The Nicosia District Court agreed to issue a temporary injunction, ordering Bank of Cyprus to freeze all efforts to sell its 28% stake in Universal Life Insurance Co. to Aspis Pronia of Greece. The injunction request was submitted by UL CEO Andreas Georghiou who insists that BOC should have honoured a deal giving him first

Louis Cruise Lines announced that its cruise ship, the Ausonia which was involved in a minor accident at the harbour sailed from the port of Patmos, continuing its journey. The go-ahead was given by the port safety authorities and company officials who after a thorough check of the ship, decided that the small accident had

The labour dispute between Arab Bank and the Bank Employees Union, ETYK over the redundancy of at least 68 employees will be tabled before the labour arbitration committee of the Ministry of Labour on July 14. Arab Bank, citing a severe drop in business has already shut a number of branches and wishes to make