The ongoing unrest in the Middle East has triggered a global energy crisis, with oil prices soaring, at one point…
Cyprus government calls out “exaggerated” foreign media coverage as tourism season hangs in the balance
President Nikos Christodoulides chaired an emergency meeting with tourism sector stakeholders at the Presidential Palace on Wednesday, as the government…
Gulf trio review sovereign investments to offset Iran war impact, official says
Three Gulf states are reviewing how they deploy trillions of dollars invested by their sovereign wealth funds in anticipation of…
The Strait of Hormuz isn’t just an energy story — it’s a food, medicine and plastics story
A disruption to global oil supplies would do far more than push up petrol prices. Crude oil is the raw…
Halloumi exports threatened as Cyprus risks exclusion from EU market over foot-and-mouth culling
Cyprus risks being excluded from the European Union’s single market if it unilaterally ends the culling of animals affected by…
IEA proposes largest ever oil release from strategic reserves, WSJ says
The International Energy Agency has proposed the largest release of oil reserves in its history to restrain soaring crude prices…
Elias Neocleous & Co LLC advises on Pelagic Credit Plc’s USD 75 million private placement and listing on Euronext Growth Oslo
Elias Neocleous & Co LLC acted as Cyprus legal counsel in connection with the successful completion of the USD 75…
Airlines raise flight prices as Middle East conflict drives jet fuel surge
Qantas Airways and Air New Zealand have announced fare increases after jet fuel prices nearly doubled in the wake of…
Pound rises against dollar amid Middle East tensions and falling oil prices
The pound rose against the dollar on Tuesday as hopes for a de-escalation in the Middle East conflict pushed oil…
Iran war sends Cyprus hotel bookings down 25-30% but industry expects recovery
Cyprus’s tourism industry has been disrupted by cancellations following the US-led war against Iran and the drone strike on RAF…