The Cyprus government has offered medical assistance to Lebanon that is struggling to cope with the aftermath of the deadly blast in Beirut port on Tuesday afternoon, that has left 80 dead
Two massive explosions in the Lebanese port of Beirut Tuesday afternoon were seen from the coast of Cyprus, some 207kms away, and heard inland from the capital Nicosia. The explosion decimated the
Moody’s Investors Service has downgraded the Government of Lebanon’s issuer rating from Ca to C, without any outlook to the rating, as losses for bondholders now exceed 65%. According to the rating
By Josep Borrell Five years ago this week in Vienna, the E3/EU+3 (China, France, Germany, the Russian Federation, the United Kingdom and the United States, along with the European Union’s High Representative
The credit quality of real estate companies in the United Arab Emirates will erode on the back of the double hit from coronavirus and the oil price slump, Moody’s Investors Service said
Banks in the Gulf Cooperation Council (GCC) region will see their profits fall this year as economies shrink amid the coronavirus outbreak and lower oil prices, but have adequate capital underpinning their
The European Union and the European Bank for Reconstruction and Development (EBRD) are providing some €61 mln in ‘green finance’ to support green, innovative investments in Egypt, Morocco and Eastern Partnership countries
The European Bank for Reconstruction and Development (EBRD) is reinforcing its support for the Egyptian economy with $300 mln of fresh facilities to two leading banks in Egypt to support businesses and
The outlook for Lebanon’s banking system has changed to negative as business activity stalls and the economy slides into paralysis, while the government defaulted on foreign debt payments last month, Moody’s Investors
Cyprus authorities brought 87 irregular Syrian migrants safely to shore after their wooden boat was picked up by radar sailing 20 nautical miles off the island’s south-eastern coast, police said Monday. A