Cyprus-Israel

By: Gastón Saidman Israel's geographic location offers investors access to the Mediterranean Sea and, thanks to the Abraham Accords, to the Middle East. While the war situation in the region is not the most demanding, the Israeli business community knows how to distinguish between the Palestinian population and the Hamas...

31/03/25 ENERGY NEWS The completion of drilling at the ‘Electra’ field in Block 5 of Cyprus’ Exclusive Economic Zone (EEZ) has been pushed forward for a few days due to minor delays caused by geological pressures affecting the drill rig, Energy Minister George Papanastasiou said. Politis reported that the advent of natural gas will...

25/02/25 ISRAEL RELATED The Cyprus Chamber of Commerce & Industry posted on social media that its president & Secretary General welcomed the Ambassador of Israel Oren Anolik, for a constructive discussion on trade relations and investment opportunities.Recognizing the historically close ties between the two nations, they focused on strengthening economic collaboration,...

31/01/25 ENERGY NEWS There was a debate in Turkey’s parliament concerning drilling work being carried out by ExxonMobil and QatarEnergy in Block 5 of Cyprus’ exclusive economic zone (EEZ). Ruling AK Party deputy leader Leyla Sahin Usta explained that according to maritime claims recognised by the Turkish government, Block 5 belongs to Egypt and not...

During the last year, due to the failed attempts to create a government in Israel, the parliamentary committees were inactive; with only the Finance Committee being allowed to continue working in order to deal with issues such as the annual budget and the possibility of having control over the budget...

In recent weeks, the Persian Gulf was the scene of violent events that are viewed as acts of aggressive offensive by Iran in response to US sanctions, and it is obvious that the tension influences the energy market. However, the price of crude oil did not rise as expected. The...