Regional News
March 2019

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, reported a net loss of BD17.5 million ($47 million) in the fourth quarter of 2018, down by 175 per cent versus a net income of BD23.4 million ($62.4 million) for the same period in 2017.






March 2019

Germany-based Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, has officially opened its new manufacturing facility in Bahrain. Bahraini government representatives and Armacell executives attended the ceremonial opening in the Bahrain International Investment Park (BIIP).






March 2019

Turkey-based ThermoBor, a company specialising in production of thermal insulation materials, recently met with senior Bahraini officials to discuss the company’s plans to open a regional office in Bahrain to cover the Gulf market, said a report.






March 2019

The value of non-oil exports  from Bahrain increased by 9 per cent as it reached BD2.286 billion ($6.06 billion) during 2018 versus BD2.093 billion ($5.55 billion) for the previous year.






March 2019

APM Terminals Bahrain, the exclusive operator of the kingdom’s Khalifa Bin Salman Port, said the board of directors have proposed distribution of dividends worth BD9.8 million ($25.8 million) for the year ended December 31, 2018. The proposed dividend is 109 per cent of the company’s capital, (approximately 109 fils per share).






March 2019

The UK enjoys strong trading relations with GCC countries and is looking forward to have a free trade agreement with the bloc in the right time, the UK Secretary of State for International Trade was quoted as saying in a media report.






March 2019

The Arab Brazilian Chamber of Commerce (ABCC) has opened its first overseas office in Dubai, UAE, during a special ceremony held recently at the Conrad Hotel.






March 2019

Dubai-based Jebel Ali Free Zone (Jafza), a DP World Company and the Middle East’s largest economic free trade zone, won the coveted Mohammed Bin Rashid Al Maktoum (MRM) Business Innovation Award.






March 2019

Almajdouie Logistics, a leading logistics player in the Middle East, has won the prestigious Mohammed Bin Rashid Al Maktoum (MRM) Business Innovation Award for its commitment to ingenuity and continuous improvement.






March 2019

Abu Dhabi-based Emirates Steel has achieved Dh7.5 billion ($2.04 billion) in revenue in 2018, an increase of 15 per cent as compared to Dh6.6 billion ($1.8 billion) in 2017. Emirates Steel is the only integrated steel plant in the UAE, and a subsidiary of the General Holding Corporation (Senaat).






March 2019

110 mining blocks in Oman OMAN’S Public Authority for Mining (PAM), the nodal agency for regulation and policy-making governing all mining and mineral related activities in the sultanate, has identified as many as 110 new mining blocks for investment in key locations around the country, said a report.






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