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25 April 04:52 AM

Sector News

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13 February 2020 05:53 PM Alba profits down 91% in 2019
Mubasher: Aluminium Bahrain (Alba) reported a 91% decline in annual profits last year to BHD 5.37 million, compared with BHD 59.75 million for 2018. The board of directors has recommended the distribution of cash dividends to shareholders, which …
Financial Results
Alba’s new production facility is backed by EGA’s DX+ Ultra technology
29 December 2019 00:36 PM EGA completes 1st UAE project to export industrial technology
UAE – Mubasher: Emirates Global Aluminium (EGA), a major Emirati industrial company, has completed the country’s first historic industrial technology project to export UAE-developed industrial technology. Through its deal with Aluminium …
Company News
Photo Archive
20 November 2019 02:37 PM SABB, HSBC introduce blockchain to KSA, Bahrain
Riyadh – Mubasher: Saudi British Bank (SABB) and HSBC Bahrain have used blockchain technology to finance international trade, for the first time in Saudi Arabia and Bahrain. “The move puts Saudi Arabia and Bahrain at the forefront of global trade, …
Banking and Finance
Alba will release its third quarter 2019 financials on 27 October
15 October 2019 11:10 AM Alba’s acting CEO: “we are set for a strong finish to 2019”
Mubasher: Aluminium Bahrain (Alba) has recorded a growth of 51% year-on-year (YoY) in its sales’ volume of 376,025 metric tonnes (mt) during the third quarter of 2019, versus 248,970 mt over the corresponding period last year. Meanwhile, …
Company News
The hatchery’s capacity will be 60,000 chicks per day
3 June 2019 11:14 AM Delmon Poultry to open new hatchery by 2021
Mubasher: Delmon Poultry plans to open its second hatchery by 2021, with total investments of BHD 1.4 million, the company’s general manager told Al Watan newspaper. The hatchery’s capacity will reach 60,000 chicks per day instead of 35,000 chicks …
Companies Investments
The First Fire of the GT is considered a significant milestone
30 October 2018 05:51 PM Alba expansion project achieves 1st Milestone
Mubasher: Aluminium Bahrain (Alba) has conducted the First Fire of the First H-class General Electric (GE) 9HA Gas Turbine (GT) GE Unit 1 at Power Station 5 (PS 5) on Tuesday, 30 October 2018. The First Fire of the GT is considered a significant …
Companies Investments
This deal comes as part of Alba’s Line 6 Expansion project
30 October 2018 02:46 PM Alba inks expansion deal with Italy's Fluorsid
Mubasher: Aluminium Bahrain (Alba) has secured a long-term agreement with the Italian flurochemical company Fluorsid to supply smelter-grade aluminium fluoride, according to a recent statement. This deal comes as part of Alba’s Line 6 Expansion …
Companies Investments
SICO is considered one of the premier investment banks in the GCC region
16 October 2017 05:08 PM Alba Q3 profits surge backs Bahraini firms’ financials – SICO
Mubasher: The profits registered by the Bahraini companies are expected to increase by 21%, on an annual basis, during the third quarter of 2017, according to a recent report issued by the Securities & Investment Company (SICO). The report …
Sector Reports
Photo Credit: Arabianeye-Reuters
30 June 2015 09:36 AM Bahrain’s Nass wins BHD 46.8m road contract
  Bahrain – Mubasher: Nass Contracting Co., a subsidiary of Nass Corporation, announced winning an award to develop Sheikh Jaber Al Ahmed Al Subah highway in a contract worth BHD 46.8 million, the company revealed in a bourse filing. The company …
Company News