006 jumped 166% to CYP 2.07 mln with EPS up at 2.05 cent from 1.02 cent before, on the back of higher revenues from the Group’s operations and the increase in the profitability from investments in associated companies. Revenue increased by
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Joseph Stephanides, of Cypriot origin, has been appointed head of the Addis Ababa office of the UN Mission in Ethiopia and Eritrea, Stephane Dujarric, spokesman for UN Secretary-General Kofi Annan has said. The spokesman noted that the appointment was effective as of 15 August 2006. In June 2000, after two years of fighting in a
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Cyprus state carrier, Cyprus Airways, posted a first-half net loss of CYP 23.32 mln compared to a loss of CYP 20.4 mln during the same period last year. According to the consolidated results of the 2006 first-half announced by the Cyprus Airways Group, the total revenue of the Group, reached CYP 86,8 mln for the
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