INSEAD Day 4 - 728x90

Cyprus

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.
  • Nicosia, Cyprus -- Cyprus and Egypt on Monday signed an agreement with an energy consortium to export gas from the Mediterranean island's offshore fields to Europe after being processed in the North African country. Egypt, alongside Italian energy giant Eni and France's TotalEnergies, have agreed to "collaborate to commercialise the natural...
  • Israel-Hezbollah tensions drive fears of widening Gaza war

    Hezbollah chief Hassan Nasrallah's group and Israeli forces have exchanged near-daily fire since Hamas's October 7 attack on southern Israel triggered the Gaza war
  • Israeli troops leave behind trail of destruction at Gaza hospital

    Palestinian Territories - Israeli forces on Monday pulled out of Gaza's largest hospital complex after an intensive two-week military operation, leaving behind charred buildings and bodies strewn at the sprawling complex. Israel said it had battled Palestinian fighters hiding inside Gaza City's Al-Shifa Hospital, killed at least 200 enemy fighters...
  • Deadly chaos at Gaza aid distribution as WHO renews hospital warning

    UN agencies have warned repeatedly that northern Gaza is on the verge of famine and called it a man-made crisis because aid lorries are backed up on the Egypt-Gaza border awaiting long checks by Israeli officials. Israel has denied responsibility.
  • Second aid ship prepares to leave for Gaza from Cyprus

    According to Cyprus foreign ministry spokesperson, the ship will depart for Gaza today even as US charity World Central Kitchen said that the Jennifer had been loaded with 240 tonnes of food but that rough weather made it hard to predict when it would set sail for the Gaza Strip.
  • US charity says aid unloaded, ready for delivery in Gaza

    A US charity said its team in the war-ravaged Gaza Strip had finished unloading the first maritime aid shipment to reach the besieged territory. "All cargo was offloaded and is being readied for distribution in Gaza," World Central Kitchen said in a statement, noting that the aid was "almost 200...
  • Seven children among 22 dead as boat capsizes off Turkish coast

    Istanbul, Turkey - Twenty-two migrants including seven children have drowned after a boat capsized off the Turkish coast, local officials said on Friday. Two people were rescued by the Turkish coastguard and another two managed to make it out of the water on their own, officials said. The victims' nationalities were...
  • Germany joins operation to airdrop humanitarian aid into Gaza

    "The people in Gaza are lacking the most basic necessities. We want to do our part to ensure that they get access to food and medicine," said Defense Minister Boris Pistorius.
  • Gaza war rages on as Islamic holy month of Ramadan begins

    As the Muslim world welcomed Ramadan with the customary daytime fast, many Gazans awoke to bombardment that saw residents once more search through the rubble of destroyed homes for survivors and bodies.
  • Aid boat ready to set sail from Cyprus for Gaza

    A boat laden with food for Palestinians in war-ravaged Gaza was "ready" to set sail from Cyprus, an NGO said, as fighting raged between Israeli troops and Hamas ahead of Ramadan. The sea route aims to counter aid access restrictions, which humanitarians and foreign governments have blamed on Israel.
  • US plan for Gaza aid transfer through sea dismissed by UN expert

    In his annual State of the Union address to Congress, President Joe Biden said the US military would "lead an emergency mission to establish a temporary pier in the Mediterranean on the coast of Gaza that can receive large shipments carrying food, water medicine and temporary shelters."
  • European Union to increase Gaza humanitarian aid by $27mn

    "By doing so the European Union will spend a total of 100 million euros in humanitarian aid for the civilians in Gaza," EU chief von der Leyen told EU diplomats in Brussels. Von der Leyen said flows of aid into Gaza from Egypt "remain too small" and the EU was...
  • First group of evacuees from Israel aboard US ship lands in Cyprus

    Nicosia, Cyprus - A first group of evacuees from Israel arrived in Cyprus on Tuesday aboard a US-chartered cruise ship as the island's authorities announced plans for a twice-daily ferry link for those wishing to leave. The 159 evacuees on board the Royal Caribbean cruise ship Rhapsody of the Sea primarily...
  • US to evacuate nationals from Israel by ship on Monday

    Tens of thousands of US passport holders live in Israel and 29 have been confirmed killed in the Hamas attacks on October 7. Another 15 are missing and believed to be among hostages held by Hamas since the attacks.
  • Greece and Saudi Arabia agree to link their power grids

    Athens, Greece - Greece and Saudi Arabia announced their agreement to establish a jointly-owned company with the goal of connecting their power grids. This marks the initial phase of their ambitious plan to provide Europe with more affordable green energy, according to a statement from the Greek energy ministry, as...
  • Lebanon forces rescue 27 Syrian migrants in sinking boat

