The credit outlook for Norway‘s rated banks and savings banks remains stable, reflecting solid domestic franchise and good and improving financial fundamentals, said Moody’s Investors Service in its new Banking System Outlook for Norway. Key challenges include the fiercely competitive operating environment, as both banks and savings banks vie for retail lending and wealth management

Ericsson has been selected Algérie Télécom as sole supplier and systems integrator for its network upgrade setting the stage for Algérie Télécom to migrate to an all-IP network. Under the agreement, Ericsson will supply its Telephony Softswitch solution to migrate the operator’s national transit layer to a next-generation network architecture. Ericsson will also be responsible

Epson has announced the Middle East launch of its latest large format, eight-colour professional production printer – Stylus Pro 9880 that features UltraChrome K3 ink with Vivid Magenta technology, the latest development in pigment chemistry, which offers a wide colour gamut and unrivalled image quality from an 8-colour ink-set. Epson’s new large format printer provides

The credit outlook for rated Cypriot banks is stable, reflecting the ongoing restructuring of their domestic operations, their improving financial fundamentals and their continuing geographical diversification through their expansion overseas, Moody’s Investors Service said in its new Banking System Outlook for Cyprus. However, this outlook is balanced by the banks’ raised credit risk profiles, arising

Beating stiff competition, The Bank of Cyprus Group will represent Cyprus as a finalist in The Growth Strategy of the Year category of the European Business Awards 2008. Europe‘s showcase of business talents and capabilities are unveiled today when the names of 60 individuals and organisations that will receive the accolade of Ruban d’Honneur in

Cyprus secured its participation in the International Maritime Organization’s (IMO) Council. During the 25th session of IMO’s governing body, the Assembly, Cyprus has been reelected with 115 votes as a Council member, securing the second position behind Singapore with 120 votes. “Cyprus’ election and the important support it got from other countries signalises its continuous

Agriculture, Natural Resources and the Environment Minister Photis Photiou is  in Brussels on Monday to discuss with EU Commissioner responsible for Health Marcos Kyprianou the possibility of lifting some of the measures taken, following an out break of the Foot and Mouth Disease (FMD). Photiou said Friday that his ministry is in constant touch with Kyprianou

The USD is under pressure, and record hunting is making the rounds. In recent weeks, trading activity has resulted in several very interesting records for foreign exchange rates. It started with USDCAD dipping almost below 0.90 and GBPUSD reaching 2.1170. After that, both currencies came under pressure again and the race turned in favor of

Louis plc announces that it is in cooperation with Costa Croiciere, subsidiary of Carnival Corporation which is the largest cruise company in the world, and MSC Cruises for the submission of an offer for a long term lease of the cruise terminal and the cruise ship pier at the port of Marseille. The port of