Cyprus Attorney-General George Savvides appointed a four-member investigating committee on Monday to look into all citizenships granted to foreign investors since 2007 when the maligned scheme was launched. Savvides appointed the former president of the Supreme Court Myron Nicolatos as head of the committee with former top judge Costas Pambalis, deputy auditor-general Kyriacos Kyriacou and
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British High Commissioner Stephen Lillie and Lieutenant Junior Grade Anastasios Paraskevopoulos from the Joint Rescue and Coordination Centre (JRCC) Larnaca paid tribute to the close working relationship between the UK and Cyprus after a successful search and rescue exercise. The exercise off Limassol, led by the JRCC Larnaca, saw assets from the Republic of Cyprus
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Authorities in the Turkish occupied north of Cyprus have tightened restrictions on visitors from countries of high risk regarding the spread of coronavirus, introducing quarantine periods of seven to 14 days. Turkish Cypriot authorities reported 40 more COVID-19 cases during the weekend with Saturday recording the highest number of coronavirus infections since the outbreak in
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The Cyprus Fire Service has taken delivery of a pair of brand-new Panther PA146 fire fighting vehicles costing €1.3 mln from Austrian manufacturer Rosenbauer, deployed at the Larnaca airport station. The six-wheel Panthers, similar to models used at leading airports in the world, were tested and already used in a simulated exercise. The two new
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Cyprus’ Meteorology Department has issued yet another yellow warning for “extreme heat” but this time for the usually cooler mountain areas where maximum temperatures will soar to 32°C on Monday. Cyprus is having respite from temperatures well over 40°C with Friday being the hottest day ever recorded on the island with a scorching 46.2°C in
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Cyprus is on the alert after boats from Lebanon located off the island’s coast loaded with Lebanese and Syrian migrants tried to gain entry. At least five boats were spotted by authorities over the weekend and the Interior Ministry is holding an emergency meeting on the situation on Monday. Police said Sunday that four vessels
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Russian Foreign Minister Sergey Lavrov will pay an official visit to Cyprus at a time of heated confrontation in the eastern Mediterranean while Washington pulls Nicosia closer. Cyprus Foreign Ministers Nikos Christodoulides and Lavrov are expected to discuss bilateral relations, the Cyprus problem, the situation in the Eastern Mediterranean, relations between EU and Russia and
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By Hussein Sayed, Chief Market Strategist at FXTM Equity markets are showing some signs of stabilisation following two brutal days late last week which dragged the S&P 500 and the tech-heavy Nasdaq 100 down by 4.3% and 6.4%, respectively. There was no specific trigger to the selloff but after extreme bullishness driven by monetary and
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The profitability of asset managers in most Gulf Cooperation Council (GCC) countries will face moderate to high pressure over the next 12-18 months, reflecting the coronavirus crisis and an accompanying drop in oil prices, Moody’s Investors Service said in a report Monday. “The sector’s relatively low geographic and product diversification and regional geopolitical tensions will
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The Cyprus health authorities announced two new cases of SARS-CoV-2 on Sunday, both foreign nationals living in Cyprus and both asymptomatic. This raises the total of Covid-19 infections to 1,509, with the new cases dwindling in numbers and remaining in single-digit figures. The ministry of health said the two cases were discovered from 2,150 tests.
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