Friday 19 September 2014
 
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Cyprus

Cyprus seeks Gulf investment in oil-gas sector

Big oppportunities lie ahead for GCC investors as Cyprus gears up to tap significant hydrocarbon resources below the Eastern Mediterranean seabed, a consultant has said. "An estimated 27 trillion cubic feet (tcf) of natural g

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Etihad appoints new GM for Cyprus

Etihad Airways, the national airline of the United Arab Emirates, has appointed Abdelrahman Abdullah Al Madhloum Al Suwaidi as its new general manager for Cyprus. Al Suwaidi will lead the further development of Etihad Airways&rsqu

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Oil spill in N Cyprus threatens wildlife, tourism

Clean-up efforts were underway after a tanker spilled more than 100 tonnes of fuel oil near a pristine coastline in northern Cyprus, threatening wildlife and tourism facilities, officials said on Wednesday. The spill occurred earl

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Mistrust stops euro zone banks lending to peers

Euro zone banks are refusing to lend to peers in other countries in the common currency bloc, signalling a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year, data analysed by Reuters showed.

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Gold rout mars investor appeal, catches out experts

Even the most fierce gold bulls must be feeling sheepish after bullion tumbled its most in 30 years, raising questions about gold's value as part of an investor portfolio. Most experts failed to see the collapse coming. A Reut

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Gold hits 1-week low as funds sell

Gold hit its lowest in a week on Thursday, pressured by heavy fund liquidation a day after European Commission documents showed Cyprus must sell around 400 million euros' ($523 million) worth of gold reserves under its bailout.

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Blame the Euro, not Cyprus

Co-CEO and co-founder of Saxo Bank, Lars Seier Christensen believes that the real problem is not Cyprus, it is the Euro, as he has written in his latest blog post. After a few disturbing weeks, I would like to wrap up my comments

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Investors wary of 'slow panic' after Cyprus rescue

  World markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to come.   They have sold Europ

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Cyprus rules out leaving Euro zone

The president of Cyprus yesterday said the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island&

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Cyprus reopens banks under tight curbs

  Cypriots banks reopen on Thursday with tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to prevent the country from going bankrupt.

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