A Memorandum of Understanding (MoU) was signed between the Cyprus Institute of Marketing (CIM) and ForexTime (FXTM) on Tuesday 16 June 2015 at FXTM Headquarters in Limassol, with the aim of promoting collaboration between the private sector and academic institutions, and supporting innovation and the expansion of entrepreneurship in Cyprus with the substantial involvement of
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The Cyprus-based boutique investment firm Elements Capital Partners, along with the US-based investment fund York Capital Management LLC, have finalised the purchase of receivables (and obligations) against Istrabenz, one of the largest holding companies in Slovenia, of approximately 46.7 million EUR from BAWAG, and banks belonging to the Erste Group. Istrabenz is a strategic holding
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Cyprus and Israel have agreed to intensify their efforts to conclude an agreement on the joint exploitation of natural gas lying in adjacent offshore blocks in the eastern Mediterranean. During an official visit to Israel on Sunday and Monday, his second in two years, President Nicos Anastasiades and Prime Minister Benjamin Netanyahu said they will
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Etihad Airways achieved its strongest financial results to date, posting a net profit of $73 mln in 2014 on total revenues of $7.6 bln, up 52.1% and 26.7%, respectively over the previous year. The record performance of the national airline of the United Arab Emirates, which marked it’s fourth consecutive year of net profits, also
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By Jameel Ahmad, Chief Market Analyst, FXTM Gold exploited the continual mixed sentiment towards the Dollar on Monday, with the metal rallying around $20 to $1192. The weak USD sentiment is the reason for the Gold rally, although investors may be looking towards safe-haven assets as a result of a potential Greek default at the
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A record 744 Toyota cars of all shapes, sizes and age took part in the Toyota Cyprus Car Parade on the outskirts of Nicosia on Sunday, June 7, and broke the record for the longest single-lane convoy, all in aid of charity and to mark the brand’s 50th anniversary in
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The Cyprus government will go to tender by the end of this week to invite bidders for the three 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 House of Representatives approved the much-delayed framework only last week that paved
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In March 2015, the European Commission launched the improved and upgraded version of the iCoach app, within the framework of the campaign “Ex-Smokers are Unstoppable” aiming at helping young Europeans to quit smoking. Responding to EC’s call to set a personal “challenge” and quit smoking before World No Tobacco Day (31/5), 7,000 Europeans downloaded and
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Bank of Cyprus and the CIIM Business School have set up a start-up programme to provide innovative business ideas with seed money, facilities and support services. The programme aims to encourage start-ups comprising two to five persons to submit their business plan which, if successful, will be rewarded with 10,000 euros, free office space in
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By Jameel Ahmad, Chief Market Analyst, FXTM The relentless mixed sentiment towards the USD has continued to work in the favour of the Pound bulls and resulted in the Pound/Dollar climbing to a monthly high at 1.5597 at the end of last week. Over the past couple of weeks, UK economic data has been far
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