Kıbrıs Cyprus Mail

Investment firm buys back own shares under AGM mandate

Investment firm Demetra Holdings Plc on Monday announced that it completed the repurchase of 6,880 of its own shares through the Cyprus Investment & Securities Corporation Limited (CISCO) during a trading session on May 15. During the trading session, the company absorbed several blocks of shares from the secondary market, securing all 6,880 shares at […]

18.05.2026 10:38

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Kıbrıs Cyprus Mail

Arsenal in high spirits for run-in, says Arteta

Arsenal’s season appeared on the brink of collapse last month but a run of good results has worked wonders for their mood, with manager Mikel Arteta saying on Thursday that his team are entering the season’s final games in the perfect state of mind. A League Cup final defeat by title rivals Manchester City in […]

18.05.2026 10:31

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Kıbrıs Cyprus Mail

Genikes Insurance secures dual honours at global awards

Genikes Insurance on Monday announced that it was named Best General Insurance Company in Cyprus at the Global Banking and Finance Awards 2026, while also securing the title of Best Insurance Website Cyprus for the same year. The company said the dual recognition underscores its continued momentum and reflects a “strong upward trajectory” in both […]

18.05.2026 10:29

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Kıbrıs Cyprus Mail

Rai’s knockout punch in Rocky’s backyard ends century-long English drought

Down the road from the city that produced one of Hollywood’s ultimate underdog stories, Aaron Rai wrote an equally inspiring script at the PGA Championship on Sunday, delivering the knockout punch to become the first Englishman to win the Wanamaker Trophy since 1919. Rai came into the week a little-known long shot to win but […]

18.05.2026 10:26

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Kıbrıs Cyprus Mail

Veteran journalist to present ‘Profiles – People Worth a Page’ in May book launch

Thirty-eight interviews, one for each of her years in journalism, have been included by Annie Charalambous in her book titled Profiles – People Worth a Page, to be presented in the coming days. “The selection of these thirty-eight texts, written between 2008 and 2018, was a bittersweet yet enjoyable experience, just as any journey through […]

18.05.2026 10:26

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Kıbrıs Cyprus Mail

West Ham on brink of relegation after Newcastle flop

West Ham United coach Nuno Espirito Santo admitted that his side’s chances of staying in the Premier League were fading fast after Sunday’s 3-1 defeat by Newcastle United left them two points adrift of the safety zone with one game left to play. If 17th-placed Tottenham Hotspur beat Chelsea on Tuesday, they will condemn their […]

18.05.2026 10:22

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Kıbrıs Cyprus Mail

Forest fire aircraft exercise in Troodos scheduled for Tuesday

A coordinated forest fire response exercise will take place over the Troodos village of Kapedes tomorrow between 11.00am and 12.00pm, with aircraft and ground units taking part in a planned operational drill. The forestry department said the exercise, named ‘Ifestos’ after the ancient Greek god of fire, will be conducted in as part of national […]

18.05.2026 10:18

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Kıbrıs Cyprus Mail

Power outage in parts of Nicosia after fault in distribution network

Parts of Nicosia were left without electricity on Monday morning after a fault affected sections of the distribution network, with restoration work underway and supply expected to resume within hours. The electrical authority said the interruption began at around 8.00pm and affected areas including Kokkinotrimithia and Aglandjia. Residents reported sudden loss of power across households […]

18.05.2026 10:11

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Kıbrıs Cyprus Mail

Air conditioning delay in schools as electricians warn of grid strain

Plans to install air conditioning in public schools are facing delays, with electrical contractors warning that technical constraints and grid limitations could prevent systems from operating during the summer, even as authorities insist the programme is progressing across districts. Speaking on Alpha TV on Monday, the electricians’ union present, George Kyriakou, raised concerns over both […]

18.05.2026 10:05

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Kıbrıs Cyprus Mail

Accordion Festival moves into town

Relocating to town for the first time this year, the Accordion Festival returns renewed this summer. Held between June 5 and 7, the festival’s concerts, workshops, exhibitions and actions will extend throughout the old neighbourhood of Aglandjia in Nicosia. Apart from live music concerts on all three evenings, the festival also includes seminars where experts […]

18.05.2026 10:00

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Kıbrıs Cyprus Mail

Synod seeks to clamp down on election process following Tychikos scandal

The synod has begun examining proposed changes to the Church charter as part of a three-day session that will determine procedural reforms linked to the forthcoming election for next bishop of Paphos, with discussions also expected over the handling of suspended former bishop Tychikos. Meeting in Nicosia on Monday, members are reviewing amendments circulated in […]

18.05.2026 09:57

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Kıbrıs Cyprus Mail

AZA Law had to prove damage no one could see. The jury valued it at $41.8 million

Subsurface contamination doesn’t leave a mark anyone can photograph. It accumulates underground over years, detectable only through wellbore samples, pressure readings, and reservoir simulations. When SilverBow Resources and El Dorado Gas & Oil went to trial against ETC Field Services in McMullen County in February 2023, AZA Law and co-counsel from Hogan Thompson put more […]

