ExxonMobil and QatarEnergy begin drilling operations in Cyprus’s Block 5

ExxonMobil and QatarEnergy begin drilling operations in Cyprus’s Block 5

ExxonMobil and QatarEnergy commenced drilling operations in Block 5 of Cyprus’s Exclusive Economic Zone (EEZ) on Friday morning, marking a significant step in the country’s hydrocarbon exploration activities. President Nikos Christodoulides announced that Cyprus aims to become an alternative and reliable natural gas source for the European Union. The exploration is part of the country’s […]

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More than 37,000 foreign property sales in Cyprus since 2021

More than 37,000 foreign property sales in Cyprus since 2021

Cyprus has seen significant rise in foreign property purchases in recent years, with more than 37,000 properties sold to foreign buyers between 2021 and the end of 2024.  Specifically, property sales to foreign buyers surged in all districts, according to data from the Department of Lands and Surveys (DLS). This was shared with the House of Representatives by Interior Minister […]

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Cambodia’s First Lady Thanks Philanthropists for Donating to Kantha Bopha Foundation

Cambodia’s First Lady Thanks Philanthropists for Donating to Kantha Bopha Foundation

Cambodia’s First Lady, Pech Chanmony, thanked all the philanthropists who donated money to the Kantha Bopha Foundation to save the lives of Cambodian infants and children. At a meeting with the management, doctors, and medical staff at Kantha Bopha Hospital yesterday, Pech Chanmony, Honorary President of the Kantha Bopha Foundation in Cambodia, expressed her deep […]

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DPM Samal calls for beautifying coastal areas to boost economy

DPM Samal calls for beautifying coastal areas to boost economy

Say Samal, Deputy Prime Minister, Minister of Land Management, Urban Planning and Construction (MLMUPC), Wednesday urged all stakeholders to participate in developing the coastal areas to make them more beautiful and attractive to promote economic growth. Samal, who also serves as Chairman of the National Committee for Coastal Management and Development (NCCDC), made these remarks […]

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Cyprus property sales hit €4.3 billion in 2024

Cyprus property sales hit €4.3 billion in 2024

The Cypriot real estate market remained stable in 2024, compared to the year before, reflecting the challenges faced by the sector, according to the Cyprus Real Estate Agents Registration Council. In a statement released on Thursday, the council said that the sector was affected by a decline in people’s purchasing power, and high lending rates. Additional factors that […]

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Cyprus enters new era with AI taskforce

Cyprus enters new era with AI taskforce

Cyprus is getting its own AI taskforce, after the cabinet agreed on Wednesday it was necessary to help prepare the country to address challenges and grasp the opportunities offered by artificial intelligence. The 11-member taskforce will advise the government on the development, incorporation and implementation of AI in Cyprus, with the aim of enhancing the […]

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Cambodia Embraces Carbon Neutral Strategy – Environmental Plan

Cambodia Embraces Carbon Neutral Strategy – Environmental Plan

Cambodia has unveiled its Environmental Protection Strategic Plan (EPSP) for 2024-2028, a comprehensive blueprint aimed at addressing pressing environmental challenges, including climate change, deforestation, pollution, and biodiversity loss. The strategy outlines critical measures that will help the country meet its environmental, social, and governance (ESG) objectives, aligning with its long-term goal of carbon neutrality.  This […]

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US military assessment team visiting Cyprus this week

US military assessment team visiting Cyprus this week

A US military assessment team will be in Cyprus this week as part of defense upgrades, a Cypriot government spokesperson announced Tuesday. In his announcement, Konstantinos Letymbiotis stressed that deepening military cooperation with allied forces contributes decisively to the maintenance of peace and stability in the region. The Germany-based American military assessment team will visit […]

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