Nicosia, Cyprus. Cyprus’ Deputy Ministry of Shipping said 19 ships under the Cypriot flag are operating in the Persian Gulf and that both the vessels and their crews remain safe. Separate announcements in Nicosia covered investment outreach to Indian capital and updates from the Bank of Cyprus.
Cyprus monitors Cyprus-flagged vessels in the Persian Gulf
In a statement on Tuesday, the Deputy Ministry of Shipping said it has been closely monitoring developments in the region “from the very beginning” and remains in contact with the management companies of Cyprus-flagged ships operating in the area.
“There are currently nineteen ships under the Cypriot flag in the Persian Gulf,” the ministry said. “Both the ships and the sailors working on them are safe,” it added.
The ministry also said “most of the vessels are permanently deployed in the region, primarily providing specialised maritime support services”.
Cyprus promotes role as gateway for Indian investment
Cyprus presented itself as a strategic European gateway for Indian capital at the India–Cyprus Business and Investment Summit 2026 in Nicosia, with business and diplomatic leaders citing a partnership gaining depth amid shifting geopolitical and trade conditions.
At the summit organised by the High Commission of India in Cyprus, Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou told Indian investors: “If you are planning your European strategy today, Cyprus should not be an afterthought, but the starting point.”
Stavrou described India as a “defining force of the 21st century”, reshaping technology, supply chains and global capital flows. He said that in a more complex international environment, “stability has become a competitive advantage”, and argued this is where Cyprus positions itself.
Bank of Cyprus updates targets; GlobalWealth Group PLC announces investment agreement
The Bank of Cyprus (BoC) on Tuesday outlined updated financial targets and capital allocation plans at an investor presentation.
GlobalWealth Group PLC also said that the Bank of Cyprus had agreed to invest €6 million in Wealthyhood Ltd, becoming a strategic partner and major shareholder.
What do you think the shipping ministry’s update and the investment announcements indicate about Cyprus’ current priorities?
