A Sheikh from Saudi Arabia has arrived in Cyprus looking to make investments on the island, on behalf of the Al Murjan group of companies, concerning large development projects worth millions of euros.

The European Commission announces it has adopted a ‘Partnership Agreement’ with Cyprus setting down the strategy for the optimal use of European Structural and Investment Funds (ESIF) in tackling the crisis and encouraging growth.

Americans are ready to invest in a multimillion Liquefied Natural Gas plant in Cyprus with or without a political settlement to the divided island's long-standing problem, diplomatic sources said recently.

Concept Solutions & Innovation Ltd, a Cypriot-based photovoltaic solutions provider, is financing a mega solar park project in India, a promising sector and the first ofits kind coordinated by a Cyprus company.

As part of its new summer schedule Gulf Air, the national carrier of the Kingdom of Bahrain, has launched additional flights to Larnaca in order to meet growing passenger numbers in light of the upcoming holiday season.

Fitch Ratings recently described Cyprus' return to the international markets as positive, but said it did not mean market access would be permanent as risks to the economy remained.

According to the latest EY forecast, Cyprus’ economy has been surprisingly resilient to the near-meltdown of its financial sector and an aggressive austerity program.

President Nicos Anastasiades presided at the recent official opening of the new Limassol Marina, describing it as “a jewel for Limassol and for Cyprus," stressing the importance of investments in the current climate.

Despite the robust programme implementation in Cyprus, risks remain to the stabilisation of the economy, with the greatest challenge lying with the health of the financial sector, the European Stability Mechanism said in its report for 2013.

Energy giant China National Offshore Oil Corp. (CNOOC) is reportedly in talks to buy 30 to 40% of the Aphrodite gas field in Cyprus’ offshore Block 12.