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Nouman Ali

Reformed EU VAT Rules for E-commerce Yield Over £33 Billion in 2024

Brussels: New figures from Member States indicate that the European Union’s reformed VAT rules for e-commerce have successfully generated over £33 billion in revenue in 2024. This development, stemming from reforms initiated in 2021, showcases the effectiveness of the One Stop Shop (OSS) and Import One Stop Shop (IOSS) systems.

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Warm Air Mass Influences Cyprus Sea Area, Low Clouds Expected at Night

Nicosia: The Cyprus Department of Meteorology has issued a forecast for the sea area of Cyprus, indicating that a seasonal low-pressure system and warm air mass are impacting the region. The forecast, covering an area extending 8 kilometers seawards, predicts mainly fine weather conditions. According to Cyprus News Agency, the

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Extensive Heatwave Hits Cyprus, Expected to Peak July 24-27

Nicosia: Cyprus is affected by an extensive heatwave since Monday, expected to peak between 24-27 of July. Temperature is expected to rise between 42-44 degrees Celsius and the highest temperature in the mountainous areas will be around 32-35 degrees, the Meteorology department says. According to Cyprus News Agency, the highest

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Cyprus Stock Exchange All Share Index Update

Nicosia: The Cyprus Stock Exchange (CSE) All Share Index concluded its recent stock exchange meeting, reflecting the current market dynamics. According to Cyprus News Agency, the meeting date was noted as July 22, 2025. The indices base values were recorded as FTSEMed at 5000 and others at 1000. These figures

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Scorching Heat Expected on Wednesday, Met Office Warns

Nicosia: The maximum temperature is expected to rise to around 43 degrees Celsius over the inland areas on Wednesday, and the Department of Meteorology issued on Tuesday afternoon an orange extreme maximum temperature warning. According to Cyprus News Agency, the warning will be valid from 1200 until 1700 on Wednesday.

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