Breaking news

International Maritime Organisation Elects 40-Member Council To Shape Global Maritime Governance

by THEFUTURE.TEAM
December 2, 2025

Overview

The International Maritime Organisation (IMO) has unveiled its newly elected 40-member Council, underscoring a balanced representation of nations integral to global shipping, trade, and maritime regulation. This decisive move reinforces the IMO’s commitment to fostering international maritime collaboration.

Diverse Maritime Perspectives

The Council remains structured into three distinct categories. Category (a) comprises nations with major interests in international shipping services, including China, Greece, Italy, Japan, Liberia, Norway, Panama, the Republic of Korea, the United Kingdom, and the United States. In parallel, Category (b) brings together key players in global seaborne trade, with Australia, Brazil, Canada, France, Germany, India, the Netherlands, Spain, Sweden, and the United Arab Emirates at the forefront.

Cyprus’s Strategic Position

Positioned within Category (c), Cyprus alongside other nations such as Bahamas, Belgium, Chile, Egypt, Finland, Indonesia, Jamaica, Malaysia, Malta, Mexico, Morocco, Nigeria, Peru, the Philippines, Qatar, Saudi Arabia, Singapore, South Africa, and Türkiye, highlights those States with specific maritime interests. For Cyprus, this election solidifies its status as a prominent flag State and an influential participant in shaping maritime policy. The country’s Deputy Ministry of Shipping has consistently emphasized the critical nature of this representation for advancing priorities in safety, decarbonisation, and seafarer welfare.

Looking Ahead

As the Council prepares to convene for its 136th session on December 4, key decisions, including the selection of its Chair and Vice-Chair for the 2026–2027 biennium, lie ahead. Immediately following the Assembly, the newly elected Council will embark on its inaugural act: the appointment of its Bureau for the forthcoming two-year term, setting the course for continued strategic oversight in global maritime affairs.

Cyprus Property Valuers Advocate Investment Funds For Affordable Housing Initiative

by THEFUTURE.TEAM
December 10, 2025

A Strategic Investment for Social Stability

Cyprus’ property valuers association has put forward a compelling proposal for the creation of 500 new affordable housing units. The association recommends that investment funds, including the social insurance fund and other private initiatives, actively participate in the development process. This strategic move is intended to secure the long-term financial stability required for such a vital infrastructure project.

An Innovative Financial Model

Polys Kourousides, President of the association, emphasized that the financial structure should be designed to avoid additional strain on the state budget. “The model should prioritize sustainability and efficiency, especially since the private sector is tasked with the delivery of these housing units,” Kourousides stated. His remarks highlight the importance of blending public interest with private sector expertise to effectively address pressing social challenges.

Addressing a Growing Social Need

Kourousides further described the initiative as a timely response to one of the most urgent social issues of our time. The association has long championed the use of state-owned land for affordable housing projects, underlining its commitment to socially balanced urban development. In addition, the association remains prepared to assist the government by providing essential technical and scientific perspectives to shape a modern, efficient housing framework.

Looking Ahead

This proposal underscores the growing recognition among industry leaders that innovative financial models and public-private collaboration are essential to address housing shortages. With a clear roadmap and the right investment partners, Cyprus may well set a benchmark in sustainable and inclusive urban development.

The Future Forbes Realty Global Properties
Aretilaw firm
eCredo
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter