Airline honoured with three Skytrax Awards; Airline of the Year, Best Airline in the Middle East and ‘Best Business Class Seat’ Qatar Airways has been honoured with three of the top aviation accolades at the annual Skytrax World Airline Awards, winning Airline of the Year for a third time. The three awards included Best Airline
More
By Jameel Ahmad, Chief Market Analyst – FXTM Bearing in mind that USD weakness was one of the major drivers behind the recent GBPUSD rally, it was only natural that the pair would be vulnerable to downside pressures as the dollar began to strengthen. The pair has now pulled back by 200 pips since the
More
The performance of the Greek residential mortgage-backed securities (RMBS) market deteriorated in April, according to the latest indices published by Moody's Investors Service. The 90+ day delinquencies of Greek RMBS transactions rose to 6.9% of the current balance in April from 5.6% in April 2014. The highest fluctuation of overall delinquencies is observed in KION
More
CEOs are now finding it so difficult to find people with the right skills to grow their business that three quarters of the 1,300 interviewed in 77 countries by PwC rank ‘skills shortage’ as the biggest threat to their business. This represents a ten percentage point jump from 2014 and is up from less than
More
The export expectations for German manufacturing clouded over a little this month, recording its third consecutive drop, falling to 9.2 balance points in June from 10.4 points in May, according to the Ifo Business Survey of the Munich-based economics institute. The increase in exports continued to weaken and the expansive effects of the euro depreciation
More
By Jameel Ahmad, Chief Market Analyst, FXTM It was an impressive rally driven by continual USD weakness providing upside momentum, but it appears that the GBPUSD bulls are finally losing steam. The Pound slipped 100 pips against the Dollar on Monday and while some might be right to suggest this could be another consolidation before
More
Marios Clerides, a soft-spoken and well-respected economist, resigned as chief executive of the Cooperative Central Bank, less than half-way through his five-year contract. It has been reported that he resigned for “personal reasons”. Bank officials said that the search for his successor is already underway, with a replacement recruited probably by mid-July, just before the
More
The trade deficit widened further in the first quarter of the year, after two consecutive months of relative stability in imports and increase in exports, according to the statistical service Cystat. Total imports/arrivals in January-March amounted to €1,156.4 mln as compared to €1,152.8 mln in January-March 2014. Total exports/dispatches in January-March were €519.2 mln compared
More
Stavros Pantzaris (left) is taking over as the Country Managing Partner of EY Cyprus as from July 1, succeeding Andreas Demetriou who is retiring after a professional career of over three decades. Demetriou will continue to provide his services to EY as an advisor to Cyprus and the Southeast Europe region. Pantzaris joined EY Cyprus
More
More than 70 firms have so far expressed an interest to bid for one or all three concessions of the privatisation of services at Limassol port, the island’s main port of call that accounts for 80% of passenger traffic and 70% of all commercial activity. The tender document for the privatisation was published a week
More