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  • Ħaġar Qim exploratory well cost over $45 million

    Phoenicia Energy Company was granted a six-month extension until January 2015 in order to conclude testing on the findings of the Ħaġar Qim well. The well was abandoned in July because no reservoir was found. The extension was confirmed by Genel,...

  • €172 a day for short-lets in Sliema

    €172 a day for short-lets in Sliema

    Properties with a seaview in Sliema commanded an average of €172 a day for short-lets in August, according to a survey of online booking sites carried out by property management company Casa Rooms. Properties without a seaview in Sliema are being...

  • Malta losing out on rig stops because of monopolies

    Malta losing out on rig stops because of monopolies

    Malta could attract considerably more rigs for lucrative overhauls if the owners were given more leeway to outsource contracts, Jonathan Borg, the managing director of Bluhull Group, said. Rigs need overhauls every five years or so, with contracts...

  • Prolonged Libyan crisis could cause redundancies

    Prolonged Libyan crisis could cause redundancies

    Hundreds of Maltese workers brought back from Libya by their employers are being kept on the books – but that might not be possible if the crisis goes on much longer. “If you have trained and experienced employees – especially in specialised jobs...

  • Residency rules: the start of a new era?

    In June last year, Times of Malta reported that the government was planning to impose a deterrent to those who might want to apply for long-term residency. Long-term residents are eligible for social services: they basically become the...

  • Malta’s economic vision

    Malta’s economic transformation during the last decade was shaped by EU membership and the adoption of the euro. These two episodes mark the end of the post-war period and the start of a new journey. Having reached these milestones we need a new...

  • Need for upmarket properties in Gozo

    Need for upmarket properties in Gozo

    There is a dire need for upmarket properties in Gozo, with demand picking up again after a few slow years, according to the manager of Frank Salt Real Estate’s Gozo branch, Marie Grech. There are very few villas in Gozo with a tumolo of gardens,...

  • Malta: a regional oil and gas hub

    Malta: a regional oil and gas hub

    With offshore drilling activity in the Mediterranean set to witness significant growth, Malta’s strategic location places it at the forefront as a regional service hub for the oil and gas industry. Many firms have already settled on the island to...

  • Attracting new customers through promotions

    Attracting new customers through promotions

    Retailers working to maximise the potential of their unique competitive space will be one step ahead with a tailored retail management system to underscore their business’ differentiator. iVend Retail features an intelligent collection of modules...

  • Your trustworthy ­construction partner

    Your trustworthy ­construction partner

    Since 1992, V&C Contractors Ltd, run by brothers Vincent and Charles Borg, has established itself as one of the leading contracting companies on the island. Over the years the company has registered steady growth, regularly investing in human...

  • Appointments

    Tanya Sciberras Camilleri is the new president of AmCham Malta. The members of the board are Pierre Attard vice-president, John Mizzi honorary secretary, James Satariano honorary treasurer while Alfred Cuschieri, Tonio Depasquale and Luciano Mule...

  • GO reaches new 6-year high

    GO reaches new 6-year high

    Further support for the shares of GO plc continued to emerge during this morning’s session helping the equity rise by a further 0.8% to a fresh 6-year high of €2.47 across four deals totalling 34,200 shares. Demand for the equity of the telecoms...

  • Regularising investments with the Inland Revenue

    Regularising investments with the Inland Revenue

    In the context of states’ growing efforts to fight tax evasion through concrete measures, the exchange of information network through bilateral and multilateral agreements between tax authorities is ever on the increase and the obligation to...

  • China fund defaults expose foreign partners to shadow banking risk

    Foreign joint venture partners of Chinese mutual fund companies fear they will have to bail out investors in one of the shadiest patches of China’s shadow banking system, following two defaults by lightly regulated subsidiaries peddling complex...

  • Growth in Britain’s services companies slows in three months to August – survey

    Growth in services companies that form the bulk of Britain’s economy slowed in the three months to August, according to a survey published yesterday that suggested the swift pace of economic recovery has eased recently. The Confederation of...

  • WHO urges regulation of e-cigarettes and bans on use

    WHO urges regulation of e-cigarettes and bans on use

    The World Health Organisation (WHO) yesterday called for regulation of electronic cigarettes as well as bans on indoor use, advertising and sales to minors. In a long-awaited report that will be debated by member states at a meeting in October in...

  • Black and white trademarks

    The scope of protection given to black, white or grey trademarks will change as a result of a recent communication issued by the European Trade Mark and Design Network. The network, established by the Office for Harmonisation in the Internal...

  • Stocks gain on ECB stimulus hopes, US data

    World stock indices rose yesterday and European bond yields fell on expectations of more stimulus from the European Central Bank and on strong US data. The benchmark S&P 500 hit a fresh record above 2,000 after first breaching that milestone on...

  • Amazon snaps up Twitch for $970 million

    Amazon snaps up Twitch for $970 million

    Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting chief executive officer Jeff Bezos’ resolve to transform Amazon into an internet destination beyond its core retail...

  • Pressure builds within Fed to signal new policy course

    Pressure builds within Fed to signal new policy course

    Pressure is building within the Federal Reserve for officials to move as early as next month to more clearly acknowledge improvements in the US economy and lay the groundwork for the central bank’s first interest rate hike in nearly a...