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Trump and Saudi Arabia Sign Landmark $142 Billion Defense Agreement

by News Editor
May 14, 2025

In an unprecedented move, former US President Donald Trump, alongside Saudi Crown Prince Mohammed bin Salman, has brokered a monumental $142 billion deal aimed at enhancing Saudi Arabia’s defense systems. This agreement, hailed as the most extensive arms sale in history, reiterates the strong economic ties between the two nations.

The White House emphasized the significance of this deal, calling it a strategic economic partnership that involves the procurement of cutting-edge military equipment and services from over a dozen American defense companies. This collaboration aims to upgrade Saudi Arabia’s military capabilities across various domains, such as:

  • Advanced Aerospace and Space Technologies
  • Comprehensive Air and Missile Defense Systems
  • Cohesive Naval and Coastal Security
  • Enhanced Border Security
  • Modernized Land Forces

Apart from military equipment, the deal also includes extensive training support to elevate the proficiency of the Saudi armed forces, enhancing military academies and medical services. Notably, this partnership aligns well with Trump’s broader diplomatic objectives across the Middle East, as he embarks on a tour that includes Qatar and the UAE, seeking investment opportunities and strategic alliances.

These developments could impact markets far beyond the defense sector. For instance, there’s a remarkable rise in startups looking to capitalize on new technological advancements, much like how the US tech company Tenstorrent is expanding into Cyprus, reflecting a growing trend of cross-border tech collaborations.

A Shift in Shopping Habits: 76% of Cypriots Embrace Online Shopping

by News Editor
June 2, 2025
In an era heavily leaning towards the digital, Cyprus has marked a pivotal milestone with 76% of its citizens now engaging in online shopping, as revealed in the latest survey by the Office of the Commissioner of Electronic Communications & Postal Regulation (OCECPR).

The study shows not only an increase in the number of online shoppers, but also a rise in the frequency of purchases, from an average of 1.2 times per month in 2022 to 2.0 in 2025.

The survey collected feedback from over 1,500 participants, consisting of both citizens and small businesses, illustrating a nuanced shift in postal usage. Interestingly, while 95% of individuals still prefer Cyprus Post, this figure drops drastically for businesses, with just 28% relying on it, as they increasingly opt for private services.

Postal Patterns and Parcel Preferences

The report highlights a fascinating turnaround in postal habits. The number of letters received and sent has climbed since 2023, countering years of decline. Parcel deliveries have seen a similar uptick, with 71% of businesses reporting higher parcel over letter shipments and anticipating continued growth.

This aligns with global trends where businesses adapt to consumer demands for efficient logistics.

Decision Factors: Beyond Cost

Although citizens deem postal service costs reasonable, they largely base their choices on quality, location, and user experience. Businesses, on the other hand, prioritize quick service, competitive rates, extensive networks, and reliable tracking systems.

As the digital realm continues to evolve, it’s worthwhile considering the broader technological landscape and its implications.

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