Electricity Minister inspects EWA Control Center
Electricity and Water Affairs Minister Yasser bin Ibrahim Humaidan visited the Electricity and Water Authority (EWA)’s Control Center for Electricity and Water Transmission and Distribution Networks.The minister inspected the work progress in the center and how to respond to peak times and emergency situations, while maintaining their quality of services. Humaidan said that the […]
Alba grows its global presence with opening its sales’ office in Singapore
Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, took a major step to strengthen its presence in the Asian-Pacific market with inaugurating its newest Sales’ office in Singapore on Friday 27 May 2022.The new sales’ office was officially inaugurated by the Chairman of Alba’s Board of Directors, Shaikh Daij bin Salman bin Daij […]
Gulf Hotels Group swings to $5.57mln net profit
Gulf Hotels Group (GHG) has achieved net profit of BD2.123 million during the first quarter of 2022 compared to a loss of BD207,119 in the first quarter of the previous year, with an increase of BD2.330m. Earnings per share were 9 fils compared to a loss of 1 fils in the first quarter of last […]
Bahrain-based Bank ABC Q1 net profit rises 3% to $31mln
based Bank ABC (Arab Banking Corporation) has posted a $31 million Q1 net profit attributable to the shareholders of the parent company, which is 3% higher on the $30 million of the same period last year. With cost of risk returning to pre-pandemic levels, it suggests a better economic outlook and the resilience of the […]
Biden to require US-made steel, iron for infrastructure
The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material. New guidance issued Monday requires that the material purchased — whether it’s for a bridge, a highway, a water […]
‘OlaHub’ online social gifting platform launches in Bahrain
‘OlaHub’, an online social gifting platform, has been launched in Bahrain by Gulf Future Business (GFB) in partnership with Olahub Jordan. OlaHub introduces e-commerce within a social context. In addition to being able to buy for oneself, it keeps one connected with one’s family and friends to provide gifting options, as it’s the first platform […]
Bahrain’s Batelco approves $132mln dividend for 2021
The 42nd Annual General Meeting (AGM) of Batelco, Bahrain’s leading telecom provider, approved the recommendation of the Board of Directors for a full year cash dividend of BD49.8 million ($132.1 million). The dividend is at a value of 30 fils per share, of which 13.5 fils per share was already paid during the third quarter […]
