Oil fell towards $56 a barrel on Monday after a meeting of the Group of 20 major economies ended with few concrete proposals on dealing with global recession. News that the Organization
The Cyprus cabinet, meeting under the auspices of President Demetris Christofias announced an “aid package” amounting to EUR 52 mln support the construction and tourism industries, so that they are not affected
Alliance International Reinsurance Public Company Ltd (ALL.CY) announced that following the acquisition by Flagstone Re., the international insurance rating agency A.M. Best has upgraded the financial strength rating (FSR) of the Company
Aspis Holdings Public Company Ltd (ASP.CY) announced that the Company’s Board of Directors will convene on Wednesday, November 26, 2008 at 4.00 pm to examine the consolidated financial statements for the 9-month
Cyprus President Demetris Christofias will sign a total of seven agreements with Russia during his visit to Moscow in what the government has described as “a very important visit” to Russia that
President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat are meeting in Nicosia on Monday, in the framework of direct negotiations held since early September under
The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.
Qatari officials believe that a price of 70-90 dollars per barrel is a fair price for its crude exports as the cost of extracting oil is very high. Speaking in Nicosia after
President Demetris Christofias inaugurated the new Paphos Airport on Saturday and said that Cyprus should attract tourists from Russia, Ukraine and other countries in order to avert or minimise the consequences of
Jonathan Cohen, Deputy Chief of Mission of the US Embassy in Nicosia, presented awards to 18 Cyprus shipping companies for their assistance in the United States Coast Guard’s voluntary search and rescue
