Global Property Guide downgrades Dubai

Gross rental yields on residential property in Dubai have dropped to an average of 5.52%, significantly down from an average of 7.5% a year ago, according to the latest Global Property Guide

Cyprus’ President concludes visit to Moscow

Cyprus President Demetris Christofias concluded his official visit to Moscow (Thursday), having signed yesterday a joint declaration with the President of the Russian Federation Dmitry Medvedev to develop further bilateral ties and

Cypriot and Russian Securities Commissions sign MoU

Cyprus Securities and Exchange Commission and Federal Financial Markets Service of Russia signed today a Memorandum of Understanding and Cooperation. A press release issued here today, notes that the Memorandum was signed

Latvia ratings downgraded; outlook remains negative

Capital Intelligence has downgraded Latvia’s long-term foreign currency rating to ‘BBB-‘ from ‘BBB+’ and its long-term local currency rating to ‘BBB’ from ‘A-‘. The agency has also lowered the sovereign’s short-term foreign

UK warns on cost of rehashing bank bailouts

British finance minister Alistair Darling said on Tuesday that any renegotiations of last month's 37 billion-pound ($56 billion) bailout package for the country's banks could prove costly for shareholders already angered at