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Business
Dr. Fakhro Hails UNIDO and Oxford Business Group's efforts
Manama, May 12. (BNA) - Industry and Commerce Minister Dr. Hassan Abdulla Fakhro received here today the Chairman of the UNIDO-affiliated Arab Regional Center for Entrepreneurship & Investment Training (ARCEIT) Board of Trustees Shaikh Ibrahim bin Khalifa Al Khalifa and Head of the Bahrain-based UNIDO Investment Promotion Programme Dr. Hashim Hussein.
2011/05/12 More
Energy Minister Receives Al Amal Group Delegation
Manama, May 12. (BNA) - Energy Minister Dr. Abdul Hussein bin Ali Mirza received here today a delegation of Al Amal Group for Industry and Commerce. During the meeting, Dr. Mirza praised the endeavours made by businessmen and the private sector in the kingdom.
2011/05/12 More
Dr. Fakhro Pays an Inspection Visit to Mina Salman Industrial Zone
Manama, May 12. (BNA) -- Industry and Commerce Minister Dr. Hassan Abdulla Fakhro has asserted that the government's support for factories and companies active in the kingdom, especially the Bahraini ones, will continue unchanged so as to enable them to reach regional and international markets.
2011/05/12 More
Alba Reports Strong Q1 2011 Results
Manama - May11 (BNA) Aluminium Bahrain B.S.C. (Alba) has released the company's first quarter 2011 results. Alba's performance was unaffected by the political unrest in Bahrain in the month of February and March. Production was at full capacity and Alba was able to increase overall sales volume by 8.2% in the first quarter and net income of $ 88 million. Commenting on the results, Alba's Chief Executive, Laurent Schmitt said: "Q1 2011 was a challenging period for Alba as a result of the political unrest that took place in Bahrain. However, thanks to our loyal and dedicated workforce Alba was able to keep production at full capacity. "Alba remains on track to capitalise on the global economic recovery and has taken steps to expand our global footprint on value added products.
2011/05/11 More
Zain Bahrain supports e-Government Forum as platinum sponsor
Manama, May 11 (BNA) -- Leading telecoms company Zain Bahrain, which has a string of award-winning, innovative products and services to its credit, reaffirmed its commitment to the future by signing up as platinum sponsor of the Bahrain International e-Government forum 2011which takes place in Bahrain from May 16-18, 2011 at the Gulf Convention Center at the Gulf Hotel.
2011/05/11 More
UGB AnnouncesFirst Quarter Profit of US$ 4.8 million
Manama - May 10 (BNA) -- United Gulf Bank B.S.C. (c) ("UGB"), the asset management and investment banking arm of the KIPCO Group, has announced a net profit of US$ 4.8 million (0.59 US cents per share) for the first quarter of 2011, compared to the net profit of US$ 7.5 million (0.91 US cents per share) for the same period in 2010. Total income for the first quarter of 2011 was US$ 26.3 million compared to US$ 27.5 million in March 2010. UGB also made provisions of US$ 3.2 million for the quarter (Q1 2010: Nil). UGB’s total assets for the quarter were US$ 1.88 billion compared to US$ 1.92 billion for year end 2010. UGB’s capital adequacy ratio at the end of the first quarter of 2011 was 19 per cent,
2011/05/10 More
Shaikh Fawaz stresses IAA efforts to debunk fallacies
Manama, May 10 (BNA) Information Affairs Authority (IAA) President Shaikh Fawaz bin Mohammed Al Khalifa has asserted IAA’s massive efforts to project the kingdom’s various achievements abroad.
2011/05/10 More
GBCORP reaffirms faith in Bahrain as financial hub
Manama, May 10 (BNA) -- Global Banking Corporation (GBCORP) today announced the appointment of Oscar Silva as Chief Executive Officer. Silva is an acknowledged investment banking professional with 28 years of expertise in investment banking and asset management with focus on emerging markets.
2011/05/10 More
ABC Islamic Bank announces its net profit
Manama,May 10 (BNA) -- ABC Islamic Bank today announced its net profit for the first quarter of 2011 at $3 million; an increase of over 66% over the net profit of $1.8 million for the same period last year. Total operating income for the first quarter was $4.8 million, compared to $3.9 million for the first quarter of last year. Operating expenses increased to $1.8 million, compared with $1.4 million for the same period of last year, mainly due to a timing recognition of staff expenses related to compensation for last year.
2011/05/10 More
BIBF Board announces BIBF performance to exceed 20,000 participants in 2011
Manama, May 10 (BNA) -- The Specific Council for Vocational Training (Banking Sector) held its second meeting for the year 2011 chaired by Rasheed Mohammed Al Maraj, Governor of the Central Bank of Bahrain. The Council reviewed the total activities and progress of the Bahrain Institute of Banking and Finance (BIBF) as well as its financial statements for the year ending 31st December 2010. The Institute’s budget and financial activities for the year 2011 was also discussed and ratified.
2011/05/10 More