Company Insights Aluminium Bahrain Industry Aluminium Bahrain News Renewable Energy Bahrain signs deal for its biggest solar park Bahrain has signed deals to build a 72 megawatt solar power plant in what will be the largest of its kind in the kingdom. The project, located in the southern region of Sakhir, will form part of Bahrain’s push to cut its carbon emissions by 30 percent by 2035 and hit its net zero target […] August 16, 2023 Industry Alba earnings fall 84% during global economic woes Aluminium Bahrain (Alba) reported a profit of BD29.9 million ($79.5 million) for the second quarter of 2023, a drop of 83.6 percent year on year, as global economic challenges weighed down its earnings. Revenue fell 25.6 percent to BD387 million in the quarter from BD520.4 million a year earlier. Production reached 405,628 metric tonnes, an […] August 10, 2023 Analysis Banking & Finance Mid-cap stocks offer best dividend yields in Gulf Dividend-seeking Gulf investors are likely to find little value among the region’s blue-chip stocks and should instead target mid-cap companies with steady cash flows and low debt, experts suggest. When interest rates hovered near zero and average dividend yields on GCC stocks were around 4 percent, the difference with the risk-free rate – the return […] June 2, 2023 Analysis Economy Bahrain is likely to miss target on balancing books Bahrain is unlikely to hit a target of balancing its books in 2024 but could see lower budget deficits as the government pursues non-oil growth. Preliminary fiscal data for year-end 2022 points to a minor deficit of 1.1 percent of GDP, underpinned by a 97 percent year-on-year increase in nominal tax revenue after doubling the […] May 30, 2023 Economy Bahrain’s hospitality sector grows 18%, helping Q2 GDP up 6.9% Bahrain’s gross domestic product rose 6.9 percent year-on-year in the second quarter of 2022, posting the biggest annual increase since 2011, Bahrain News Agency reported, citing the Ministry of Finance and National Economy. The positive economic growth was driven by the strong performance of the non-oil sectors targeted by the Economic Recovery Plan. The hotels […] September 26, 2022 Analysis Banking & Finance Central banks go digital, bit by bit The turmoil in cryptocurrency markets this year has been a wake-up call to investors and regulators, prompting questions about how viable many digital currencies really are. According to CoinMarketCap, the total value of cryptocurrencies has slumped from almost $3 trillion in November 2021 to less than $1 trillion in September this year. But not all […] September 14, 2022 Analysis Energy Crown prince keen to catch up after slow start on green energy At a time of heightened global pressure to cut carbon emissions, many Gulf countries are racing to develop their renewable energy credentials. Bahrain, however, has been one of the slower-moving actors, and still relies on conventional fuels for almost all of its electricity. The country had a mere 12mw of renewable capacity in 2021, just […] August 10, 2022 Manufacturing Alba confirms it is ‘exploring’ listing in Saudi Arabia Bahrain’s sovereign wealth fund Mumtalakat is considering a secondary listing of Aluminium Bahrain BSC (Alba) on Saudi Arabia’s Tadawul stock market. Alba said in a statement to the Bahrain Stock Exchange yesterday it is “exploring various opportunities, one of which is a potential secondary listing on Saudi Arabia’s Stock Exchange which is currently under evaluation […] June 23, 2022 Posts navigation Previous 1 2 3
Renewable Energy Bahrain signs deal for its biggest solar park Bahrain has signed deals to build a 72 megawatt solar power plant in what will be the largest of its kind in the kingdom. The project, located in the southern region of Sakhir, will form part of Bahrain’s push to cut its carbon emissions by 30 percent by 2035 and hit its net zero target […] August 16, 2023
Industry Alba earnings fall 84% during global economic woes Aluminium Bahrain (Alba) reported a profit of BD29.9 million ($79.5 million) for the second quarter of 2023, a drop of 83.6 percent year on year, as global economic challenges weighed down its earnings. Revenue fell 25.6 percent to BD387 million in the quarter from BD520.4 million a year earlier. Production reached 405,628 metric tonnes, an […] August 10, 2023
Analysis Banking & Finance Mid-cap stocks offer best dividend yields in Gulf Dividend-seeking Gulf investors are likely to find little value among the region’s blue-chip stocks and should instead target mid-cap companies with steady cash flows and low debt, experts suggest. When interest rates hovered near zero and average dividend yields on GCC stocks were around 4 percent, the difference with the risk-free rate – the return […] June 2, 2023
Analysis Economy Bahrain is likely to miss target on balancing books Bahrain is unlikely to hit a target of balancing its books in 2024 but could see lower budget deficits as the government pursues non-oil growth. Preliminary fiscal data for year-end 2022 points to a minor deficit of 1.1 percent of GDP, underpinned by a 97 percent year-on-year increase in nominal tax revenue after doubling the […] May 30, 2023
Economy Bahrain’s hospitality sector grows 18%, helping Q2 GDP up 6.9% Bahrain’s gross domestic product rose 6.9 percent year-on-year in the second quarter of 2022, posting the biggest annual increase since 2011, Bahrain News Agency reported, citing the Ministry of Finance and National Economy. The positive economic growth was driven by the strong performance of the non-oil sectors targeted by the Economic Recovery Plan. The hotels […] September 26, 2022
Analysis Banking & Finance Central banks go digital, bit by bit The turmoil in cryptocurrency markets this year has been a wake-up call to investors and regulators, prompting questions about how viable many digital currencies really are. According to CoinMarketCap, the total value of cryptocurrencies has slumped from almost $3 trillion in November 2021 to less than $1 trillion in September this year. But not all […] September 14, 2022
Analysis Energy Crown prince keen to catch up after slow start on green energy At a time of heightened global pressure to cut carbon emissions, many Gulf countries are racing to develop their renewable energy credentials. Bahrain, however, has been one of the slower-moving actors, and still relies on conventional fuels for almost all of its electricity. The country had a mere 12mw of renewable capacity in 2021, just […] August 10, 2022
Manufacturing Alba confirms it is ‘exploring’ listing in Saudi Arabia Bahrain’s sovereign wealth fund Mumtalakat is considering a secondary listing of Aluminium Bahrain BSC (Alba) on Saudi Arabia’s Tadawul stock market. Alba said in a statement to the Bahrain Stock Exchange yesterday it is “exploring various opportunities, one of which is a potential secondary listing on Saudi Arabia’s Stock Exchange which is currently under evaluation […] June 23, 2022