* Bourse to launch Energy Index * The Cyprus Stock Exchange is taking advantage of the numbness in the market to revive interest in new share listings, primarily in the alternative NEA Emerging Market, that will propel its market cap from the current 8 bln euros to beyond 11.5 bln. Already, the cancellation of the

Central Bank Governor Panicos Demetriades issued a new decree Tuesday morning that effectively stops all stock brokerage firms that have dealing with foreign custodians through the common Cyprus-Greece trading platform, in order to prevent capital flight. This caused trades on the Cyprus Stock Exchange and the Athens bourse to sink to just 19,800 euros, with

IKOS boss Elena Ambrosiadou believes that the island’s energy policies should be determined by experts and not by politicians. The operator of one of the world’s largest hedge fund managers said that “the establishment of an Energy Institute in Cyprus should include high-level technocrats and should employ chemical engineers, investment banks, experts in oil and

The National Federation of Cypriots in the U.K. has decided to set up a National Solidarity Council to support the National Solidarity Wealth Fund in Cyprus that aims to invest in growth and combat unemployment through projects funded by future natural gas revenues. NFC Chairman Peter Drousiotis said that the U.K. Cypriots will continue to

The European Central Bank held its main interest rate at a record low of 0.75 percent on Thursday, as it waits to see whether the economy stabilises or a recent slew of weak economic data is a start of another downturn. Some ECB policymakers, including President Mario Draghi, have stressed that the central bank's top

European central Bank President Mario Dragi said on Thursday that Cyprus's initial decision to charge a levy on insured as well as uninsured banks depositors was a mistake. "That was not smart, to say the least, and was quickly corrected," he said. Draghi also told a news conference that Cyprus's bailout, including hitting wealthy depositors

Noble Energy, Inc. is the lead sponsor for Gulf Publishing Company’s inaugural Eastern Mediterranean Gas Conference (EMGC) in Nicosia, Cyprus, on 8-10 April 2013, at the Hilton Cyprus. The event will bring together oil and natural gas professionals with top-level executives and companies behind the planning and development of the region’s natural gas industry. Executives