OPEC ministers gathered in Vienna are inclined to keep supplies steady, but are on alert for signs record high oil and recession will erode demand. The price of U.S. crude hit a record of $103.95 on Monday and was trading above $102 a barrel early on Tuesday. OPEC ministers have said prices have been driven
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The Securities and Exchange Commission approved on 27 February 2008, the prospectus for the Initial Public Offering (IPO) for the listing of 2.7mln shares of Trokkoudes and Kyros Ltd from Makariou Group and Kyros Chrysanthou. The Makariou Group will dispose 581,650 shares and Kyros Chrysanthou will dispose up to 2,158,350 shares of the Company. The
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DUBAI (Reuters) – Gulf investment agency Dubai International Capital (DIC) said on Tuesday it would take “a lot more money” to rescue Citigroup Inc following investments from Abu Dhabi, Kuwait and Saudi Arabia’s Prince Alwaleed. Sameer al-Ansari, chief executive officer of the investment agency owned by the ruler of Dubai, was asked by Reuters what
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Cyprus Central Bank Governor Athanasios Orphanides called for caution regarding the prospects of the Cypriot economy, mainly due to the inflation tendencies, the continuing rally of oil prices and the overheating of the Cypriot economy.Orphanides was received by Cyprus President Demetris Christofias. During the meeting, the prospects of the Cypriot economy as well as the
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Swedish Prime Minister Fredrik Reinfeldt has extended an invitation to Cyprus President Demetris Christofias to visit Sweden. In statements to the press after a meeting with President Christofias, Ambassador of Sweden to Cyprus Igmar Lindahl said he conveyed Christofias the invitation by the Swedish Prime Minister, noting that he also expressed his country’s support for
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The number of adult cattle slaughtered in Cyprus fell by 6.3% in the whole of 2007 to 17,348; the number of goats, sheep and lambs slaughtered rose by 2.5% to 416,043 according to figures from the Statistical Service. The number of poultry in the same period rose by 7.4% to 14,239,381. Eggs of cocks, hens
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The House of Representatives plenary will elect the new President of the parliament on Thursday, after Demetris Christofias was elected President of the Republic. DIKO President Marios Karoyan is widely expected to be become the new President of the House after his party joined the government of Christofias in a grand coalition that also includes
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By Andrew Hay VALENCIA, Spain, (Reuters) – For a decade Elias de la Duena has operated one of the forest of construction cranes around Spain’s booming third city Valencia. But he spent January and much of February driving around town looking for work. Like tens of thousands of Spanish construction and real estate workers, de
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Germany’s freenet AG fully met its earnings targets for 2007 and takes a positive view of the past financial year. By restructuring its business into the mobile telephony, broadband, portal, hosting, B2B and narrowband segments, freenet has introduced greater individual manageability and transparency for these lines of business, which are all at different stages in
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Motorola, Inc. has signed a $335 mln turnkey contract to deploy and manage a 2G/3G mobile communications network for Zain in Saudi Arabia, the recent addition to the Zain group. Motorola will supply its GSM/HSxPA network solutions as well as comprehensive managed services for network design, integration, deployment, operations and maintenance. This contract brings Zain’s
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