Regional News
August 2018

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, has bounced-back with a strong performance in the first half of this year, recording a surge in its net profit and a double-digit increase in its production and sales volume.  Alba’s net income surged 65 per cent in the second quarter of this year to BD29.1 million ($77.






August 2018

In an effort to inject new blood into the executive management, Gulf Petrochemical Industries Company (GPIC) has announced rotation of its senior managers.






August 2018

DP World Limited handled 35.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2018, with gross container volumes growing by 4.8 per cent year-on-year on a reported basis and 6 per cent on a like-for-like basis.






August 2018

Oman’s Port of Salalah marked another milestone in its ongoing initiative to promote Oman as a logistics hub for the region with the successful commissioning of a state-of-the-art agricultural bulk terminal, said a report.






August 2018

Bahrain-based Arab Shipbuilding & Repair Yard (Asry), a leading ship and rig repair facility, is banking on its new fabrication and engineering division to make up for revenues lost in its traditional business due to challenging conditions.






August 2018

Flat6Labs, a regional startup accelerator programme and seed investment firm, has opened its Bahrain office, supported by Tamkeen, the kingdom’s labour fund.






August 2018

Bahrain’s gross domestic product (GDP) in the current prices grew by 5.1 per cent during the first quarter (Q1) of the year as compared to the same quarter of 2017, the Information & eGovernment Authority (iGA) said in a new report. Meanwhile, Bahrain non-oil sector beat expectations with 3.4 per cent and 1.






August 2018

Saudi Arabia’s Real GDP growth is expected to increase to 1.9 percent in 2018, with non-oil growth strengthening to 2.3 percent, said an IMF statement.






August 2018

The Dubai Chamber of Commerce and Industry has announced the opening of a representative office in the Republic of Panama. The new office has been established to strengthen the organisation›s presence in Latin America, which forms part of its strategic plan to expand into promising markets, said a statement from Dubai Chamber.






August 2018

Zuberi: accomplished professional APM Terminals Bahrain appoints new CFO APM Terminals Bahrain, the operator of Khalifa Bin Salman Port (KBSP), has appointed Farooq Zuberi as its new chief financial officer (CFO).






August 2018

Small and medium-sized enterprises (SMEs) could be set for a much more prominent role in Qatar, with the government stepping up efforts to collaborate with local companies as part of broader diversification plans.






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