* Q1 profit 14.2 mln dinars, down 2 pct from a yr ago * Q1 revenue 93.7 mln dinars, down 4 pct from a yr ago (Adds detail, acting CEO quotes) By Matt Smith DUBAI, April 29 (Reuters) - Bahrain Telecommunications Co (Batelco) posted a 2 percent fall in first-quarter profit after revenue was dented by tougher competition and adverse foreign exchange movements. Batelco, the former chief executive of which stepped down in February after Read more [...]

The rules, published on BHB’s website include the pre-requisites that the REIT has to satisfy in order to be admitted for listing on the Bourse and ensure that they meet the Central Bank of Bahrain’s requirement pursuant to the Financial Trust Law No. (23) of the Year 2006 and Volume 7 of the CBB Rulebook and the rules issued by Bahrain Bourse on REITs.  The rules stipulate the listing requirements that the REIT should comply with at the time of making an application for listing, such as ensuring Read more [...]

DUBAI, April 29 (Reuters) - Bahrain Telecommunications Co (Batelco) posted a 2 percent fall in first-quarter profit on Wednesday. Batelco, whose former chief executive Alan Whelan left in February after less than a year at the helm, made a net profit of 14.2 million dinars in three months to March 31, down from 14.5 million dinars in the year-earlier period.SICO Bahrain forecast Batelco would make a quarterly profit of 14 million dinars.Batelco's first-quarter revenue was 93.7 million dinars, down Read more [...]