Home / Bahrain / Industry Total sales fell $5 million to $515 million compared with the same period a year ago. Second quarter net profit at Aluminium Bahrain (Alba) – owner of the world’s No. 4 aluminium smelter – dropped more than 25 per cent to $41 million in the second quarter of 2013 as metal prices fell. Total sales fell $5 million to $515 million compared with the same period a year ago. Alba’s board recommended a dividend of 12 fils per share, a total of $45 million, Read more [...]

A boy holds a sign during a protest in support of Gaza, in Karrana, Bahrain, yesterday. Gaza health officials say more than 1,000 Palestinians have been killed in the ongoing Gaza war as Israel battles Hamas militants and that more than 100 bodies were recovered yesterday even as Israel agreed to extend a humanitarian ceasefire with Hamas for four hours as diplomats worked to create a longer truce. Hamas has said there would be no truce extension. - AP PHOTO Read more [...]

Home / Bahrain / Finance / Industry The company made a net profit of BD10.4 million ($27.6 million) in the three months to June 30. Bahrain Telecommunications Co (Batelco) posted a 22.4 per cent drop in second-quarter profit on Sunday, according to Reuters calculations. The former monopoly, which had reported declining profits in 16 of the previous 19 quarters, made a net profit of BD10.4 million ($27.6 million) in the three months to June 30, down from BD13.4 million in the year-earlier Read more [...]