Author: sinka

Energy Expert, Mr. Hani el Noqrashi, also advisor to the President of Egypt, Mr. Abdel Fattah el-Sisi, on energy issues, announced on the 21st November 2018, that Egypt plans to lay down the foundation stone of the EuroAfrica Interconnector project before year-end 2018. (http://www.egypttoday.com/Article/3/60781/Egypt-to-lay-down-foundation-stone-of-EuroAfrica-Interconnector-project). The EuroAfrica Interconnector is the 1.707 km sub-sea cable that...

UNICAF, the largest online higher education platform in Africa, announced last week, that it has raised USD 28 million in a Series B financing round led by Goldman Sachs(https://www.prnewswire.com/news-releases/africas-largest-online-university-platform-raises-28-million-to-meet-unprecedented-demand-for-higher-education-300750189.html). The UK Government's development finance institution CDC Group, leading higher education fund University Ventures, and EDEX, the founder of the University of Nicosia, are amongst the...

The Stena Icemax drillship, which is commissioned by US oil giant ExxonMobil for hydrocarbon, arrived on Sunday evening, 11th November 2018, in Block 10 of the Cyprus’ Exclusive Economic Zone (EEZ) (http://www.ekathimerini.com/234575/article/ekathimerini/news/exxonmobil-drillship-in-block-10-of-cypruss-exclusive-economic-zone). This follows the strong indications that natural gas finds will be high in Block 10, disclosed in August 2018 (https://cyprus-mail.com/2018/08/05/indications-that-gas-finds-will-be-high-in-block-10/). Over the last couple of years, Cyprus...

International ratings agency, “Fitch Ratings”, has upgraded Cyprus’ long - term credit rating to BBB- from BB+ assigning stable outlook, elevating the Cypriot economy to investment-grade after seven years in junk, on 19th October 2018. (https://www.stockwatch.com.cy/en/article/diavathmiseis-xenon-oikon-trapezes/fitch-upgraded-cyprus-rating-investment-grade). This follows Standard and Poor’s similar upgrade on Cyprus, last month in September...