MONDAY, 15 AUG 2022



Facebook Linked In Twitter

US Invests $280bn In High Tech To Compete With China

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout



brought to you by Deloitte

The 9th Invest Cyprus International Investment Awards: Teddy Sagi

The 9th Invest Cyprus International Investment Awards: Teddy Sagi

On September, Wednesday 8, under the auspices of President Nicos Anastasiades, the ceremony for the 9th Invest Cyprus International Investment Awards took place in the lawns of the Presidential Palace, celebrating foreign companies for the investments they made and their contribution to the business world of the country.


Teddy Sagi received an award for his contribution to the business world of Cyprus.

A visionary businessman and investor, Teddy Sagi started his entrepreneurial journey in 1999 when he founded Playtech. Today, 22 years on, he is ranked 539th on the Forbes global billionaires list and is the 4th wealthiest person in Israel, with an estimated net worth of US$5.5 billion. He was the majority shareholder of the online payment services provider SafeCharge, which he listed on the London Stock Exchange Alternative Investment Market. In 2019, it was acquired by Nuvei for almost US$1 billion. He is currently the majority shareholder of Kape Technologies plc, an AIM-listed Internet company offering privacy solutions.


Teddy Sagi owns an international portfolio of premium real estate in the UK, Spain, Israel, Romania, Cyprus and Greece, comprising mainly hospitality, residential and commercial properties, including Camden Market, Stables Market, Camden Lock Developments, Holborn Estate and Victoria House in London. He is now in the process of bringing his Labs brand experience to Nicosia, through the operation of Labs Tower, a 21-floor high-tech luxury high-rise in the heart of the capital that offers customizable working and co-working spaces and serviced apartments. It will also be home to some of his own companies and businesses. Meanwhile, he is also focused on a new project,, a group of payments institutions headquartered in Cyprus.


Cyprus has long been Teddy Sagi’s preferred investment jurisdiction, due to its unique geographical location, EU membership, tax and legal infrastructure, and its many high-calibre professionals. This is why Globe Invest Limited, the family office which exclusively manages his global wealth, is also based here. He says that his goal is “to continue doing good business successfully, in a way that will positively affect people’s lives” by offering employment and career development opportunities, quality services and products, while contributing in areas such as education, health, culture and environmental protection.



EY And Hult International Business School Announce New Masters In Sustainability, Free For All EY People

The EY organization, in association with Hult International Business School, today ...

Recommendations For Small And Medium Sized Enterprises Against Cybercrime

The biggest cybercrime problems faced by Cypriot small and medium-sized enterprises ...

American Presence At The 8th International Compliance Forum

Erik Woodhouse will honor the highly anticipated event with his presence. Creating ...



Epic Invests In Renewable Energy Sources To Battle Climate Change

Epic, as a pioneering company, is investing on green and sustainable development, aiming to the reduction of the company’s ecological footprint and ...

New Residence Permits Reach Pre-Pandemic Levels In Cyprus And The EU, According To Eurostat

New residence permits issued in the European Union, as well as in Cyprus, to non-EU citizens in 2021 reached pre-pandemic levels, according to data on first ...

US Invests $280bn In High Tech To Compete With China

US President Joe Biden has signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research amid fears the country is losing ...

Property Values In Cyprus Continue Upward Trend In Q2 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q2 2022.

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

Greece will be "turning a page in its modern history" as the European Commission confirmed on Wednesday that the country will exit its enhanced ...

PASCAL Schools Join Leading Education Group Globeducate

PASCAL Schools have joined Globeducate, one of the world´s leading K12 education providers, with 55+ premium bilingual and international schools, and online ...

Eurostat: Young Air Transport Workers Most Affected By Pandemic's Impact On Sector

The decline in passengers in air transport as a result of the COVID-19 pandemic had a pronounced effect on younger workers due to staff reductions by airlines ...

Cyprus One Of Few Countries That Implemented Central State Aid And De Minimis Registry

Commissioner for State Aid Control Stella Michaelidou has welcomed the fact that her Office has taken the lead at European level and has been an example for ...