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    ECONOMIC NEWS 6.2024

    20/06/24 Philenews reported that Simon Mistriel Aykoot, who was arrested on June 7th on suspicion of usurping Greek Cypriot property in the occupied territories, is facing a total of 124 charges. The court will decide today if he will remain in custody. Police investigators have secured evidence from the Israeli authorities, following a request for...
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  • The Finance Committee Reveals Its Agenda

    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...
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  • זוג בקורונה בשדה תעופה

    Coronavirus Affects The Middle East Energy Market

    The new plague known as the corona virus keeps the world on alert. The price of the oil stock prices was already worryingly low. In the energy market, the mineral better known as black gold (oil) has been unstable since 2018.The new virus definitely caused the price to drop to...
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  • דגל ישראל

    Is Israel facing a great opportunity in the gas market?

    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...
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  • From left to right: Eran Cohen, Leon Amiras, Ambassador Salina Shambos, Mr. Sofronis Papageorgiou and Gastón Saidman.

    Israel and Cyprus launch commercial and parliamentary cooperation

    The meeting was attended by the President of the Chamber of Commerce Israel Cyprus, Adv. Leon Amiras, the General Manager of the Chamber of Commerce, Mr. Eran Cohen, the Ambassador of Cyprus in Israel, Ms. Salina Shambos and the Head, Commercial and Economic Affair  Mr. Sofronis Papageorgiou. The meeting was...
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  • דגל קפריסין

    The gas era will revolutionize the Middle East

    Oil was always the most used mineral because of its use in the development of multiple products that are necessary for our daily lives without us even realizing it, such as the construction of asphalt, plastic to create a simple pen and even the ink for the pen. Although the...
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  • דגל ישראל

    Israel-Europe gas pipeline MoU signed

    Energy Ministers from Israel, Greece, Italy and Cyprus agreed to push ahead with the 2,100 kilometer pipeline linking Israel and Italy. Ministers of Energy from Israel, Cyprus, Greece and Italy today signed in Cyprus a memorandum of understanding (MoU) for the laying of an underwater gas pipeline from Israel to...
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  • דגל קפריסין

    S&P upgrades Cyprus on ‘gradual recovery’

    in a statement, it said that it “has raised its foreign and local currency long-term sovereign credit ratings on the Republic of Cyprus to ‘BB’ from ‘-BB-’.” At the same time the ratings agency affirmed its ‘B’ foreign and local currency short-term sovereign credit ratings on Cyprus. “We expect the Cypriot...
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