    The navy, with support from the civil defense, "was able to rescue 27 illegal migrants aboard a rubber boat that was sinking off the Chekka coast"
  • Cyprus marine police rescue 86 migrants off the coast

    Cypriot authorities say there has been a rise in the number of migrants arriving by boat this year, with a 60 per cent increase recorded in the first five months. Most irregular migrants arriving by sea board boats in the Syrian port of Tartus, and these vessels are usually detected...
  • Turkey slams ‘unacceptable’ UN approach to Cyprus row

    ISTANBUL, TURKEY - Turkey's ruling party spokesman on Saturday criticized UN peacekeepers for blocking the construction of a controversial road in the buffer zone dividing Cyprus, calling their attitude "unacceptable" and "extremely wrong". A confrontation occurred on Friday between Turkish Cypriot forces and UN peacekeepers in Pyla, an ethnically mixed village...
  • Turkish Cypriot forces assault Cyprus peacekeepers: UN

    The confrontation occurred in Pyla, an ethnically mixed village in the UN-patrolled area between the internationally recognised Republic of Cyprus in the south and a breakaway Turkish Cypriot statelet in the north. Video widely shared on social media showed bulldozers pushing away UN-marked SUVs, cement barriers and razor wire as...
  • Jordan and Cyprus to deepen energy, trade, tourism ties

    Amman, Jordan-- Jordan and Cyprus are looking to boost cooperation in energy, trade, industry and tourism sectors in order to deepen the overall partnership between the two countries. In this regard, King Abdullah and Cyprus President Nikos Christodoulides met on Tuesday at Al Husseiniya Palace, and discussed enhancing cooperation in...
  • Jordan Army chief, Cyprus defense minister discuss ties

    AMMAN, JORDAN -  Chairman of the Joint Chiefs of Staff Maj. Gen. Yousef Huneiti received Cyprus Defense Minister Charalambos Petrides on Thursday as part of a series of meetings organized by the Jordan Armed Forces (JAF) to boost cooperation with other countries.Huneiti reaffirmed the "deep-rooted ties" that are based on...
  • After Israel, Lebanon eyes Cyprus maritime border deal

    Cyprus, which has aspirations of becoming a major energy player in the eastern Mediterranean, has a key exclusive economic zone, divided into 12 blocks and potentially rich in gas. "The cooperation with Cyprus is not like the cooperation with the Israelis, the enemy state," said Elias Bou Saad, deputy speaker...
  • Turkey, Libya sign maritime hydrocarbons agreement

    Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in 'Libyan waters'.
  • 61 dead in migrant shipwreck off Syria coast, says Lebanon

    At least 61 migrants drowned when a boat they boarded in Lebanon sank off Syria's coast, a Lebanese minister said, the deadliest such shipwreck from Lebanon in recent years.
  • Turkey to drill for gas in Mediterranean early next month

    Turkey will resume gas exploration off its coast in the Mediterranean on August 9, the energy ministry said Tuesday. "Turkish drilling ship Adbulhamid Han will start a mission in the Mediterranean on August 9 departing from the Mersin port" in the south of the country, it said in a statement.
  • Turkey to resume drilling for gas near Cyprus: minister

    Turkey next month will resume drilling operations near the divided island of Cyprus, a top official said Wednesday, threatening to spark a new diplomatic row with the EU. The European Union came close to sanctioning Ankara in 2020 for pushing into contested east Mediterranean waters in search of fresh natural...
  • UAE, Cyprus to strengthen relations in multiple sectors

    Anwar Gargash, Diplomatic Adviser to UAE President, discussed developing ties across various domains with Minister of Foreign Affairs of the Republic of Cyprus. In a meeting held in Dubai, the two reviewed issues of common concerns and means to enhance cooperation to promote progress, prosperity and development of both countries....
  • Saudi crown prince plans Turkey visit

    Saudi Arabia's crown prince expects to travel to Turkey next month, a Saudi official told AFP Wednesday. The trip by Crown Prince Mohammed bin Salman, the kingdom's de facto ruler, will also include stops in Egypt, Cyprus and Greece, said the official, who requested anonymity because he was not permitted...
  • Six dead, 48 rescued after migrant ship capsizes off Lebanon

    At least six people died, including a little girl, and almost 50 others were rescued after a migrant boat capsized off Lebanon, state media said, in the latest tragedy at sea off the crisis-hit country. The boat capsized on Saturday night near the northern port city of Tripoli, the departure...
  • EU parliament demands to end ‘golden passport’

    The Parliament has asked member states to ban Russian applications of 'golden passport' as Russian in particular benefit from these systems.
  • Israel president heads to Greece to calm ally ahead of Turkey visit

