Dollar steadier; oil, gold off peaks

The dollar found a steadier footing on Thursday after having slumped to a record low against a basket of currencies, and both gold and oil took a breather as investors cashed in

Demetra stages massive rebound

Demetra Investments (DEM), Cyprus’ largest investment fund now diversifying into new investment opportunities staged a spectacular rebound in results, reporting CYP 14.33 mln in net profit for 2005, compared to a loss

Saudi Arabia’s sovereign ratings raised

Capital Intelligence, the international rating agency, has raised Saudi Arabia’s long-term foreign currency and local currency ratings to AA- from A+ and its short-term foreign- and local-currency ratings to A1+ from A1.