A Ministerial Committee will convene on Friday, August 1 to consider the initial expression of interest for the government’s 94% stake in Cyprus Airways, Communications and Works Minister Marios Demetriades said on Tuesday. The Committee will assess the 20 companies that submitted non-binding expressions of interests (EoI) to acquire the Cypriot air carrier, after which
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. Marcuard's Market update by GaveKal Dragonomics Some 18 months after US stocks regained the ground lost in the 2008-09 crisis, emerging Asia has finally made a new high. Last Thursday, the MSCI emerging Asia US dollar total return index closed above its 2007 peak for the first time, having risen 10% year-to-date. That makes
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BP announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3.2 billion result for the first quarter of 2014. The company also announced a
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At a recent meeting between the Executive Committee of the OELMEK Board and the European Citizens’ Initiative “INVEST IN EDUCATION” the President of the Secondary Teachers Union Mr. Taliadoros delivered the support statements of his Organisation to the petition for exempting education spending from cuts. More particularly, the proposal provides for the exclusion from the
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Airline enhances Kuwait services from 40 to 42 weekly flights The Kingdom of Bahrain’s national carrier, Gulf Air, will increase its flights between Bahrain and Kuwait from 40 to 42 flights per week. The national carrier’s decision to add frequencies to the Kuwaiti capital followed an increase in passenger demand between the two countries. Gulf
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The Ministry of Agriculture can contribute to growth and job creation, said Minster of Agriculture Natural Resources and Environment Nicos Kouyialis in an interview to CNA, pointing out that the registration of halloumi cheese as a product with Protected Designation of Origin (PDO) is crucial to this effort. Cyprus filed earlier this month an application
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Cypriot champion in high jump Kyriacos Ioannou has won the silver medal at the Commonwealth Games, taking place in Glasgow, Scotland. Ioannou secured the silver medal at the men`s high jump final after his first successful attempt at 2.28m. Canadian Derek Drouin secured the gold medal with a jump at 2.31m. Ioannou`s silver medal was
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Fears that the west African Ebola outbreak could spread to other continents is growing, with European and Asian countries on alert and a leading medical charity warning the epidemic is out of control. Hong Kong announced quarantine measures for suspected cases, although one woman arriving from Africa with possible symptoms tested negative, while the EU
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A breakdown in talks between Argentina and U.S. creditors late Wednesday has sent the country tumbling into its second default in 13 years and shifted focus to what effect that default could have on global financial markets. Wednesday marked the end of a 30-day grace period for Argentina to make a $539 million interest payment
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By Jameel Ahmad, Chief Market Analyst at FXTM Over the previous week, the EURUSD has recorded several fresh 2014 lows and the pair registered a further one yesterday. The EURUSD continued to be sold in anticipation of the latest German CPI data, but it was the US GDP announcement which triggered bearish movement. The latest
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