Cyprus President Nicos Anastasiades is ready to meet Turkish Cypriot leader Mustafa Akinci at an informal conference involving the UN, EU, UK, Greece and Turkey to reignite peace talks. Anastasiades supports the idea of an informal conference with the same format as the UN-backed Swiss summit of Crans-Montana two years ago. This involved Turkey for
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Twelve Israeli tourists were remanded in Cyprus police custody on Thursday as the authorities investigate claims by a British teenager she was gang raped at her hotel in the popular holiday resort of Ayia Napa. The suspects appeared before a district court in Paralimni where the judge agreed to a police request to detain them
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UK Cypriots bid farewell to the outgoing Cyprus High Commissioner at a banquet in London, describing Evripides Evriviades as “a protector of the rights of the Cypriot people and a great friend of the community.” Having completed six years in the post, veteran and well-travelled diplomat Evriviades retires after 43 years of service and returns
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Germany has called on Turkey to avoid escalation of tensions and refrain from illegal drilling activity off Cyprus. German Foreign Ministry deputy spokesman Christofer Burger said: “We are monitoring developments in the Eastern Mediterranean with great concern. In particular, the Turkish announcements for drillings southeast of the Cypriot peninsula of Karpasia.” “We call upon Turkey
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By Hussein Sayed, Chief Market Strategist at FXTM Investors have sold equities across the markets and headed back towards the safety of government bonds and Gold. After spending several weeks pricing in the impact of expected monetary easing by major central banks, bullish investors took a pause as fundamentals began to show signs of cracks.
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Cyprus-based Woodbrook Group Holdings Ltd, one of Europe's largest international firms of financial consultants, on Thursday confirmed it has established its first base in the Middle East with the acquisition of Mondial (Dubai) LLC. Mondial is one of the Emirates' oldest established financial planning and wealth management companies. It is regulated by the UAE Securities
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Two and a half years after undertaking the operations of Limassol port and the new cruise terminal, DP World has upgraded infrastructure and equipment. DP World Limassol gave media an insight on the recent developments at Limassol port, its operations and demonstration of its new equipment. The port acquired a brand-new range of equipment in
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Cyprus MPs approving amendments to the legal framework on foreclosures will lengthen an already slow process making it more difficult for banks to claw back debt, argues Moody’s. It said the amendments are “credit negative” for Cypriot banks because they hamper the banks' organic efforts to reduce large stocks of non-performing exposures (NPEs), which were
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Jellyfish have made their appearance on the Larnaca coast with several stinging incidents reported by bathers at the Castella and Mackenzie beaches, but they should soon disappear. In a statement Larnaca Municipality said “officials carried out an on-the-spot check at the Castella and Mackenzie beaches, where a small number of jellyfish sting incidents were recorded.
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The Cyprus Stock Exchange (CSE) is deeply “dissatisfied and disappointed” with the approach taken by the Energy Ministry which rejected its bid to act as the country’s electricity market operator. In cooperation with the Hellenic Stock Exchange and the Athens Stock Exchange, the CSE submitted a comprehensive proposal to the Ministry of Energy offering all
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