Bank of Cyprus has rejected a triple takeover bid by Texas-based investment fund Lone Star, with the last offer valuing the deal at €727.25 mln, almost 50% above the bank’s current market
Disney+ is quickly becoming a significant player in the streaming wars, as the platform has grown its market share from 136 million subscribers to 152 million in the last year, an increase
Saudi Arabia’s state-owned energy corporation, Saudi Aramco, has highlighted the huge earnings made by gas and oil-rich nations during the energy crisis after reporting revenues of $48.4 billion in the third quarter,
Leading Russian bookmaker, Fonbet is making a comeback in Cyprus sports with exclusive sponsorship deals it sealed with five top-flight football clubs, including well-supported Anorthosis Famagusta. Already active in Cyprus for the
Delivery companies and supermarkets are adjusting their business model by introducing new services, including own-store operations catering to online and from-home shoppers. AlphaMega Hypermarkets has continuously gained ground in the retail market
In July, Cyprus Airways carried over 59,000 passengers (+212%) and operated 429 flights (+207%) over the same period last year despite European airport staff shortages. Average seat load factors for the month
Encouraged by their improved profits in 2021, one of the island’s largest retail chains, Jumbo, is gearing up to open a second mega store in Nicosia, the sixth in Cyprus. Reportedly, Greek-owned
Cyta participates in the $850 mln East Med Corridor (EMC) submarine cable system that ensures digital connectivity following an agreement signed in Athens. It said the East Med Corridor (EMC) is “a
Tesla’s Model Y was the fastest-selling used car in America in June, according to a StockApps.com analysis that found that the vehicle took an average of 24.9 days to sell. Model Y’s
Louis Hotels, owner and operator of 26 properties in Cyprus and Greece, offers a 15% discount for last-minute bookings at two of its 5-star hotels in Limassol and Paphos. Guests who book
