Moody’s Investors Service has changed the outlook on the B2 long-term foreign-currency deposit ratings of four Pakistani banks to negative from stable. This action is in line with Moody’s sovereign team’s recent announcement that it changed the outlook on the B2 foreign-currency bank deposit ceiling of Pakistan to negative from stable, following the imposition of
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The European Commission has adopted a new package of proposals aimed at improving the EU’s capabilities in the fight against terrorism. It contains a series of proposals dealing with the criminalization of terrorist training, recruitment and public provocation to commit terrorist offences, the prevention of the use of explosives by terrorists and the use of
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Mindware, a leading IT distributor in the Middle East, has recently been awarded the ‘Best OEM Distributor’ in the region by technology giant Microsoft Gulf at the recently concluded ‘OEM Distributor Awards Night’. “As an OEM products distributor in the UAE, Mindware has increased the reach of Microsoft OEM business to resellers who are now
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Vodafone and have agreed to launch an integrated suite of Vodafone services combined with Nokia Ovi Services on a range of Nokia handsets. These services will offer customers a greater choice of communications, Internet services, content and browsing through a range of premium handsets on high speed 3G and 3G broadband networks. Vodafone and Nokia
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The number of building permits authorized by the municipal authorities and the district administration offices during August 2007 reached 558, compared with 585 in August 2006. The total value of these permits reached CYP 87.3 mln, up by 8.5% compared with August 2007 and the total area reached 192,000 square metres, down by 3.8%. These
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The total sales of petroleum products in September 2007 recorded an increase of 3.6% compared to the previous month, according to the Statistical Service Cystat. Cystat attributed the increase mainly to a significant rise in the provisions to ships (17.0%) and in the sales of gasoil low sulphur (15.6%). However, decreases were recorded in the
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Nicosia will host the 4th Euro-Mediterranean Energy Ministerial Meeting on December 17, it was announced at the end of the ninth Euro-Mediterranean Ministerial Meeting of Foreign Affairs held in Lisbon from 5-6 November. An official press release said during the meeting, ministers from 37 Euro-Mediterranean Partnership will take part and will adopt the ”Priority Action
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The Estonian Financial Supervision Authority and the Central Bank of Cyprus have signed a Memorandum of Understanding expressing their mutual interest and willingness in establishing and promoting bilateral ties in the domain of supervision of credit institutions.An official press release issued here said ”the Memorandum of Understanding defines a general framework of mutual cooperation and
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The Council of Ministers approved a package of measures, with immediate effect, in support of stockbreeders, whose farms have been affected by the outbreak of Foot and Mouth Disease (FMD). Announcing the measures after today’s Cabinet’s meeting, President of the Republic of Cyprus Tassos Papadopoulos said they include compensation of 110 Cyprus pounds for each
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Cypriot Minister of Foreign Affairs Erato Kozakou Markoullis departs on Wednesday evening for Beirut, for a one-day working visit, during which she will discuss, inter alia, the Cyprus problem and the latest developments in the Middle East. During her stay, Markoullis will be received by Prime Minister Fuad Siniora and President of the Parliament Nabih
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