Cyprus industrial turnover up 3.8% y/y in May

The industrial turnover index for reached 129.8 in May (base 2005=100) according to the Statistical Service, recording an increase of 3.8% compared with May 2010. Industrial production in the same period rose

Egypt to try ex-Mubarak aide for graft

The head of Egypt's anti-graft authority, Assem el-Gohari, has ordered a top aide of ousted President Hosni Mubarak to be tried on charges of corruption and illegal profiteering, local newspapers reported on

Cyprus quarterly GDP growth accelerates in Q2

Annual growth could still exceed 1% Real GDP growth in Cyprus accelerated in the second quarter, according to the flash estimate, growing in seasonally adjusted terms by 0.4% compared with the previous

FIFA reforms not enough, says corruption watchdog

FIFA should limit terms for senior officials, set up an independent group to clear up anti-corruption allegations and “embrace transparency”, corruption watchdog Transparency International (TI) said on Tuesday. TI said that, despite

No power cuts expected in Cyprus on Tuesday

No power cuts are expected on Tuesday, with electricity demand at manageable levels, ever since a munitions blast on July 11 destroyed the island's main power station and plunged the island into