    Relations between majority-Muslim Turkey and the Jewish state froze over after the death of 10 civilians in an Israeli raid on a Turkish flotilla carrying aid for the Gaza strip in 2010.
  • Cyprus minister blames Turkey for migration ’emergency’

    Around 4.6 percent of the country's population now are asylum seekers or beneficiaries of protection, the highest ratio in the EU.
  • Godsend or ‘ghetto’: Syrian migrants flock to small Cyprus town

    The Cypriot government says the divided country has the highest number of first-time asylum applications in the European Union per capita.
  • Wildlife revives in ‘dead zone’ of Cyprus

    The abandoned village of Cyprus became a "haven" for rare plants and animals as well as a "wildlife corridor" that links otherwise fragmented environments right across the island.
  • Extradition of row-hit mom, son puts Cyprus in politically-charged battle

    The mother, 61, and her son, 39, were arrested on December 8 under a warrant issued by the Chinese authorities for alleged investment fraud in China between March 1, 2013 and March 31, 2014. The pair are due in court in the resort town of Paphos for the resumption of...
  • Cyprus, Jordan sign bilateral deals, discuss regional developments

    Jordan's King Abdullah II paid an official visit to Cyprus on Friday for talks with President Nicos Anastasiades, during which several bilateral accords were signed, officials said. Following a military guard of honour, Anastasiades and Abdullah held a private meeting and exchanged gifts.
  • Qatar and ExxonMobil sign Cyprus gas deal despite Turkey opposition

    US giant ExxonMobil and Qatar Energy signed a contract Friday for oil and gas exploration and production-sharing off the divided island of Cyprus despite Turkey’s opposition to the deal. Cypriot Energy Minister Natasa Pilides, Varnavas Theodosiou, CEO of ExxonMobil Cyprus, and Ali al-Mana, director of Qatar Energy’s International Upstream and...
  • UAE, Greece, Cyprus foreign ministers hold tripartite meeting

    The three leaders also reviewed issues of common interest, the situation in the region, along with regional and international developments.
  • Cyprus seeks to suspend asylum applications

    In the first 10 months of the year, 10,868 irregular migrants arrived in Cyprus, 9,270 having illegally crossed the island's dividing line in a "prescribed and conscious policy by Turkey", he said. The current flows added to the more than 33,000 people already illegally residing in the republic, the government...
  • UAE and Cyprus look at ways to boost trade, cooperation

    Foreign ministers of the United Arab Emirates and Cyrus reviewed bilateral relations and ways to boost trade between the two countries at a meeting in Nicosia.
  • Israel to build Cyprus electronic surveillance system

    The surveillance system will monitor activity such as smuggling and illegal migration, as well as provide military intelligence
  • Sunny but isolated, Cyprus toils to boost green energy

    Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy and Climate Plan.
  • Cyprus becomes safe haven for fleeing Lebanese

    Since the start of the crisis in 2019, several thousand Lebanese have emigrated, many of them to Cyprus.
  • Syrian oil spill moves away from northern Cyprus

    Emergency workers tried to contain the spillage by roping it off with booms tossed from ships some 15 nautical miles off the shore
  • Israel asks for international help to fight forest fires

    Foreign Ministry spokesman Lior Haiat told AFP Greece and Cyprus had agreed to send firefighting planes to Israel
  • Between the Holocaust and Israel: the Jews jailed on Cyprus

    Between August 1946 and February 1949, more than 52,000 Jews taken off 39 boats were detained in a dozen camps in Cyprus
  • A year after the mushroom cloud, Lebanon still bleeds

    Footage of the fireball erupting above the port and the white blast mushroom soaring skywards and tearing through the city drew inevitable comparisons with Hiroshima and Nagasaki.
  • Four dead as forest fires rage in Lebanon, Syria, Turkey

    The fire in Syria spread from Lebanon, while Turkey saw a separate series of blazes; in all, four people have been reported dead.
  • Greece, Cyprus win Jordan backing against Erdogan resort plan

    Erdogan has vowed ‘life will restart in Varosha’ during a visit to mark 47 years since the invasion that split Cyprus.
  • Turkey rejects UN Security Council criticism over Cyprus

    Western powers including the United States and France expressed outrage and the UN Security Council issued a condemnation that Ankara swiftly rebuffed.
  • Over half of ‘golden passports’ were illegal: Cyprus inquiry

    Nicosia allowed investors to acquire a passport in exchange for an investment of $3 million Scheme was dropped after a documentary showed a Chinese businessman with criminal record seeking passport   Cyprus’ tarnished passports-for-cash scheme to attract investors operated with minimal oversight and thousands of passports were issued illegally, the...