18.05.2026 09:51

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Kıbrıs Cyprus Mail

Patras road in Yermasoyia closed for pipeline works until Wednesday

A section of Patras Street in Yermasoyia remains fully closed as connection works continue for a new water reservoir pipeline, with reopening expected by Wednesday at 5.00pm. Limassol municipality said the closure began last Friday, with works focused on linking the new Yermasoyia water reservoir pipeline to an existing water supply network running beneath the […]

18.05.2026 09:39

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Kıbrıs Cyprus Mail

Turkish Cypriot businessman named in illegal betting investigation

Turkish media reports have identified British Turkish Cypriot businessman Burak Basel as the alleged central figure behind what authorities describe as a global illegal betting and online gambling network with estimated monthly revenues of up to $3 billion. Turkish newspaper Sabah reported on Monday that an investigation by the Istanbul prosecutor’s office uncovered what it […]

18.05.2026 09:35

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Kıbrıs Cyprus Mail

Paphos reservoirs above 50 per cent capacity after rainfall

Reservoir levels across Paphos have risen above 50 per cent following four months of sustained rainfall, with the Mavrokolymbos dam reaching 89.8 per cent capacity after standing empty last year due to structural damage. According to figures released by the water development department (WDD) on Monday, updated figures showed major improvements in water reserves across […]

18.05.2026 09:26

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Kıbrıs Cyprus Mail

Michaelides admits potential ‘injustice’ over Papadakis dismissal

Alma leader Odysseas Michaelides said on Monday that his party may have treated former MEP Demetris Papadakis unfairly when it removed him from its parliamentary election ballot, while insisting the movement acted under pressure from serious allegations linked to the ‘Sandy’ case. In an interview with Sigma, Michaelides said “it is not excluded that we […]

18.05.2026 09:20

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Kıbrıs Famagusta Gazette

Cyprus: Widespread concern about the economic impact of Iran

Cyprus’ public broadcaster released its final major poll ahead of the May 24 parliamentary elections, showing widespread concern about the economic impact of the conflict in Iran. The survey found that 82% of respondents say they do not take polls into account when voting, even though 58% follow them and 41% say they do not. […]

18.05.2026 09:15

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Kıbrıs Cyprus Mail

Second arrest made over Nicosia robbery investigation

Police arrested a second suspect on Monday in connection with a robbery investigation linked to an incident in Nicosia earlier this month. The 21-year-old was taken into custody to assist with enquiries relating to a robbery committed on May 9, police said. Authorities confirmed that a 32-year-old man had already been arrested in connection with […]

18.05.2026 09:08

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Kıbrıs Cyprus Mail

Ten arrested in overnight police crackdown

Ten people were arrested during targeted police operations carried out across on Sunday night, with offences including drug possession, robbery, stabbing and traffic violations. Police said the arrests formed part of “preventive policing operations” aimed at crime prevention and public safety. According to a police statement issued on Monday, officers stopped 580 vehicles for inspection […]

18.05.2026 09:04

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Kıbrıs Cyprus Mail

Digital banks are reshaping monetary policy transmission, says ECB analyst

Digital banks are reshaping the transmission of monetary policy across the euro area, according to European Central Bank (ECB) monetary policy adviser Katarzyna Budnik. In a recently-published piece of analysis, Budnik found that compared with traditional branch-based institutions, digital banks adjust deposit rates more quickly, while showing a slower response in lending rates. As banking […]

18.05.2026 09:02

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Kıbrıs Cyprus Mail

Gender equality tied to maritime excellence as shipping sector modernises

The International Maritime Organisation (IMO) is using this year’s International Day for Women in Maritime to press a sharper message, gender equality in shipping can no longer remain a policy ambition, but must become part of how the industry operates every day. Marked on May 18, the day is being held under the theme ‘From […]

18.05.2026 08:58

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Kıbrıs Cyprus Mail

Police deny any arrest warrant has been issued for Drousiotis

Police have categorically denied that the matter of issuing an arrest warrant against journalist Makarios Drousiotis was never raised in connection with an ongoing case linked to complaints he has made publicly. In a statement issued on Monday following media reports and allegations circulated online, police said that “such a warrant was never issued and […]

18.05.2026 08:57

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Kıbrıs Cyprus Mail

Two arrested in Paphos over alleged murder plot and death threats

Police arrested a 30-year-old man and a 27-year-old woman in Paphos on Monday as part of an investigation into alleged conspiracy offences and written threats direct towards the individual with who they intended to kill. Investigators secured arrest warrants against both suspects following the complaint. The 30-year-old man was arrested during the early hours of […]

18.05.2026 08:46

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Kıbrıs Cyprus Mail

Police arrest 29 illegal immigrants in nationwide operation

Police arrested 29 third country nationals residing illegally in Cyprus during a nationwide operation carried out on Sunday night by members of the immigration services. In a statement issued on Monday, police said the arrests formed part of ongoing efforts to identify and remove individuals living unlawfully in the republic. Authorities said that since the […]

18.05.2026 08:41

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