Marios Skandalis, Director of the Group Compliance Division of the Bank of Cyprus Group, has been awarded the '2016 Banker of the Year-Cyprus' award by the internationally-acclaimed magazine Acquisition International of the Al Global Media Group.

cdbbank (Cyprus Development Bank) has been awarded as Best Corporate Bank Cyprus 2016 by the world renowned financial and business magazine Capital Finance International (CFI.co).

Flat and house prices rose in July to September 2016 an annual 0.6% and 0.9% respectively, the Cypriot division of the Royal Institute of Chartered Surveyors (RICS) said.

The consumer price index rose an annual 0.5% in January 2017, mainly on higher energy prices ending prolonged deflation period which started in June 2013, the statistical service said.

The annual rise in deposits to the Cypriot banking system is improving the banks funding structure, rating agency Moody's said as deposits rose by €3 billion in 2016.

Lebanon is finally getting serious about developing its offshore oil and gas reserves thanks to a reduction in domestic political tensions, a senior industry veteran told a high-profile energy conference in Athens recently.

The number of company registration applications in Cyprus have continued to increase for the 3rd consecutive year according to data released by the Department of the Registrar of Companies and Official Receiver (D.R.C.O.R.) of the Republic of Cyprus.

Chairman of the Maritime Institute of Eastern Mediterranean 'Marinem', Zacharias Shiokouros, has put forward a proposal aiming at promoting cruise tourism in the region.

A huge seafood restaurant, the first phase of the luxury ‘Castle Project’ at Larnaca’s Mackenzie beach is expected to be completed in May 2017.

Naguib Sawiris has started marketing his €220 mn Cypriot luxury real estate project, Ayia Napa Marina, to investors in the UAE, according to press reports.