By Marit Kitaw With the global transition to cleaner technologies underway, Africa has the natural resources to race ahead. The continent is a major producer of the raw materials that will fuel the green revolution – including, for example, 70% of the world’s cobalt, which is essential for electric-vehicle batteries. According to the United States
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Cyprus’ investment footprint in the energy sector is small but not insignificant, with expected ventures at over €16 billion for the decade 2021-2030, experts said. At the 11th Energy Symposium, the discussion focused on the challenges facing the energy sector, specifically electricity in Cyprus, and the investment opportunities that arise. Chair of the Electricity Authority of Cyprus
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By Han Tan, Chief Market Analyst at Exinity Group The FOMC is widely expected to leave its benchmark rates untouched on Wednesday, with Chairman Jerome Powell set to echo the “higher for longer” mantra. The Fed Chair may have little to offer markets in terms of fresh signals, instead likely reiterating policymakers’ “data dependent” approach.
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Founding a university and constructing new facilities is the biggest project of a public nature with a stronger imprint on society, President Nikos Christodoulides said, inaugurating TEPAK’s new School of Tourism Management, Hospitality and Entrepreneurship in Paphos. Christodoulides said the growth of education and health sectors affects all areas of governance horizontally and is linked
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Emerging markets continue dominating the global IPO landscape, with the stock exchanges from China and India seeing more deals and proceeds this year than their US or European counterparts. The National Stock Exchange of India and the Bombay Stock Exchange lead in initial public offerings with 150 deals in the nine months of the year,
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Cyprus said it is intensifying efforts to get concrete support for opening a maritime sea corridor from the east Mediterranean Island to a besieged Gaza. President Nikos Christodoulides raised the issue among European Union leaders last week and said he would speak again with Israeli Prime Minister Benjamin Netanyahu later Tuesday to discuss the matter
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By Craig Erlam Inflation in the eurozone fell below 3% in October, with energy and food prices helping to push the headline number even lower than expected. While this is undoubtedly good news, the core number is probably a more accurate reflection of where things stand and the job the ECB still has in reining
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Banks and credit buyout companies are likely to extend the freeze on foreclosures of primary homes valued up to €350,000, as they have accepted the Ministry of Finance’s call in principle. Online news website Stockwatch said banking institutions will voluntarily extend the time frame for suspending sales of first homes worth up to €350,000 until
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Annually, the tax-to-GDP ratio increased in 12 EU countries, with the largest rise registered in Cyprus (from 34.8% in 2021 to 36.5% in 2022) and Hungary (33.9% to 35.1%). The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), stood at 41.2% in the EU in 2022, a decrease compared
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Financial markets are likely to rally in November and December, despite recent corrections and weak investor sentiment, predicts the CEO and founder of a leading independent financial advisory and fintech. “History shows that November is the second-best month of the year for markets, behind April,” said deVere Group’s Nigel Green. “This November could be even
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