A total of 14.622 families all over Cyprus will be benefited through the Cyprus Aid charity concert organized in Nicosia on April 1st. At the concert, people offered non perishable goods, medicine and other basic items, which were distributed to individuals, families and other groups. According to a press release issued Wednesday by the organizers
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Cyprus Airways, the island’s national carrier, will continue their operation until the end of the summer season and at the same time the company’s Board of Directors will enter into negotiations for a possible strategic investor. Speaking to the press Wednesday, after a Cabinet meeting during which the developments at Cyprus Airways were discussed, Government
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Charles Davidson, chairman and CEO of Houston-based Noble Energy, operator of the exploration license for natural gas and oil in Block 12 south east of the Cyprus coast, will visit Israel this week to mark the start of gas flow from the Tamar field. The visit is reportedly also intended to help persuade the Israeli
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A total of 53 energy companies from 25 countries have submitted bids in the prequalification stage of Lebanon's offshore oil and gas exploration tenders, including oil majors Chevron and ExxonMobil, Royal Dutch Shell, Russia's Rosneft, Italy's ENI, France's Total and Norway's Statoil. Shell is considering selling its 23% stake in Australia's Woodside Petroleum Ltd., after
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The outlook for Qatar's banking system remains stable, unchanged since 2010, Moody's Investors Service said in a new report, reflecting a benign economic environment and the rating agency's expectation that Qatari banks will maintain strong financial metrics, including low levels of non-performing loans (NPLs), robust earnings and sound capitalisation. However, Moody's said that these positive
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* Tycoon’s death threat follows murder of oligarch Berezovsky * London police probing the “unexplained” death of oligarch Boris Berezovsky are investigating an alleged plot to kill another Russian billionaire exiled in Britain, according to UK press reports. A would-be hitman said he was offered $1 mln to kill former Bank of Moscow president Andrey
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The Central Bank of Cyprus has decided to temporary suspend the blacklisting of issuers of bounced cheques due to the extraordinary situation prevailing in Cyprus’ banking sector following the bailout deal and the restrictions imposed on bank transactions. The measure applies to persons who have issued dishonoured cheques during the last weeks and it will
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The US is clear on its support of efforts to reunify the island as a bi-zonal, bi-communal federation, the US State Department has said. Acting Deputy Spokesperson Patrick Ventrell said that the State Department did not have a specific meeting readout when asked to confirm, on Tuesday, statements made Turkey’s Foreign Minister Ahmet Davutoğlu that
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German Chancellor Angela Merkel's conservatives and their junior coalition partners have enough support to win a governing majority in September's election for the first time in more than three years, according to a poll published on Wednesday. Merkel's Christian Democrats (CDU) and their Bavarian sister party the Christian Social Union (CSU) have 41 percent support
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British supermarket chain Asda said on Tuesday very low levels of the horse pain-killing drug phenylbutazone, also known as bute, had been found in horsemeat discovered in tins of corned beef in the first such case in Britain. Britain's Food Standards Agency (FSA) said the level of the drug, which is banned from entering the
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