Bank of Cyprus CEO to step down after overhaul

NICOSIA: Bank of Cyprus CEO John Patrick Hourican announced he will step down in the summer less than two years into a major restructuring of the island’s troubled largest lender.

Property developer defaults on dollar bonds

HONG KONG: A struggling Chinese property developer says it has defaulted on dollar-denominated debt, exposing international creditors to potential losses as it grapples with a slumping property market

Foreign investors need industrial licenses

The Commerce Ministry has started issuing industrial licenses to foreign investors, the ministry said in a statement on Tuesday and urged foreign investors to obtain the license quickly to receive the

Zain Saudi Q1 net loss narrows

JEDDAH: Telecom operator Zain Saudi’s first-quarter loss narrowed by more than expected as demand for the company’s products and services rose.

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