City Nicosia, Cyprus Financial News

04.12 / 08:39

Chevron Discover Cyprus and Chevron reach a deal to develop an offshore natural gas field, ending years of delays

An official says the Cyprus government and U.S. energy company Chevron have reached a deal on how to develop the Aphrodite gas field, the first to be discovered under the seafloor off Cyprus

10.12 / 20:29

Provident MET Fighting prevention Investigations International Britain will provide intel to Cyprus to help fight Russia's sanctions evasion

Britain will provide intelligence to a newly formed unit in Cyprus tasked with preventing Russia evade international sanctions

09.12 / 16:47

UPS wellness President Justice Department Investigations International Cyprus and the US double down on a joint effort to combat financial crimes with more training

Cyprus and the U.S. say they’re doubling down on a joint effort to crack down on illicit finance with additional training of Cypriot law enforcement authorities to identify, investigate and prosecute financial crimes

23.11 / 11:47

Action Moodys President country 2020 International Destinations Moody's credit rating upgrade for Cyprus opens the door to investment, president says

The president of Cyprus says Moody’s two-notch credit ratings upgrade to A3 from Baa2 will open the threshold to quality foreign investment that will generate new jobs

22.11 / 14:37

UPS BLOCK Discover Southern wellness President composer ExxonMobil could partner up with Eni and Total to jointly develop natural gas deposits off Cyprus

Cyprus’ energy minister says ExxonMobil could partner up with a consortium composed of Eni of Italy and Total of France to jointly develop gas deposits they’ve discovered close to each other off the island nation’s southern coast

15.11 / 14:51

BLOCK Chevron Southern President country Inside exclusive Cyprus in talks with Gulf energy companies over natural gas licences, president says

Cypriot authorities are in talks with major energy companies from Persian Gulf states over potential natural gas reserves off the Mediterranean country's southern coastline, President Nikos Christodoulides told an energy conference Friday

21.10 / 05:35

BLOCK Digital Research wellness exclusive innovations prevention Cyprus thwarted a digital attack against the government's main online portal

Cyprus says it has successfully thwarted a digital attack aimed at blocking access to the government’s central online portal

18.10 / 13:03

Sustainability wellness Trade country Relationships International Risky Russian and Ukrainian business dealings dwindle with Cypriot banks that adhere to sanctions

Cyprus banks say their exposure to risky Russian and Ukrainian businesses shrunk by more than 13,000 clients and 35,000 accounts amounting to $2.17 billion in the year after Moscow’s 2022 invasion of its neighbor as they fully adhered to sanctions that...

17.09 / 19:13

COST Bill Trade country isolate Cyprus approves electricity cable to link its power grid with Greece's

Cyprus has approved a massive undersea electricity cable project to link its grid with Greece's

25.07 / 17:33

COST UPS show isolate Future of undersea electricity cable linking Greece, Cyprus and Israel will be decided next month

Cyprus' energy minister says the future of an electricity cable linking the power grids of Greece, Cyprus and Israel will be settled next month

18.07 / 13:31

COST UPS Southern Bill President 2020 Chinese-led consortium pulls out of contract to build Cyprus' first natural gas import terminal

A Chinese-led consortium has pulled out of its contract with Cyprus to build the island nation’s first natural gas import terminal over what it says was the Cypriot government’s failure to pay what it owed for work completed this year

17.06 / 11:37

markets UPS economy President country International Cyprus says no let-up to fiscal discipline course as S&P raises country's credit rating to BBB+

Cyprus says it won’t let up on a course of strict fiscal discipline while supporting economically vulnerable groups and the middle class after credit ratings agency Standard & Poors upgraded the country’s rating to BBB+ from BBB

10.06 / 15:39

UPS economy Fitch country shock Fitch raises Cyprus' credit rating by a notch to BBB+ thanks to resilient economy, fiscal discipline

The Fitch agency says it has raised Cyprus’ credit rating by a notch to BBB+

29.05 / 20:13

UPS Citi Progressive Southern President War Qatar's ruler looking to invest in energy, ports and high-tech in Cyprus, official says

The emir of Qatar is looking to invest in energy and high-tech in Cyprus — projects seen as having a strong economic potential

03.05 / 02:01

markets UPS Target Chevron Southern President Cyprus gives Chevron another 6 months to come up with a timetable on a natural gas field development

Cyprus has given Chevron another six months to come up with a revised plan to develop a sizeable natural gas deposit off the island nation’s southern coastline after an earlier plan was deemed lacking in a specific timetable

25.04 / 13:41

Provident Southern Trade War Freedom show EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi-held areas

A top European Union top military officer says a frigate that’s part of an EU mission in the Red Sea to protect merchant shipping has destroyed a drone launched from an area in Yemen controlled by Houthi rebels

26.03 / 15:53

Provident Fighting President Justice Department Investigations International US and Cyprus will sign a deal to fight money laundering and evasion of Russian sanctions

The United States and Cyprus say they’re formalizing their collaboration in fighting money laundering, sanctions evasion and other financial crimes

16.02 / 14:31

BLOCK Progressive Waters wellness show Inside Eni and TotalEnergies are swiftly developing natural gas deposits off Cyprus to supply Europe

Eni says drilling to appraise a third natural gas discovery in waters off Cyprus shows the commitment of the Italian energy company and its French partner TotalEnergies to swiftly develop the deposit and bolster energy supply to Europe

24.01 / 23:25

UPS Experts War country reports International Financial Cyprus sees Russian bank deposits plunge as it seeks to clean up its financial image

Official figures obtained by The Associated Press show that Cyprus has made headway in weaning itself off Russian cash and business as it tries to clean up its image

20.11 / 19:09

Provident President Experts show track country reports Investigations Cyprus president has invited foreign experts to help with Russian sanction evasion investigations

The president of Cyprus says he personally asked an unnamed “third country” to send an experienced team of financial crime experts to help the east Mediterranean island nation with investigations into old and new allegations that Cypriot financial serv...

08.11 / 12:07

Provident Cooper Action Fighting Chevron President country Cyprus official says Israel-Hamas war may give an impetus to regional energy projects

Cyprus’ energy minister says the political and economic ramifications from the ongoing Israel-Hamas war may provide an impetus to regional energy projects involving his country

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