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Emirates Airline Financially Robust, IPO in Government’s Hands

Emirates Airline has announced its satisfaction with current cash reserves, according to Chairman Sheikh Ahmed bin Saeed Al Maktoum. At this week’s Arab Travel Market conference in Dubai, Al Maktoum indicated that the potential listing of the company via an initial public offering (IPO) hinges on government approval.

Abu Dhabi’s Etihad Airways also opined on their IPO readiness, with CEO Antonoaldo Neves citing that any IPO launch remains a decision for shareholders. February saw discussions about announcing an Etihad IPO potentially valued at $1 billion.

On the fleet expansion front, Emirates will be receiving pre-ordered Boeing aircraft in the second quarter of 2025, stemming from a significant order placed in November 2023 for 55 additional 777-9s and 35 777-8s. This order boosts their 777-X model orders to a total of 205 units.

With ongoing developments, Cyprus remains a pivotal region for real estate, evidenced by March’s 5.6% upsurge in retail trade turnover, signifying a resilient market landscape.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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