Moody's downgrades two major Cyprus banks
Moody's ratings agency said it downgraded on Thursday the deposit and debt ratings of two major Cypriot commercial banks -- Marfin Popular Bank and Bank of Cyprus. Marfin's rating was cut to Ba2/Not Prime from Baa3/Prime-3 and Bank of Cyprus to Ba1/Not Prime from Baa2/Prime-2. Moody's also confirmed the deposit and debt ratings of Hellenic Bank at Ba1. It said the outlook on the ratings of all three banks is negative. The move came a day after Moody's downgraded its Cyprus government bond rating by two notches to Baa1 from A2, citing the eurozone member's weakening medium-term credit fundamentals, an explosion that destroyed its main power station and an increasingly fractious political environment.
GMT 19:30 2018 Wednesday ,03 January
EU launches last crisis-battling finance reformGMT 17:13 2017 Thursday ,14 December
South Korea bans its banks from dealing in BitcoinGMT 19:16 2017 Monday ,11 December
Britain’s smaller banks jostle for business banking grantsGMT 19:31 2017 Sunday ,10 December
Britain’s smaller banks jostle for business banking grantsGMT 17:28 2017 Thursday ,07 December
India's central bank holds rates at seven-year lowGMT 17:55 2017 Sunday ,03 December
Saudi banks prepare for riyal coinsGMT 15:10 2017 Wednesday ,29 November
Societe Generale shares climb after cost-cutting planGMT 19:22 2017 Friday ,17 November
Deutsche Boerse taps top banker as new CEO
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 14:47 2017 Monday ,20 February
McLaren to unveil new supercar at Geneva Motor Show
GMT 20:01 2017 Saturday ,09 September
Malaysia PM says Rohingya face systematic atrocities
GMT 12:32 2017 Wednesday ,13 September
Arab Quartet condemns Qatar for supporting terrorism
GMT 16:33 2017 Thursday ,21 September
IMF's Lagarde warns US won't meet growth targets amid slow reforms
GMT 16:32 2017 Thursday ,09 March
UAE: A country where women are thriving
GMT 08:22 2017 Tuesday ,28 November
Etihad Aviation Group celebrates UAE National day
GMT 12:12 2016 Tuesday ,04 October
Writers' privacy row erupts
GMT 14:48 2017 Thursday ,03 August
French parliament approves Macron's labour reform drive
GMT 16:37 2017 Sunday ,10 September
Anderson stands tall as South Africa tennis trailblazer
GMT 12:04 2017 Tuesday ,07 February
Hockney at 80: retrospective a 'joyous adventure' in art
GMT 10:09 2017 Monday ,09 January
'La La Land' waltzes off with big win
GMT 12:03 2013 Friday ,20 September
Honda Legend
GMT 11:34 2016 Saturday ,27 August
Climate change to double number of hay fever sufferersGMT 13:11 2011 Tuesday ,20 December
Early winter a boon for Lebanon’s ski season
GMT 08:16 2017 Saturday ,24 June
Actress Feryal Yussef received new drama offers
GMT 18:57 2017 Friday ,01 September
Saudi Aramco explores the Empty Quarter with ‘Exceptional Techniques’
GMT 08:09 2017 Saturday ,23 December
France to take bitcoin regulation debate
GMT 19:05 2017 Thursday ,12 October
On Beck album, pop sets an ironist free
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