The rapidly growing small and medium businesses (SMB) sector in the Middle East and Africa region is driving the demand for internet protocol (IP) telephony implementation, as reflected by a recent survey conducted by Avaya Inc., a global provider of business communications applications, systems and services. Following the partnership with Avaya in the US, Netgear
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Temenos Group, the Geneva-based provider of integrated core banking systems, today announced that Universal Bank Public Ltd. has upgraded its system from TEMENOS Globus (Globus) to TEMENOS T24 to meet the requirements of the Euro adoption in Cyprus. The upgrade was completed using Temenos Application Management Services (TAM), which provides a rapid and cost-effective migration
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Moody’s Investors Service has today changed the outlook on Lebanon‘s ratings to stable from negative. The change of outlook applies to the government’s B3 local and foreign currency bond ratings, the B3 country ceiling for foreign currency bank deposits and the B2 country ceiling for foreign currency bonds. “The change of outlook is justified by
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We hate to be repeating ourselves, but one of the wisest choices President Christofias made was to appoint Charilaos Stavrakis as his Minister of Finance, also known as keeper of the public purse. In order to implement the communist leader’s pledge for welfare benefits, particularly to the low-income group, as is the case of the
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The Minister of Foreign Affairs of Denmark, Per Stig Moller will pay a working visit to Cyprus arriving in Paphos on Wednesday. Upon arrival, the Danish Foreign Minister will participate at a ceremony for the naming of a street in honour of Erik The Good, King of Denmark, at the archaeological sight of the Basilica
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The United Nations Peacekeeping Force in Cyprus (UNFICYP) is expected to begin demining work at Ledra Street , to enable the opening of the crossing point as agreed to last Friday by President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat. UNFICYP spokesperson Jose Luis Diaz told the Cyprus News Agency that “we expect
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By George Georgiopoulos and Dina Kyriakidou ATHENS, March 26 (Reuters) – Greece’s main socialist opposition submitted a censure motion in parliament against the conservative government on Wednesday over pension reforms that have prompted a wave of strikes and protests. The move is unlikely to topple the government, as it requires 151 votes in the 300-seat
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Top central bankers warned on Wednesday there was no end in sight to the global credit crunch as German banking giant Deutsche said the crisis threatened its profit target for this year. European Central Bank President Jean-Claude Trichet said the turbulence that has gripped financial markets since last summer would probably endure until the U.S.
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By Alex Lawler LONDON, March 26 (Reuters) – Oil jumped by more than $3 a barrel on Wednesday, extending an earlier gain, after a U.S. government report showed larger-than-expected drops in fuel stocks in the world’s top consumer. Gasoline inventories fell by 3.3 million barrels, the Energy Information Administration said, more than the 800,000-barrel decline
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By Daren Butler ISTANBUL, March 26 (Reuters) – Turkish civil society groups called for calm in Turkey on Wednesday amid strains over a court bid to close the ruling AK Party, saying the ease with which parties can be banned was harmful to democracy. A chief prosecutor asked the Constitutional Court this month to shut
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