Cyprus and Israel have signed a protocol of cooperation in the area of health. The protocol was signed by Minister of Health Christos Patsalides and his Israeli counterpart Yaacov Litzman, in the framework of the Cypriot Minister’s official visit to Israel between 1 and 4 of August. According to an official press release, the protocol

Revenue from tourism increases in June 2010 Revenue from tourism reached 195.3 million EUR in June 2010 compared to 175.4 million EUR in the corresponding month of the previous year, recording an increase of 11.4%. According to a Statistical Service press release, on the basis of the results of the Passenger Survey, for the period

The unemployed persons, registered at the District Labour Offices on the last day of July 2010, reached 22.899 persons, according to Cyprus’ Statistical Service. A press release issued by the Service said that based on the seasonally adjusted data that shows the trend of unemployment, the number of registered unemployed for July 2010 recorded a

The outlook for Bahrain's banking system remains negative, reflecting expectations that challenging credit and business conditions will continue over the medium term, notwithstanding the modest rebound in the economy, Moody's Investors Service said in its new banking outlook on the kingdom. These expectations are based on the continued weakness in Bahraini and regional real estate

Global stocks cut losses and the dollar rebounded on Wednesday after stronger-than-expected data on U.S. jobs and services industries rekindled bets on riskier assets. U.S. Treasuries extended losses as investors booked profits from a recent rally that pushed yields on two-year note to record lows on Tuesday. Investors took heart after data showed U.S. private

Greece expects to win a qualified thumbs-ups for its efforts to resolve a debt crisis and to get approval for a fresh 9 billion euro payment from its bailout fund once IMF and EU inspectors wrap up a visit on Thursday. But the fresh handout, which is due next month, may come with calls to

2010 continues to be a year of improvement for Middle East sovereigns, Moody's Investors Service said in a mid-year update. However, the rating agency cautions that the pace of economic recovery is hesitant and varied (as in other regions), and that the fragility of the global environment poses downside risks. Since Moody's February Middle East

U.S. wheat futures climbed on Wednesday, rising just over 3% and back within range of 22-month peaks as worries about output in the drought-ravaged Black Sea region resurfaced after the previous session's dip. "Concern about whether Russia and Ukraine can really allow large exports was supportive today, coupled with Glencore's bearish outlook on the Russian

Greek economic sentiment improved slightly for the second straight month in July with better outlooks in industry and services offset by declining readings in the retail and construction sectors, a survey showed. The Foundation for Economic and Industrial Research (IOBE) said on Wednesday its economic climate index — based on business expectations sub-indices covering industry,