Dubai eGovernment announced that it has partnered with Abu Dhabi-based Zakat Fund to launch the first electronic Zakat payment channel through its ePay service and by logging on to www.zakatfund.ae. Zakat is the amount of money that every adult Muslim who is mentally stable and financially able should pay annually to support the poor and
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— Completed by a rigorous package of accompanying measures The European Commission adopted Tuesday its final monitoring report on the preparedness of Bulgaria and Romania for EU membership. Based on the solid progress achieved, the Commission considers that both countries will be in a position to take on the rights and obligations of EU membership
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The Cyprus problem will be among the issues which Greek Foreign Minister Dora Bakoyiannis will discuss during a meeting on Monday with UN Secretary-General Kofi Annan at the UN headquarters in New York. The meeting takes place on the sidelines of the 61st session of the UN General Assembly and the Greek presidency of the
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Nicosia, Sep 25 (CNA) – Counting of the votes resumes later today in the first phase of a long and complex process to elect a new Archbishop.This phase will elect 1,400 special representatives of the four bishops, contesting the post of the head of the Church of Cyprus. The latest official results as published on
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Although daily volatility on the bond markets remains high, yield spikes have abated. Yields will probably trend sideways for the next several months, with large fluctuations on either side unlikely, according to the latest research prepared by UBS. Volatility was particularly noticeable in the US, where bond yields rose by 6 basis points (bp) on
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On 14 September, the Swiss National Bank decided to lift its target rate by 25 basis points to 1.75%, meeting the market’s expectations. Surprising to both UBS and the market was the accompanying dovish press statement, where the SNB communicated that its “forecast shows that there is no immediate inflation risk”. This comes despite the
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…Athens expansion contemplated Ermes Department Stores Public Ltd., announced that it has received approval from the Securities and Exchange Commission to proceed with its share offering, and at the same time the company revealed its first half results, profit projections and ambitious plans to expand both in Cyprus and Greece. The Securities and Exchange Commission
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