Gulf Air, Bahrain’s national carrier, has posted its 2014 financial and operational results, the airline’s strongest financial results in a decade. The results reflect a 32.8% fall in annual losses from BHD 93.3 mln ($247.3 mln) in 2013 to BHD 62.7 mln ($166.2 mln) in 2014. Commenting on the airline’s ongoing positive development in 2014,
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By Lukman Otunuga, Research Analyst, FXTM While the negative start to the week in China and Japan has failed to have a similar impact on European equities, concerns over global growth following the data over the weekend has furthered expectations the Federal Reserve will have to delay raising US interest rates with this leading to
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The recent discovery of natural gas reserves, as well as the establishment by Vitol partners of a major energy storage hub near Limassol, have created new opportunities for companies such as Vasiliko Terminal Services, a sister company of Lavar Shipping. The flagship company of the RPT Group, Lavar Shipping, established in 1965 by Pantelis Tsanos,
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Bernhard Schulte Shipmanagement (BSM), one of the oldest maritime companies operating on the island, reported a 20% increase in the number of vessels under its management over the last year. The company said in an announcement that the increase “comes as no surprise against the backdrop of a fast growing economy that Cyprus has been
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. By Oren Laurent President, Banc De Binary Global markets remain abuzz with the possibility of a September rate hike in the U.S. However, recent statements by key individuals and policymakers have confused traders as to the timing and scope of a rate hike. Just the other day, the dovish President of the Boston Federal
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. Paphos harbour was once again transformed into an open stage over the weekend (September 4-6), where an audience of about 6,500 enjoyed three nights of opera in a truly unique environment, with the background sound effects of waves crashing onto the set’s centrepiece, the historic castle. It was not just Rossini’s ‘Cinderella’ that was
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. By George Theocharides During the last month, global markets have been roiled by the financial crisis that emanated from China, but propagated to other parts of the world. To put things into perspective, during the month of August more than $5 trln has been lost from global equity values amid fears that the growth
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The benchmark US crude recovered slightly in Asian markets on Monday after shedding almost 2% on Friday following an outlook cut from Goldman Sachs. WTI was up 23c at $44.86/barrel on Monday as American producers also reported a drop in output, assisting a rebound in stocks despite Goldman Sachs lowering its 2016 forecast from $57/barrel
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By Lukman Otunuga, Research Analyst, FXTM The markets woke up to another morning of woes over the China economy on Monday, as data released over the weekend pointed towards further signs of weakness for the Chinese economy. Most market participants were already concerned about the slowing rate of growth in the world’s second largest economy,
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Lufthansa has been named “Europe’s Leading Airline” for the fifth time in a row at the World Travel Awards held on September 5 in Sardinia. Travel and tourism experts worldwide also honoured Lufthansa with the award of “Europe’s Leading Airline Lounge” for the lounges at Frankfurt Airport. “During our 22-year history, the carrier has consistently
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