Bank of Cyprus will hold the “boc hackathon #fintech 3.0” in Nicosia next month focusing on the development and deployment of ground-breaking financial technologies (Fintech). The event will be held on October 18-20 at the IDEAcy Innovation Centre in Nicosia. BoC said the hackathon will bring together software engineers, analysts and designers, marketing industries, people
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The outlook for Qatar's banking system remains stable as continued spending on the country's infrastructure projects will drive modest economic growth and support lending, Moody's Investors Service said in a report. "Higher oil prices have improved government finances and supported spending on infrastructure, including preparations for the 2022 FIFA World Cup," said Nitish Bhojnagarwala, VP-Senior
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Cyprus is feeling the aftershocks caused by the collapse of global travel agent Thomas Cook with hotels once heavily dependent on customers from the company now in financial despair, while airfares soar. Cyprus hoteliers have asked the state and local authorities to lend a helping hand as they find themselves heavily impacted by the demise
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By Han Tan, Market Analyst at FXTM Asian markets are pushing moderately higher Tuesday after the S&P closed unchanged, as investors are being fed more woeful signs about the global economy. Germany’s September manufacturing PMI fell further into contraction territory, France’s industrial sector recorded scant expansion during the same month, while Japan’s latest manufacturing gauge
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A Cyprus government initiative to coordinate climate change actions in the Eastern Mediterranean and the Middle East was given to the UN Secretary General Antonio Guterres during the Climate Action Summit. The letter outlining the initiative was also sent to the leaders of 13 states; Egypt, Greece, the United Arab Emirates, Jordan, Iraq, Iran, Israel,
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Four rescue flights from Cyprus this week have been arranged to transfer some of the 15,000 stranded Thomas Cook passengers back home, according to airports operator Hermes. Due to Thomas Cook ceasing of operations, all of the airline’s flights from Larnaca and Paphos airport to the UK were cancelled from Monday. One flight from Larnaca
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By Jameel Ahmad, Global Head of Currency Strategy and Market Research at FXTM Another round of astonishingly weak economic data out of Europe on Monday morning has resulted in major markets trending lower, with the German DAX leading the line of selling with losses close to 1.6%. The Euro Stoxx 50, CAC 40 Market Index
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Cyprus spends 0.8% of total expenditure (€59.8 mln) on recreation and sport putting it above the EU average of 0.7% but behind biggest spender Hungary. In 2017, the EU's 28 Member States spent €51.3 bln of government expenditure on recreation and sport. Overall, the general government expenditure on recreation and sport has remained stable as
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Cyprus Airways has officially signed an interline agreement with the Greek-based carrier, Sky Express to connect with 29 destinations across Greece. The agreement, effective from September, will offer more travel opportunities to Cyprus Airways passengers as they can continue their journey from Athens or Thessaloniki to other destinations in Greece or the Greek islands. Passengers
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Cyprus tourism has suffered a “serious blow” following the collapse of British travel group Thomas Cook that stranded 15,000 tourists on the island with future lost revenue close to €200 mln. Tourism Deputy Minister Savvas Perdios 250,000 tourists visited Cyprus annually on Thomas Cook packages spending €188 mln. “This is a serious blow to tourism
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