Egypt’s natural gas exports are expected to rise to 7.5 million tonnes by the end of this fiscal year, Petroleum Minister Tarek El-Molla said on Thursday. Egypt’s gas exploration plan for the fiscal year 2022/2023 is expected to add 450 million cubic feet to gas production per day and 17,200… Cyprus Mail …
Tightening monetary policy now to rein in inflation could choke off the euro zone’s recovery, European Central Bank President Christine Lagarde said on Monday, pushing back on calls and market bets for tighter policy. With inflation already twice its 2 per cent target and likely rising further later this year,… Cyprus Mail …
As major companies look at drastic ways to cut carbon emissions from corporate travel, airlines are bracing for a major hit to business-class travel, a key revenue driver, industry executives and experts say. Several companies, such as HSBC (HSBA.L), Zurich Insurance (ZURN.S), Bain & Company and S&P Global (SPGI.N), have… Cyprus Mail …
A former official has accused the Turkish Statistical Institute (Turkstat) of manipulating inflation data, Ahval reported on Wednesday. Turkey’s last inflation report in July was at 18.95 per cent. This is just below the level of key interest rate at 19 per cent. The governor of the central bank, Sahap… Cyprus Mail …
A decade ago, private equity couldn’t get enough of plastic packaging. They snapped up companies making bags, films and trays to contain everything from food and fashion to drink to drugs, drawn by reliable cash flows and consolidation prospects. But now the sector’s not quite so in vogue. Many buyout… Cyprus Mail …
Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Despite plentiful reserves and a rich mining history that gave rise to elaborate Pharaonic gold jewellery, Egypt has just one commercial gold… Cyprus Mail …
Britain’s top EU adviser David Frost on Sunday defended Britain’s unilateral move to smooth post-Brexit trade between Britain and Northern Ireland, over which the EU has promised to launch legal action for breaching the terms of the Brexit deal. Writing in the Sunday Telegraph, Frost said that The European Union… Cyprus Mail …
A revamped Alitalia, renamed ITA will start with 45 planes, have around 4,500 workers and get just over €1 billion ($1.2 billion) in state support, less than half of what was previously envisaged, newspaper La Repubblica reported on Tuesday. Newly-appointed Prime Minister Mario Draghi met with the transport, economy, industry… Cyprus Mail …
The Cyprus Securities and Exchange Commission (‘CySEC’), the financial regulatory Authority of Cyprus, has launched a dedicated section on its website to serve as a Brexit Information Hub (accessible here), aiming at facilitating a seamless navigation of Brexit related information and the compliance of interested parties with legal obligations following… Cyprus Mail …
Amsterdam surpassed London as Europe’s largest share trading centre last month, the Financial Times reported on Wednesday. The Netherlands scooped up business lost by the UK since Brexit. An average €9.2 billion shares a day were traded on Euronext Amsterdam and the Dutch arms of CBOE Europe and Turquoise in January, a… Cyprus Mail …