Economy

Oil prices fall amid expectations of a US-Iran agreement

Oil prices fell by more than 5% during early trading in Asian markets on Monday amid expectations that the United States and Iran could...

Cyprus among hardest hit as diesel prices surge

Fuel prices continued rising across the European Union in April, with Cyprus recording one of the sharpest monthly increases in diesel costs among member...

Questions raised over Social Insurance Fund plans

Cyprus’ plans to transform the Social Insurance Fund into a major investment fund through the management of its surpluses have raised concerns over institutional...

Hormuz closure could trigger global food price crisis within 12 months

The Food and Agriculture Organization of the United Nations (FAO) has warned that a prolonged closure of the Strait of Hormuz could trigger a...

Deal signed for Cyprus gas link with Egypt, ExxonMobil, QatarEnergy

Energy cooperation agreement signed in Egypt A new memorandum of cooperation has been signed between Egypt’s Ministry of Petroleum and Mineral Resources, ExxonMobil and Qatar...