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Maldives axes political appointees to reduce public costs

ISTANBUL: Maldives has axed dozens of political appointees as a ‘direct cost-cutting measure’ amid dwindling foreign reserves, according to a statement on Tuesday. President Mohamed Muizzu removed 228 political appointees from various government ministries as part of ‘economic reform agenda, aimed at reducing government expenditure,’ the statement from his office

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PRESS RELEASE – OEB

CHANGE OF THE DATE OF OEB’s AGM New Date: Wednesday 07.05.2025 15 October, 2024 SAVE THE DATE To All OEB Members Dear Sir or Madam, OEB’s ANNUAL GENERAL MEETING – Wednesday, 7 May 2025 For your planning purposes, please note that the Annual General Meeting of the Cyprus Employers and

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THAAD in focus: US missile defense system soon to be deployed in Israel

ANKARA: Following the Pentagon’s decision to send a Terminal High Altitude Area Defense (THAAD) battery and military personnel to Israel amid rising tensions with Iran, the technical capabilities of the system have drawn considerable attention. Anadolu has compiled details of the THAAD system, a highly regarded air defense technology designed

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Funds under management for collective investment at pound 9.4 billion

Assets under management of collective investment firms registered in Cyprus amounted to pound 9.4 billion, marking a quarterly increase of 2.9% whereas assets declined by 12.8% compared with the respective period of last year. According to a statistical bulletin titled ‘Management Companies and Undertakings of Collective Investments,’ issued by the

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