Aluminium Bahrain promotes more than 600 employees
Suad hamada (Bahrain Roundup) / 14 May 2014
Aluminium Bahrain (Alba), a leading aluminium producer in the Middle East, reinforced its commitment to support employees’ professional growth with the recent promotion of over 600 staffers across all levels in the plant.
The promotions — for the period of 2013 and Q1 2014 — were based on international standards of employees’ career advancement, including knowledge and skills, dedication towards work, initiatives at work and demonstrated potential for growth.
Congratulating the promoted employees, Alba’s chief executive officer Tim Murray said: “The success of any organisation is based on the quality and skills of its employees. I am confident that these new appointments will further strengthen the overall growth of the company.”
“ I wish them success in their new positions and assure them of Alba’s continued support for their professional growth,” Murray added.
ABC Islamic Bank announces Q1 profit
ABC Islamic Bank has announced that its net profit for the first quarter of 2014 rose to $3.5 million, registering an increase of nine per cent compared to $3.2 million reported in the first quarter of last year.
Total operating income rose to $5.2 million, 26 per cent growth over $4.1 million in the first quarter of last year. Operating expenses increased to $1.6 million compared to $0.8 million for the same quarter of last year.
Shareholders’ equity at March 31, 2014, stood at $252 million, compared to $248 million at 2013 year-end. ABC Islamic Bank’s total assets stood at $1.131 billion at the end of the first quarter compared to $1.002 billion at 2013 year-end.
Bapco marks second anniversary of Sadeem fuel card service
The Bahrain Petroleum Company (Bapco) has recently celebrated the second anniversary of the launch of the Sadeem smart fuel card service, which was launched nationwide in May 2012.
The initiative was part of Bapco’s continued efforts to meet the needs and requirements of its clients.
Over the past two years, the Card Business Unit (CBU) has issued over 50,000 cards and the service is now available at 17 stations in the kingdom.
The CBU is scheduled to launch an awareness campaign at the City Centre end of May to spread awareness of Sadeem card and to measure customer feedback. Bapco aspires to issue 80,000 Sadeem cards which will be made available at 35 stations in Bahrain by the end of 2014.
The Sadeem card service has garnered great popularity owing to its capability to be used as a substitute to cash payments and fuel vouchers and has been overwhelmingly preferred by customers due to its efficiency, effectiveness, and safety.
Al Hawaj relaunches Helveco watch
Al Hawaj and CIC Germany announced last week the re-launching in Bahrain of the Swiss luxury watch brand Helveco. The Bahrain -based company’s range of watches, writing instruments, cufflinks, leather goods and other accessories will be now available through a “shop-in-shop” at Al Hawaj stores across the country.
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