Moody’s drops Lebanon rating to ‘negative’

Moody’s Investors Service has lowered the outlook on Lebanon‘s B3 foreign currency government bond rating to negative from stable due to the ongoing deterioration in the country’s domestic political environment following the

The end of rubber stamping

By Michael S. Olympios Chief Consultant Allied Business Consultants In the old days, directors might approve a business plan within hours of hearing it. They saw themselves as sounding boards, not overseers

The legacy of Milton Friedman

By Michael S. Olympios One of the greatest economic thinkers of our time Milton Friedman died last week on November 16th at the age of 94. A half century ago, Milton Friedman’s

Greek Cypriots reply positively to Gambari

Cypriot President Tassos Papadopoulos said on Sunday that the Greek Cypriot side had replied positively on Friday to a letter sent to the leaders of the two communities in Cyprus by UN

Armenian President to visit Cyprus

Armenian President Robert Kocharian will be holding an official visit to Cyprus in November, at the invitation of Cypriot President Tassos Papadopoulos. Government Spokesman Christodoulos Pashiardis said Kocharian’s visit is scheduled for

Cyprus National Guard Chief to visit Russia

National Guard Chief of Staff Lieutenant General Constantinos Bisbikas will pay an official visit to the Russian Federation, from November 21-25, at the invitation of the first deputy minister of defense and