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  • Company briefs

    Deloitte Malta is organising a series of events, workshops and training sessions for risk professionals in the banking sector, starting on Monday, which they are branding as the Deloitte Banking Risk Lab. As of January 1, the Single Supervisory...

  • Eight declines drag MSE down

    Eight declines drag MSE down

    The MSE Share Index retreated by 0.36 per cent to 4,551.609 points as the declines registered by eight shares outweighed the gains in another three equities. Despite the broad trading activity, the total value of equities traded today remained on...

  • Various equities decline

    Various equities decline

    The MSE Share Index retreated by 0.36% to 4,551.609 points as the declines registered by eight shares outweighed the gains in another three equities. Despite the broad trading activity, the total value of equities traded today remained on the low...

  • Top European equity performers in the past year

    Investors that have held on to European equities in the past year are probably in the red. There is a good reason; from the 50 companies in the Euro Stoxx 50, only a handful of European equities increased in price in the past year. The following...

  • Iran’s May oil exports set to surge nearly 60% from year ago – source

    Iran’s May oil exports set to surge nearly 60% from year ago – source

    Iran’s oil exports are set to surge in May, climbing nearly 60 per cent from a year ago, with European shipments recovering to about half of pre-sanction levels, according to a source with knowledge of the country’s crude lifting plans. This shows...

  • Bank bail-in requirements to be case-by-case, no minimum level – EU draft law

    There is no minimum level of banks’ assets that can be wiped out by regulators when a lender is wound down, the European Commission said in draft legislation which softens requirements for lenders. The regulation, seen by Reuters, sets the EU...

  • Most eurozone firms expect Brexit would hurt economy – survey

    Most companies based in the eurozone believe a British decision to leave the European Union would hurt the region as it struggles with a sluggish economy and a migration crisis, a survey showed yesterday. Seventy-nine per cent of firms based in...

  • US dollar up, banks boost stock indices

    The US dollar rose to a three-week high yesterday on heightened expectations that the Federal Reserve will raise rates earlier or more times than anticipated this year, while stocks on Wall Street rose led by financial shares. Markets have priced...

  • €2m PV investment by Palumbo

    €2m PV investment by Palumbo

    Palumbo Group has invested €2 million to install photovoltaic panels which will reduce carbon dioxide emissions by at least 750 tons per year. The investment is the first of its nature in Malta Shipyards and is in line with the group’s commitment...

  • Shipping movements

    These ships are expected in Malta: The Santa Giuliana from Tanger Med to Alexandria, the Westmoor from Algeciras to Livorno, the Oued Ziz from Tunis to Tunis, the Jona from Aliaga to Thessaloniki, the CMA CGM Musca from Djibouti to Valencia (all...

  • Emirates boosts capacity on Malta service

    Emirates boosts capacity on Malta service

    Emirates will be operating its Malta service with a larger Boeing 777-300 aircraft as from Wednesday, June 1. The Boeing 777-300 has12 ‘lie flat’ seats in first class and 42 in business class, and 310 seats in economy class. Traders and businesses...

  • Midi Group reduces gearing to 36%

    Midi Group reduces gearing to 36%

    Midi Group has managed to reduce its gearing ratio from a high of 76 per cent down to a respectable 36 per cent last year – enabling the company to report an after-tax profit of €9.9 million compared to a loss of €2.2 million in 2014. And perhaps...

  • Security of supply agreement still pending

    Security of supply agreement still pending

    Almost a year later, the government has still not given any indication of whether the European Commission has any objections to the security of supply agreement between the government and Electrogas, the company building the gas power station. The...

  • Thinking outside the box

    Thinking outside the box

    It has become a bit of an urban myth that Roger Bannister’s 1954 sub-four-minute mile was a “miracle”. The reality is that the record was only a few seconds above the ‘four-minute barrier’ and when he did break it that historic day, he was...

  • Getting a greener bottom line

    Getting a greener bottom line

    The government has launched another three subsidy schemes for solar energy which will allow 7,000 families to benefit from 50 per cent of the cost of photovoltaic panels, up to a maximum of €2,300. The schemes will receive EU funds and will cost...

  • Cleaning up industrial-grade problems

    Cleaning up industrial-grade problems

    Tony Zahra was appointed chairman of Malta Industrial Parks three years ago. He explained to Vanessa Macdonald that he had to balance cleaning up legacy issues with getting things moving for the future. MIP has just reported a pre-tax profit of...

  • Laying the right foundations to prevent a property bubble

    Laying the right foundations to prevent a property bubble

    Chris Grech, the Dhalia chairman who was among the first people to call for regulation of the real estate sector, has warned that the new system must be in place in the next six months. “The industry must be policed if it is to be held...

  • Strategic questions for Air Malta

    There are two aspects to the Air Malta strategic partnership which are yet to be explained: what is the value-added of the deal for Air Malta and what is the value-added of the deal for Alitalia/Etihad. They say that the devil is in the detail...

  • Competitiveness boards: more of the same?

    Competitiveness boards: more of the same?

    In its latest attempt to enhance the level of competitiveness in the eurozone, the European Commission is proposing to establish National Competitiveness Boards (NCBs) the aim of which is to increase the effectiveness of economic policy governance...

  • New IT manager at Medserv

    New IT manager at Medserv

    Edward Farrugia has been appointed group IT manager for the Medserv Group of Companies as the group continues to strengthen its team and infrastructure to allow for further global expansion. Mr Farrugia has a strong IT and technical background and...