The Cyprus Securities and Exchange Commission approved the Prospectus of Liberty Life Insurance Pcl (LIB) for the issue and listing of 22,301,001 ordinary shares of a nominal value of CYP 0.10 or EUR 017 each to the shareholders of Aspis Pronia Insurance Company (Cyprus) Ltd and Aspis Holdings Plc. LIB will proceed to the issue

Turkey’s refusal to open its ports to ships flying the Cypriot flag will be discussed during the 10th Maritime Cyprus Conference that will be held in Limassol from 23 – 26 September, in the presence of Vice President of the European Commission and Commissioner for Transport Jacques Barrot.Permanent Secretary of the Ministry of Communications and

European Union Finance Ministers met with their counterparts from the Southern Mediterranean rim in Porto on 15th September to discuss ways to achieve higher sustainable growth and create more jobs. While important challenges remain, in particular high levels of unemployment, a gradual but visible drive for change is currently underway in most Mediterranean countries. Ministers

Former Fed chairman Alan Greenspan warned that the credit cycle has turned, qualifying the US housing market as bubble. In addition, by suggesting that the relationship between growth and inflation has changed he provided the most powerful argument that investors will have to reduce leverage. The combination of low inflation and high economic growth rates

Sterling broke lower through the 2.000 level despite news that  Qatar’s investment arm is close to acquiring a nearly 30% stake in the London Stock Exchange from the Nasdaq Stock Market Inc., a purchase that would give the Middle Eastern government a high-profile position in the current scramble for dominance among the world’s stock markets.

The European Union’s Court of First Instance rejected Monday Microsoft’s appeal against an EU-wide antitrust order that could force the software giant to share vital programming codes with its rivals, while also imposing on Microsoft Corp. to sell its flagship Windows platform without the bundled Media Player. The court in Luxembourg ruled against Microsoft in

A delegation of the Cyprus Chamber of Commerce and Industry will visit Estonia and Sweden aiming to promote Cyprus as an international centre for services.The delegation will hold business meetings in both countries and will address special seminars organized by the corresponsive chambers of Tallinn and Stockholm promoting Cyprus as an international services’ centre.The delegation