Bapco and Alba's Lost Budgets Between Al-Jawaheri and Al-Baqali
Soon Abdulrahman Jawahery, CEO of Bahrain Petroleum Company (Bapco), will complete a year in office. How has Bapco's status been during his tenure?
Bahrain's Alba Says Europe Wary of ordering Aluminium for Next Year
European customers are reluctant to place orders for next year due to worries about a recession, spurring a fall in demand, the head of Aluminium Bahrain (Alba) said.
U.S. Commerce Sets Anti-Dumping Duties on Aluminum Sheet from 16 countries
The U.S. Commerce Department on Tuesday issued final anti-dumping duties on common alloy aluminum sheet from 16 of 18 countries investigated, including up to 242.8% on imports from Germany and 83% on imports from Bahrain.
Bahrain's Alba Raising $1.5 billion in Bank Debt
Aluminium Bahrain (Alba), owner of one of the world's largest aluminium smelters, is raising $1.5 billion in bank debt to refinance loans it obtained in 2016 to back its Line 6 expansion project, two sources familiar with the matter said.
Ali Al-Baqali Appointed as Alba's Acting CEO
Aluminium Bahrain B.S.C (Alba) appointed Ali Al-Baqali as its Acting Chief Executive Officer, in a move that aims at bahrainizing the senior positions in the company.
Alba's Losses Amounted to BD3.3 Million
Aluminium Bahrain B.S.C. (Alba) announced a loss of BD3.3 million in the second quarter of 2019.
US Importers of Bahraini Aluminum Received Customs Exemptions: US Ambassador
The US Ambassador to the Kingdom of Bahrain, Justin Siberell, confirmed that some US importers of aluminum products have received tariff exemptions in a number of cases.
Alba Agrees on Disbursing Quarter Million BD to Board Members for Successful Operation of Line 6 Expansion Project.
The General Assembly of the Bahrain Aluminium Company (ALBA) has approved an annual financial reward of about a quarter million BD for board members, at a time when the country is working to reduce its expenses to confront the rise of public debt.
Alba Discusses Not Distributing Dividends to Shareholders, Distributing 210 Thousand BD Reward to Board Members
Alba’s extraordinary and ordinary general assembly meeting discuses on March 7 not distributing profits on shareholders and the transferring of 59,992 thousand BD to the retained earnings. The meeting also discusses the financial statements for the fiscal year which ended on December 31, 2018.
Alba's Annual Profit Drops 36% in 2018
Alba disclosed its financial results for the fourth quarter and full-year of 2018 during the board of directors meeting held on Thursday (February 7, 2019).
Bahrain Exported 4.8 Million Tons of Aluminum to 48 Countries in 3rd Quarter of 2018
Bahrain exported more than 4.8 million tons of aluminum to 48 countries with a total value of BD 391.4 million during the third quarter of 2018.
Alba Still Seeking Exemption from American Fees
Alba CEO, Tim Murray, said that the company is working with the Bahraini government in order to exempt its exports from taxes levied on aluminium imports in the United States.
Alba’s Sixth Line to be Operational by End of Year
The Chief Executive of the Supreme Council for the Environment, Mohammad bin Daynah, said that the sixth line of Alba’s plant will be operational by the end of 2018.
Alba Company Fires Workers Only for Being Interrogated by Interior Ministry
The Assistant Secretary for International Relations of the General Federation of Workers Trade Unions in Bahrain, Karim Radhi, revealed the ongoing dismissal of employees from Bahrain Aluminum, Alba.
Alba Announces BD 62.9 Million Net Income for First Half of 2018
Alba generated a Net Income of BD 29.1 million (US$ 77.4 million) in the second quarter of 2018 versus BD 17.7 million or the same period in 2017 up by 65% Year-over-Year (YoY).
Alba Says It Achieved BD 33.9 Million Profit in First Quarter
Bahrain Aluminum Company (Alba) reported a net gain of BD 33.9 million in the first quarter of 2018 compared to BD 25.6 million during the same period in 2017, an increase of 32% year-over-year.
Alba Announces Completing Hiring Process of 500 Employees in New Smelter
Aluminium Bahrain (Alba) announced that it has successfully completed the hiring process of 500 individuals for its Line 6 Expansion Project.
Bahrain's Alba Seeks Exemption from U.S. Aluminum Tariffs: CEO
Aluminium Bahrain (Alba), owner of one of the world’s largest aluminum smelters, is seeking an exemption from U.S. tariffs, its chief executive said on Tuesday.
Main Defendant in Alba’s Corruption Case Owns 50% of Largest Canadian Real Estates Worth $850 Million
A Canadian news website revealed that Victor Dahdaleh, a British-Canadian businessman has paid $850-million for part of an office complex in the heart of downtown Toronto. The news topped the economic headlines in Canada and was pointed out by Reuters.
Adnan Hashim Appointed as Alba’s Chief Financial Officer
Aluminium Bahrain B.S.C (Alba), the Bahrain-based international aluminium smelter, announced the appointment of Adnan Hashim as the new Chief Financial Officer, effective Tuesday March 06, 2018.