Cyprus has ranked first in the EU in terms of per capita absorption of funds from ‘Horizon 2020’ Research and Innovation Programme, Dr. Vassilis Tsakalos, General Director of the Cyprus Research Promotion Foundation (RPF), has said CNA. Cyprus has absorbed approximately €90 million funds so far which correspond to 245 projects implemented by research and […]

According to Lebanon’s Central Bank or Banque du Liban (BDL)’s balance sheet, total assets of the bank reached $118.3 billion at the end of 2017, rising by $15.9 billion which is 16% increase compared with the previous year. Moreover, the securities’ portfolio of the Central Bank increased by $3.4 billion, or 13 percent and reached […]

Ioannis Kasoulides, Minister of Foreign Affairs of Cyprus and Mohammad Abdullah Al-Jadaan, Minister of Finance of Saudi Arabia, signed an agreement for Double Taxation Avoidance (DTAA). During the historic visit of president Nicos Anastasiades to Saudi Arabia, in order to improve Cyprus relations with the Gulf countries, a number of bilateral agreements have signed between […]

Following Iran’s nuclear deal, many foreign insurance companies specially from Italy, Germany and from the UK announced their willingness to invest in Iran’s insurance industry. For instance, Munich Reinsurance Company officials, one of the world’s leading reinsurers, signed a contract with Saman Insurance Company in July 2017 to provide reinsurance coverage in life and capital […]

This year three Cypriot start-ups have represented Cyprus at Web Summit in Lisbon, Portugal. Web Summit is the largest technology event in the world. This year the organizers welcomed nearly 60,000 attendees, over 1200 speakers and 2600 journalist from more than 170 countries. Web Summit started in 2010 and it is organized annually since then. […]

According to Alireza Parvaneh, the manager of Food and Beverage Department of Refah Chain Stores Company, chain stores have about 9.2% share in Iran’s retail market. This percentage was about 7% last year and only 3% five years ago, which shows an increasingly rise in number of chain stores in Iran. Although this share compared […]