By Lukman Otunuga, Research Analyst, FXTM Euro bears received ample encouragement during trading on Thursday following Mario Draghi’s dovish rhetoric towards the health of the Eurozone economy, consequently sending the EURUSD sinking to fresh daily lows of 1.078. During the press conference, Draghi highlighted that slowing global growth and emerging market weakness has left
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* Green light for BG opens LNG export prospects from Aphrodite * The ENI-Kogas consortium has been granted a two-year extension to its exploration license in Blocks 2, 3 and 9 of the Cyprus Exclusive Economic Zone (EEZ), as its current permit expired on January 23. The joint venture was close to abandoning its
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The short list of investors for the establishment of an integrated casino resort in Cyprus will be announced in February, Energy and Tourism Ministry Permanent Secretary Stelios Himonas said. Briefing a joint session of the House Committees on Finances and Commerce on the regulations for the operation of a casino, he said that in
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A Cyprus-Lebanon forum will be held in Limassol next month where industrialists, entrepreneurs and businessmen from both countries will demonstrate their products and services. The Cyprus-Lebanese Trade Association, under the umbrella of the Cyprus Chamber of Commerce and Industry, said that a total of 100-150 companies from Lebanon and Arab countries have shown a
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The Cyprus Stock Exchange (CSE) aims to reach agreements with other bourses to compensate for the loss of revenue due to the lack of liquidity in Cyprus and the economic crisis in Greece. Briefing members of the House Committee on Finances about the CSE’s budget, Director General Nontas Metaxas said that the economic crisis in
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Building permits were up in October, in number, total area and value, according to data from the Statistical Service Cystat. The number of building permits authorised by the municipal authorities and the district administration offices in October were 467. The total value of these permits reached EUR 81.9 mln, up 10.5%, and the total
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Ryanair launched a new flight on Monday connecting Larnaca with Brussels-Zaventem on a twice weekly service, with a special EUR 19.99 offer for travel on this route throughout February. Travellers must book their flight on the www.ryanair.com website before midnight, Thursday, January 21. “Ryanair is pleased to be back to Larnaca airport with a
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By Jameel Ahmad, Chief Market Analyst, FXTM Stock markets continued their recent run of weak form all the way towards the end of last week with financial markets concluding trading once again by staring at steep and heavy losses. Continual concerns over the pace of global growth, further lows in the oil markets and a
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