Dr. Mirza discusses Ways of Cooperation and Coordination between Electricity and Water Authority and Supreme Council for Environment

Manama, May 16th (BNA) –Minister of State for Electricity and Water Affairs, Dr. Abdul Hussain Bin Ali Mirza received today the CEO of the Supreme Council for Environment, Adel Khalifa Al Zayani.

At the beginning of the meeting, Dr. Mirza welcomed Dr. Adel Al Zayani, and lauded the role of the Supreme Council for Environment, and his efforts to create a sustainable environmental policy through the preparations of studies, and implementing ambitious plans.

Dr. Mirza, who is a member of the Supreme Council for Environment discussed with its CEO a number of issues of common interest, and ways of coordination between Electricity and Water Authority and the Supreme Council for Environment in implementation of the directives of the Personal Representative of HM the King, the Chairman of the Supreme Council for Environment, HH Shaikh Abdullah Bin Hamad Al Khalifa. This is achieved in the framework of the performance’s integration between all the state’s institutions.

Dr. Adel Khalifa Al Zayani expressed his appreciation and gratitude to the minister on his sustainable contact and keenness to develop joint cooperation and also his understanding of all the various issues discussed, and in the same time lauding the great efforts by Electricity and Water Authority to provide the best services to all subscribers in the Kingdom.


BNA 1605 GMT 2013/05/16

ABC Islamic Bank registers USD 3.2 million profits in 1st quarter of 2013

Manama: May 15 — (BNA)– The Bahrain-based Arab Banking Corporation’s subsidiary, ABC Islamic Bank, yesterday announced a net profit of US$ 3.2 million for the first quarter of this year (2013) compared to US$ 1.6 million last year (2012).
The Bank’s total operations’ income for the first quarter rose to $4.1 million from $3.4 million last year. The operating expenses decreased to $0.8 million compared to $1.3 million for the same quarter last year.

Shareholders’ equity as on March 31st, 2013 was US$ 239.2 million, compared to US$ 236 million on 31st December 2012, the bank disclosed in its statement.

According to the statement, the bank’s capital base remains very strong with a capital adequacy ratio of 27.1%, predominantly Tier 1, which totaled 26.8%.

The Bank’s total assets stood at US$ 1.073 billion at the end of the first quarter compared to US$ 1.067 billion at 2012 year. (IY)


BNA 0648 GMT 2013/05/15

BAPCO Affirms Support for CPISP

Manama, May 15. (BNA) — Head of His Royal Highness Crown Prince’s Court Shaikh Khalifa bin Daij Al Khalifa received here today the Board Chairman and Acting CEO of the Bahrain Petroleum Company (BAPCO) Eng. Adel Khaleel Al-Moayyad who affirmed BAPCO’s continuous support for the Crown Prince’s International Scholarship Programme (CPISP) and renewal of its membership as a Gold Sponsor that pays a total of BD100,000 over five years.
During the meeting, Al-Moayyad presented a cheque of BD100,000, BAPCO’s second payment.

Bapco Chief Executive Abdulkarim Al-Sayed presented Bapco’s annual contribution of BD100,000 to CPISP Director Dr. Ronald Koller. This is Bapco’s third payment of its BD500,000 pledge to the CPISP.

Shaikh Khalifa bin Daij expressed sincere thanks and appreciation to BAPCO for its sponsorship and contributions to the programme, lauding its cooperation with CPISP so as to be able to achieve the set goals.

On his part, Al-Moayyad expressed pride in BAPCO’s support for such a national programme aimed at developing the talents and capabilities of Bahrain’s youths in order to prepare highly qualified cadres.

He added that sponsorship was part of Bapco’s commitment to its social partnership in boosting efforts to boost the march of sustainable development across the kingdom.