Eastern Mediterranean Energy: ExxonMobil and QatarEnergy signed an MoU with Egypt to monetize Cyprus offshore gas from Block 10 (Glaucus and Pegasus), aligning with earlier Egypt export frameworks for other Cypriot discoveries. Regional Energy Diplomacy: Cyprus’ Energy Minister Michael Damianos said the US backs Cyprus’ energy agenda, including hydrocarbon extraction and interconnections, citing support for GSI and IMEC after meetings with US officials in Houston. Defence Industry & SAFE: Cyprus is set to deepen defence industrial cooperation with France under the EU SAFE mechanism, with programmes reportedly worth around €800m and linked to a France-Cyprus SOFA. Migration Policy: The EU’s Migration and Asylum Pact entered into force, with return hubs now central; Cyprus signalled it may join talks after its EU Council presidency ends. Digital Economy: Digital payments in Cyprus are surging as fintech expands and banks modernise, with the Central Bank and ECB pushing for supervision and consumer protection. Crime & Courts: Police arrested a fifth suspect in a Larnaca-linked alleged criminal organisation probe, with multiple suspects facing charges including extortion, kidnapping and money laundering. Agriculture & Exports: Farmers rejected changes to the PDO halloumi standard, insisting the 51% sheep and goat milk requirement must be fully implemented. Property & Tax Compliance: From July 1, rent payments in Cyprus must be made exclusively via bank transfer or electronic means, tightening tax reform rules. Business & Finance: Cyprus banks saw profits fall by €62m in early 2026, while the non-performing loan ratio stayed stable.