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Cyprus Strengthens Maritime Ties With Oman And Qatar

Cyprus is expanding its global maritime footprint as Shipping Deputy Minister Marina Hadjimanolis embarks on an official visit to Oman and Qatar for high-level discussions on maritime cooperation and industry growth.

Hadjimanolis will first travel to the Sultanate of Oman on Saturday at the invitation of Saeed bin Hamoud bin Saeed al Maawali, Oman’s Minister of Transport, Communications, and Information Technology. During her visit, she will engage in bilateral meetings with senior government officials and representatives from Asyad, Oman’s state-owned shipping company.

A key milestone of the visit will be the signing of two Memoranda of Understanding (MoUs) between Cyprus and Oman, aimed at strengthening maritime transport collaboration.

Following her engagements in Oman, Hadjimanolis will head to Qatar, where she will attend the Seatrade Maritime Qatar Exhibition & Conference 2025 at the invitation of Qatar’s Minister of Transport, Sheikh Mohammed bin Abdulla bin Mohammed Al Thani. In Doha, she will hold bilateral discussions with Qatari officials and participate in industry meetings to further promote Cyprus’ position as a global shipping hub.

These diplomatic efforts underscore Cyprus’ commitment to enhancing maritime cooperation in the Gulf region, reinforcing its status as a leading player in global shipping.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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