Defence Ministers of Cyprus, Greece and Egypt said they have entered a new era of geostrategic cooperation as the emergence of new security threats in the region requires their joint threat assessment. This was the message in a joint statement after an Athens summit issued by Greek National Defence Minister Nikolaos Panagiotopoulos, Cyprus Defence Minister
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By Han Tan, Market Analyst at FXTM The Dollar index (DXY) has gained 0.7% so far this week, briefly breaching the 98.0 psychological mark before easing from its highest levels in nearly three weeks. The DXY continues to demonstrate its resilience against its major peers, strengthening against all G10 currencies, and has erased its losses
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Moody's Investors Service has downgraded the Government of Lebanon's issuer ratings by a notch from Caa1 to Caa2 and remain on review for downgrade since the country’s economic, social and political crisis has further intensified from the start of October. The rating agency said that the downgrade “reflects the increased likelihood of a debt rescheduling
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Eni and Total were not scared off from block 7 due to Turkish threats but decided there were more interesting and mature targets to tackle first, said Cyprus Energy Minister Yiorgos Lakkotrypis. The Minister was responding to reports the consortium of energy companies Italy’s Eni and France’s Total were withdrawing from block 7 of Cyprus’
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Cyprus’ First Division features the most expatriate footballers of 31 European leagues while it has the second-highest average squad age and huge player turnover, according to a new survey. A survey conducted by the Football Observatory of the International Centre for Sports Studies (CIES), reveals that Cypriot clubs prefer to make short-term investments for quick
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Turkey has announced it will carry out five drills for oil and gas next year including areas off Turkish-occupied north of Cyprus. According to Ankara’s official programme the target is to carry out 2D seismic surveys of an area of 3,000 kilometres and 3D surveys of an area of 20,207 kilometres. Within this framework, Turkey
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Cyprus is among the top three EU states for recycling plastic packaging with a rate of 62% well above the European average of 42%. In the EU, an estimated 42% of plastic packaging waste was recycled in 2017. In seven EU Member States, more than half of the plastic packaging waste generated was recycled. The
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Cypriot Archbishop Chrysostomos II said he vouched for fugitive Malay businessman Taek Jho Low in his bid to secure a Cyprus passport in 2015. Leader of the Cyprus Orthodox Church sent a written request to the cabinet asking that they fast-track the naturalisation of the Malaysian fugitive who is wanted by Interpol, Malaysian and USA
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Despite the US and EU showing commitment to the Eastern Mediterranean region’s energy prospects they lack a holistic strategic approach to the issue, said Cyprus Foreign Minister Nikos Christodoulides. During a discussion at the 15th Economist Summit in Nicosia, he said regional development and the energy sector in the East Med were interconnected. "A holistic
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Cypriot Defence Minister Savvas Angelides is in Athens to take part in the third trilateral summit between Cyprus, Greece and Egypt on regional security cooperation. "The meeting takes place to enhance cooperation between the three countries in the areas of security and defence, as well as on Eastern Mediterranean developments," a Defence Ministry statement said.
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