Nordic Energy Plc, the oil and gas exploration and production company focused on the North Sea and northern Europe, announced that it is negotiating with the Danish Energy Authority (DEA) to extend its first licence phase. The first phase ends on April 17, 2015 after which the company, that that trades on the London ICAP
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Moody's Investors Service has upgraded to B3 from Caa1 the local-currency (LC) deposit ratings of National Bank of Egypt, Banque Misr, Banque Du Caire and Commercial International Bank (Egypt), as well as the LC deposit ratings of Bank of Alexandria to B2 from B3. The standalone ratings of all five banks were also upgraded by
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. Marcuard's Market update by GaveKal Dragonomics India has fallen out of favour with investors lately. Over the last four weeks, the Nifty stock index has dropped 4.6%, a fall that included eight consecutive sessions of declines, the market’s longest losing streak in more than 18 months. Investors blamed the collapse of lofty valuations following
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. Judging from the inability of the present (supposedly pro-business) administration to tackle trade unions that go on strike in sectors considered as “essential services”, this government is giving out the worst signals to potential investors – either to those keen to pump money into the economy or even take up some of the to-be
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. Marcuard's Market update by GaveKal Dragonomics At a record 7.8% of gross domestic product, Germany is running the largest current account surplus in the world. To put that into perspective, in absolute terms Germany’s surplus over the last 12 months amounts to €218 bln. In contrast, China’s current account surplus last year was a
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. By Oren Laurent President, Banc De Binary China’s incredible economic growth has long been the envy of the stagnating and slowly recovering, post-recession, western nations. The ‘Made in China’ trademark has become synonymous with manufactured goods and the number of Chinese companies spreading their strong wings internationally has been making headlines. After all the
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. By George Mouskides The island’s major financial institutions have lowered their interest rates significantly, by 2 per cent to be exact. So, an existing housing loan has seen a 2% decrease in the rate, i.e. from 4.75% to 2.75%. This is a serious reduction which has not yet received the appropriate attention by many.
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Projects Development Managers For many years now there has been a successful concept in America and later in Europe, with the construction of retirement housing complexes on an organised basis, while recent developments in Spain show the trend of this
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Bank of Cyprus has appointed veteran finance expert Michael (Mikis) Hadjimichael as Senior Advisor to Chairman Josef Ackermann. For the past four years, Hadjimichael was Deputy Director of Capital Markets and Director of Emerging Markets Policy at the Institute of International Finance (IIF), the worldwide association of financial institutions based in Washington DC. His responsibilities
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Ryanair, launched its Cyprus – Paphos winter 2015 schedule with 6 routes in total and extra flights to Athens, which will deliver over 650,000 customers p.a. and support 650* “on-site” jobs at Paphos airport. Ryanair’s Paphos winter 2015 schedule will deliver: – 6 routes in total: Athen, Chania, Thessaloniki, Rome Ciamino, Brussels Charleroi, London Stansted
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