Search

1. Canada and Saudi Arabia restore diplomatic ties after 6 years

Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....

2. Wizz Air's new aircraft brings exciting new destinations to Larnaca

Wizz Air, the fastest-growing airline in Europe and the greenest in the world, has announced the arrival of its third aircraft at its base at Larnaca Airport. With the arrival of this modern aircraft, three new routes will be launched to and from Dammam, Jeddah and Riyadh....

3. Credit Suisse borrows more than $50 billion from Swiss National Bank

Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....

4. Riyadh wants to acquire Formula 1

Whereas we used to say that the Chinese were buying everything, it appears that the Saudis are now following suit. According to well-informed sources cited by the news agency Bloomberg, ...

5. More routes and airline seats for the winter

The announcements by Ryanair in the morning and Wizz Air on Monday afternoon to increase the fleet at Cypriot airports and add new routes clearly pleased Hermes Airports and the tourism industry in general,...

6. Anastasiades and Saudi Crown Prince to strengthen bilateral relations

Cyprus President Nicos Anastasiades and the Crown Prince of Saudi Arabia Mohammed bin Abdulaziz bin Al Saud expressed their common will to further reinforce relations between Cyprus and Saudi Arabia,...

7. Tourism: Perdios pushes for direct flights to and from Saudi Arabia

Cyprus Deputy Minister for Tourism Savvas Perdios said there is serious momentum for establishing direct flights to and from Saudi Arabia, stressing that this possibility could unlock the Saudi tourism market for Cyprus....

8. Cyprus looking to boost ties with militarily-developed Gulf states

The enhancement of Cyprus’ relations with militarily-developed Gulf states constitutes a priority, Defence Minister Charalambos Petrides said Wednesday, against the backdrop of diplomatic developments with the United Arab Emirates (UAE) and Saudi Arabia....

9. Cypriot FM visits Gulf before US inauguration

Cypriot Foreign Minister Nikos Christodoulides flew to the United Arab Emirates on Monday to hold a private meeting with his counterpart, days after the two countries signed a military cooperation agreement but also days before a changing of the guard in Washington could spell trouble for US arms sales to Gulf states...

10. PwC’s city resilience framework

11. Cyprus 'golden visa' scheme returns to spotlight

Cyprus’ controversial citizenship-by-investment scheme was thrust into the spotlight once again after the investigative journalism platform Organized Crime and Corruption Reporting Project (OCCRP) published an in-depth report on the granting of a ‘golden passport’ to a senior member of the Saudi royal family and six of his family members....

12. Saudi minister makes historic visit to Cyprus

Foreign Minister of Saudi Arabia, Ibrahim Bin Abdulaziz Al–Assaf, paid an official visit to Cyprus on Wednesday, the first ever in the history of diplomatic relations between the two countries...

13. Genius or joker?

Loose cannon or influential statesman - what kind of British prime minister would Boris Johnson make on the world stage? Judging by his time as foreign secretary, possibly both...

14. UN asks Australia to consider resettling Saudi woman who fled family

15. Bloomberg reports on J&P Overseas downfall

16. Khashoggi's son forced to meet Saudi crown prince

17. Erdogan says journalist murder planned in Saudi Arabia

18. Turkey searches Saudi consulate again, as world condemns Saudi Arabia

19. Leoni Paraskevaides takes over J&P Overseas

There are new developments in the J&P Overseas saga in Riyadh, with the Cypriot company solidifying its leadership following an internal and legal battle that now appears to be over...

20. Cyprus and Saudi Arabia on a path of strengthening ties

Cyprus and Saudi Arabia are on a path of strengthening ties further, with the island preparing to hold a Cyprus chamber forum in Riyadh and the Kingdom looking to install an embassy in Nicosia...

21. J&P Overseas struggles to make things right

There is no end in sight in the bitter division within J&P Overseas, with one executive drawing on the company’s old glory to save the company while another pointing to mismanagement and threatening to take legal action....

22. J&P starts to pay workers again

J&P workers in Saudi Arabia finally got their December pay cheque following a protracted labour dispute with the management of the Cypriot company, which is facing a number of financial challenges. Cypriot workers are still waiting to get paid but it looks like they will have to wait until after the Easter holidays....

23. Saudi Arabia's first new cinema in decades to open

Saudi Arabia had some cinemas in the 1970s but its powerful clerics closed them"...

24. J&P Overseas in dire straits

The Cyprus-based J&P Overseas construction company is in a negative spotlight this week, after a series of damning letters sent by employees to Riyadh’s management were made public. The allegations are pretty ugly but the company vows to fix problems....