24x7 News » August 7th, 2011 News Article posted on “August, 2011”

$72m cash windfall for Bahrain Mumtalakat

Mahmood Koohiji Alba Chairman

Aluminium Bahrain (Alba) will pay a total amount of $102 million as interim dividend for 2011 as a publicly listed company on Tuesday, August 9, 2011, Alba top official revealed on Saturday. Alba processes the second dividend since being listed [...]

August 7th, 2011 | Posted in Headline,Industry & Commerce | Read More »

BBK-Geojit Securities eyes 600,000 NRIs in Kuwait

Abdulkarim Bucheery BBK CEO, second from right, exchanging agreement documents with C. J. George after the agreement signing ceremony, while Jassem Hassan Zainal looks on

BBK, Bahrain’s pioneer in retail and commercial banking, on Saturday signed an agreement with the Geojit BNP Paribas Financial Services Ltd (India) and JZ Associates LLC (Kuwait) to form a new joint venture. BBK will 40% stake while other two [...]

August 7th, 2011 | Posted in Banking & Finance | Read More »

Bahrain’s telecom sector revenues up 6.5%

Dr Mohd AlAmer

With an 11% per cent increase in mobile telephony and 27% in broadband, the revenue stream from the telecom sector reported 6.5% increase in 2010, according to an official report. The Telecommunications Regulatory Authority (TRA), which published its annual report [...]

August 6th, 2011 | Posted in Telecom,TRA | Read More »

Oil prices could go as high as $200 per barrel

Badr_Jafer

Based on the oil price spikes of the 1970s and 2008 oil could easily head towards $200 per barrel in the event of a similar crisis today, according to Badr Jafar, President of Crescent Petroleum. “Such an adverse increase in [...]

August 6th, 2011 | Posted in Headline,Oil & Gas | Read More »

‘Bahrain’s economy builds on strong fundamentals’

Dr-Esam-Fakhro

Bahrain’s economic development is on the right path and the overall health of economic and banking system remained resilient during the recent past, a top official at the Central Bank of Bahrain revealed on Friday. Rasheed Al Maraj, the Governor [...]

August 6th, 2011 | Posted in Banking & Finance | Read More »

Dr Fakhro gets briefing on BIIP

BIIP

Industry and Commerce Minister Dr Hassan Abdulla Fakhro received Bahrain Investment Warf Chairman Ahmed Al-Qattan, who updated him on developments of the Bahrain International Investment Park (BIIP), located at Salman Industrial City. The minister lauded the project strides and the [...]

August 5th, 2011 | Posted in Industry & Commerce | Read More »

Dr Mirza receives organizers of HR Summit

Dr Mirza

Minister of Energy Dr. Abdulhussain bin Ali Mirza met with CEO of Roshcom Firm M.A. Sardar, organizing the 3rd International Human Resources Summit intended to be held in the Kingdom of Bahrain during the period 10-12 October 2011. Dr. Abdulhussain [...]

August 5th, 2011 | Posted in Oil & Gas | Read More »

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