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181. How blockchain technology is reshaping financing

In this age of technology, digital transformation, and the omnipresence of the internet, alternative digital financing is emerging as an innovative and effective solution for both businesses and individuals in need of financial support....

182. Israeli Minister's prayerful visit to Riyadh signals thawing ties with Saudi Arabia

As a sign of movement on the road to peace with Saudi Arabia, Israeli Communications Minister Shlomo Karhi read from a Torah Scroll and prayed the morning service at his hotel in Riyadh together with others in his 14-member delegation....

183. Kasselakis' visit uncovers Cyprus crisis and Greek divide

Stefanos Kasselakis, the President of SYRIZA, finds himself in Cyprus amidst a whirlwind of controversy stemming from his recent use of the term "state" when referring to the illegal entity established by Turkey in northern Cyprus....

184. Cyprus banks secure Moody's upgrade to investment status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

185. Moody's boosts Bank of Cyprus and Hellenic Bank ratings to Baa2

Moody’s Investors Service has upgraded Bank of Cyprus’ and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the continued resilience of the Cypriot economy and credit conditions, which are leading to supportive operating conditions for Cypriot banks....

186. Violent clashes between tenants and property owners as rents spike 700%

A craftsman in Turkey, who has been diligently paying rent for two decades, now finds himself threatened with eviction due to an unexpected rent increase of nearly 700%. His monthly rent has surged from 3,200 Turkish lira (110 euros) to a staggering 25,000 lira (867 euros)....

187. NYC drowns under state of emergency from flooding

New York City began drying out Saturday after being soaked by one of its wettest days in decades, as city dwellers dried out basements and traffic resumed on highways, railways and airports that were temporarily shuttered by Friday’s severe rainfall....

188. 50 years of Cyprus Rally excellence

The Cyprus Rally, marking its remarkable 50th edition, promises an exhilarating spectacle from October 6 to 8, 2023....

189. Deputy Minister proposes joint tourist packages with Saudi Arabia

Cypriot Deputy Minister, Costas Koumis has proposed joint tourist packages between Saudi Arabia and Cyprus, focusing on the Saudi City of Neom which lies about two hours from Cyprus....

190. Delta offers $4,000 for flight delays

Overbooked flights are becoming more and more commonplace as airlines look to maximize capacity and profits. And smart flyers who aren’t in a rush can capitalize on those crowds, sometimes in a big way....

191. 2024 budget points to surplus and debt reduction

The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....

192. Foreign buyers flock to Cyprus real estate

Recent data on property sales in Cyprus reveal distinct trends in different provinces. Notably, the real estate landscape in Nicosia contrasts sharply with that of coastal provinces....

193. War in Ukraine nears potential 'dirty deal' conclusion

Thomas Friedman, American political commentator, author and weekly columnist for The New York Times, tells Kathimerini that the ongoing war in Ukraine will probably be resolved with “a dirty deal” that will include the loss of a part of eastern Ukraine in exchange for Kyiv’s accession to NATO and the European Union....

194. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

195. TechIsland Summit 2023: Cyprus on the fast track of becoming a tech island

TechIsland held its annual TechIsland Summit within the framework of the Reflect Festival on 20 September 2023....

196. Notorious Italian mafia boss succumbs to cancer after 30 years on the run

Italian Mafia boss Matteo Messina Denaro, who was convicted of multiple murders and was arrested in January after spending 30 years on the run, has died of cancer, officials said on Monday....

197. Eurobank to acquire Hellenic Financial Stability Fund stake

Eurobank Ergasias Services and Holdings S.A. has recently inked a conditional sale and purchase agreement with the Hellenic Financial Stability Fund. This agreement entails the acquisition of the Fund's entire stake in Eurobank's share capital....

198. Cyprus' 'Photovoltaics for All' cuts electricity costs by 50%

In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....

199. Christodoulides meets Guterres in New York

Cyprus President, Nikos Christodoulides, meets on Friday in New York with the UN Secretary General, Antonio Guterres. ...

200. Europe grapples with alarming air pollution crisis

Europe is currently in the throes of a severe public health emergency, marked by dangerously high levels of air pollution prevalent across nearly all regions of the continent. ...

201. Fontainebleau's $3.7 billion Vegas resort finally opens

After an arduous 23-year journey, real estate magnate Jeffrey Soffer is finally realizing his dream. On December 13, the Florida-based developer will unveil his latest masterpiece in Las Vegas—a stunning $3.7 billion resort boasting seven exquisite pools, an impressive array of 36 restaurants and bars, and an exclusive rooftop club that offers breathtaking skyline vistas....

202. 22 startups aim for 10K prize

Twenty-two startups hailing from Cyprus, Great Britain, Israel, and Greece are vying for the prestigious 10,000 euro prize at the 2023 Digital Agenda Cyprus Summit....

203. Consulco’s London Credit Fund; Existing & New Investment Opportunities

204. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

205. Italy's cry for help: Facing a migrant surge amid EU discord

Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration policy....

206. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

207. World-famous artist Botero breathes his last at 91

Fernando Botero, the Colombian whose voluptuous pictures and sculptures of overstuffed generals, bishops, prostitutes, housewives and other products of his whimsical imagination made him one of the world’s best-known artists, died Friday in Monaco. He was 91....

208. Christodoulides sets course for UN assembly and high-stakes talks

Cyprus President, Nikos Christodoulides, leaves on Friday for Athens where he will attended in the evening a dinner hosted in his honour by the Cyprus Union of Shipowners....

209. Arrest of UK researcher for spying fuels UK's China policy reevaluation

The arrest of a British parliamentary researcher on suspicion of spying for China has reignited a fierce debate about the future of the United Kingdom’s relationship with Beijing....

210. Is Cyprus banking sector heading for a shake-up?

The Cypriot banking sector is in trouble, and it looks like Eurobank is on the verge of acquiring Hellenic Bank. Meanwhile, Astrobank and CDB Bank's relationship has shifted from a "flirtation" to an "appointment."...