Cyprus Financial News

Heritage Foundation senior fellow Brent Sadler reacts to BP pausing Red Sea oil shipments after Houthi attacks on Varney & Co.

Binance has officially withdrawn its application for a financial license in Abu Dhabi, according to Reuters. This move is indicative of the exchange’s ongoing reassessment of its global operations and licensing requirements.

Western officials say sanctions against Russia’s billionaires are meant to isolate President Vladimir Putin, choke off support for his war and turn powerful business allies against him

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

NICOSIA (Reuters) — Euro zone inflation will carry on declining in the months ahead but at a slower pace, Bundesbank President Joachim Nagel was quoted as telling Cypriot newspaper Kathimerini on Sunday.

Cayman Islands and Cyprus contracted significantly during April-September this fiscal as the overall inflows declined by 24 per cent, according to the government data. FDI from Cayman Islands dipped 75 per cent to USD 145 million during April-September from USD 582 million in the same period last fiscal, the data showed.

Crypto investment platforms eToro and M2 received various degrees of approval to offer their services in the United Arab Emirates from the ADGM Financial Services Regulatory Authority, which oversees the UAE’s international financial center, the Abu Dhabi Global Market (ADGM).

NEW DELHI : Halloumi, the globally renowned, distinctive variety of cheese produced in Cyprus, had the country’s government saying there’s no moving their cheese. Cyprus successfully restrained an Indian entity from getting Halloumi registered as a trademark in India. The government of Cyprus objected to Ahmedabad-based Flavi Dairy Solutions’ application to register a figurative trademark containing the expression ‘Halloumi’.

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...

Leaked settlement deeds reveal just how far ANZ bank had to go to end one of Australia’s most high-profile court claims stemming from a spectacular corporate receivership.

Cyprus Confidential is an eight-month collaboration by more than 270 journalists and 69 media organisations in 55 countries, to investigate a huge trove of leaked documents from companies that administer shell companies, in Cyprus and other jurisdictions typically used by companies wanting secrecy.

A massive leak of documents has exposed how accounting giant PwC’s Cyprus arm scrambled to help Russian oligarchs facing the threat of sanctions in March last year, moving assets out of their names in the first days of the Ukraine invasion.

Tufton is an investment manager focused on the shipping industry, with $1.1bn of assets under management across a number of funds, including Tufton Oceanic Assets, which holds £400m in assets, according to the Association of Investment Companies | Credit: iStock

Coronavirus that poses a lethal threat to cats, sparking fears of a potential threat to the feline population.

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

Cyprus is set to introduce stringent penalties for unregulated cryptocurrency service providers (CSPs), according to the Cyprus Mail . The government has submitted a legislative amendment to the «Prevention and Suppression of Money Laundering Law,» aiming to align the country with international anti-money laundering (AML) and combating the financing of terrorism (CFT) standards. The amendment was presented to the Parliamentary Committee on Legal Affairs on October 10, 2023.

best Forex brokers with high leverage listed are RoboForex and Exness, both offering a staggering 1:2000 leverage with minimal investments of $10 and $1, respectively. These brokers, along with others like InstaForex and Weltrade, are regulated by various international bodies, ensuring traders' capital is at risk within a governed framework. Despite the attraction of high profits, the study reveals that between 70% and 80% of retail investors incur losses in trading Forex instruments and CFDs.

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Cyprus authorities would soon impose hefty penalties on crypto asset service providers (CASPs) that are found offering services without registering with the country’s regulator – the Cyprus Securities and Exchange Commission (CYSEC).

One of the friendliest European jurisdictions to crypto, Cyprus, might bring its industry regulation to tighter standards. According to an Oct. 10 report by the Cyprus Mail, the local Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law. 

Fidias Panayiotou, a popular YouTuber and social media comedy sensation, is now in the spotlight of the Bangalore Metro Rail Corporation Limited (BMRCL) for allegedly riding the city's mass transit system without a valid ticket and flaunting this act on his social media platform. Fidias, a Cyprus-based content creator, who humorously labels himself a 'professional mistake maker' on his social media profiles, boasts a substantial following of over 2.26 million subscribers on his YouTube channel. Recently, he shared a video titled 'How to sneak into the Indian Metro,' which quickly went viral. The BMRCL's Managing Director, Anjum Parwez, expressed strong disapproval, stating, «I have seen the video of a person entering the platform without a ticket and traveling on the Metro.