Property sales in the first five months of this year rose a substantial 25%, compared to the same period last year, according to data published by the Land Registry, where a significant increase in the transfer of properties was also recorded. According to the data, sales contracts submitted to the Land Registry totalled 2,355
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Moody’s Investors Service’s outlook for the European construction sector remains stable, with the rating agency forecasting aggregate organic revenue growth of up to 8% and stable operating margins over the next 12 to 18 months. “Our stable outlook on the European construction industry, with growing revenues and broadly flat margins into 2017, is underpinned by
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By Jameel Ahmad, Chief Market Analyst, FXTM The Dollar has commenced weekly trading with an attempt to regain momentum after suffering extreme losses following an unbelievably weak US Non-Farm payroll report at the end of last week. Many are probably wondering whether this could be a game-changer for the Dollar because there is simply no
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By Jameel Ahmad, Chief Market Analyst, FXTM Many watching the market must be in complete shock and rubbing their eyes when reading the headline that the United States added an unbelievably weak 38,000 jobs to its economy during the month of May. This headline reading is nothing else but shockingly unexpected, and represents the
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* “Use it or lose it” – CEO wants other airlines’ licenses revised; Russia-China-Iran most promising future markets * Cobalt became the island’s new national carrier this week as it launches its first familiarisation flight to Athens and is ready to start commercial operations, as soon as the government issues the air transport license “within
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Finance Minister Harris Georgiades has highlighted the close cooperation between the state and the Cyprus Investment Fund Association (CIFA) to establish Cyprus as an attractive destination for investment funds, during a speech at the first International Funds Summit organised by CIFA and the Cyprus Investment Promotion Agency (CIPA) on May 29-31. He told the
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Moody’s Investors Service has affirmed Lebanon’s B2 government debt and issuer ratings and maintained the negative outlook, while the short-term rating is affirmed at (P)Not Prime reflecting the credit support derived from the demonstrated fiscal resilience and strong liquidity position, which have been maintained despite the country’s continued political vacuum. In particular, banking sector
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Deposits in the Cyprus banking system rose by EUR 144.9 mln in April, while loans fell by 86.7 mln, continuing the deleveraging process for the fourth consecutive month. According to figures released by the Central Bank of Cyprus, total deposits in April amounted to EUR 45.9 bln in April, whereas total loans declined to
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Moody's Investors Service has maintained its negative outlook on Azerbaijan's banking system for the next 12-18 months, reflecting the rating agency's view that the economy will remain in recession until end-2016 as a result of the depressed global prices for oil — the country's top export — and the subsequent negative effect on the banking
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By Jameel Ahmad, Chief Market Analyst, FXTM While the ECB conference on Thursday afternoon failed to provide any unexpected fireworks, the EURUSD still managed to decline down the charts and moved back to 1.11 after Mario Draghi reminded investors that policymakers are willing to take further stimulus action if inflation prospects do not improve. Overall,
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