EgyptAir planes have been involved in a number of deadly crashes and hijacking incidents during the past 30 years.-1985: Group of gunmen forced an EgyptAir flight from Athens to Cairo to land in Malta and killed five passengers. Fifty-five others died…
Category: Market
CYPRUS: “We need to do more for shipping”
Demetriades repeated recent statements that a government team is preparing a study to restructure the shipping sector altogether, both the public services and the infrastructure for the private sector. He also said that although shipping in Cyprus has …
Our Kind of Traitor: financial crime experts review le Carre adaptation
Hot on the heels of The Night Manager, comes Our Kind of Traitor, in cinemas now, another John le Carre adaptation. More organised crime, but this time about a Russian money launderer who is seeking refuge in the UK in return for offering all the accou…
The Commonwealth is not an alternative to the EU for Britain
A key question in the debate about Britain’s future in Europe concerns the alternative global economic connections available to the UK. The North American Free Trade Agreement, the European Free Trade Association and free-wheeling bilateralism all have…
Superannuation ‘objective’ likely to be captured by industry
As the government moves closer to enshrining the objective of superannuation in legislation, it’s worth considering the unintended consequences that could come from such a move.Based on recommendations of the Financial Systems Inquiry (FSI), chaired by…
ICAO Council president Aliu and Nigerian president Buhari find common ground on aviation development priorities
The President of the Council of the International Civil Aviation Organization (ICAO), Dr. Olumuyiwa Benard Aliu, met and held high-level discussions this week with the President and Head of State of the Federal Republic of Nigeria, H. E. Muhammadu Buha…
ASEAN EDITORS SIGN RESOLUTION TO ENHANCE MEDIA COOPERATION TO PROMOTE ASEAN
The ASEAN Editors Summit 2016 today signed a resolution on enhancing media cooperation to promote the ASEAN identity,awareness and integration. Media representatives from Malaysia, Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, …
CYPRUS: Exit from bailout, to repay ESM in 2025-2031
Cyprus used up only EUR 6.3 bln from the ESM, plus EUR 1 bln from the IMF, out of a EUR 10 bln envelope agreed with creditors in March 2013. That was due to private participation in bank recapitalisation and early restoration of market access. However,…
CYPRUS: FBME accuses Central Bank of fraud
The bank came under administration after the Cyprus regulators, acting on the behest of the US FinCEN authorities, claimed that FBME Bank was involved in money laundering and harboured accounts held by illegal or even terror groups. The claims have bee…
Kenya Prosperity Fund: Call for Project Bids for 2016/17
The 2015Strategic Defence and Security Reviewannounced a pound;1.3bn Prosperity Fund over the next 5 years to promote the economic reform and development needed for growth in partner countries. Our global priorities will include improving the business …
Why Vladimir Putin will hardly flinch at Panama paper cut
The world remains gripped by the revelations made in the papers leaked from Panamanian law firm Mossack Fonseca. But Moscow has greeted the coverage with what might be characterised as calm indifference.Aware that president Vladimir Putin would be link…
Adam Afriyie Trade envoy to Ghana’s speech at the launch of Business is GREAT
Honourable Ministers, distinguished guests, ladies and gentlemen It is a great pleasure for me to visit Ghana, from where so much of my own family heritage comes, on my first official trip as the Prime Minister’s Trade Envoy to Ghana. I am looking for…