Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Bahrain and Russia look to boost economic cooperation

Bahrain's Minister of Oil, Mohammed bin Mubarak Bin Daina, meets with Russian officials in Manama. (BNA)
  • The Bahraini oil minister spoke highly of the Bahraini-Russian relations and their steady progress across various domains, including in the energy sector
  • The Russian official expressed his country’s keenness to further bolster its cooperation with the kingdom in various fields, wishing Bahrain further prosperity

Manama, Bahrain— Bahrain and Russia have held discussions to enhance cooperation in various fields of the two countries’ economies.

In this regard, Dr. Mohammed bin Mubarak Bin Daina, Minister of Oil and Environment and Special Envoy for Climate Affairs, met Roman Panov, the President of the Russian GEOTEK company, a leader in geological exploration. Johann Pleininger, Chief Executive Officer of Bapco Upstream, was also present in the meeting.

The minister affirmed the importance of further enhancing cooperation in the energy field with various countries to benefit from their expertise in modern technology and energy in various oil projects.

He commended the Bahraini-Russian relations and their steady progress across various domains, including in the energy sector.

President of GEOTEK expressed his country’s keenness to further bolster its cooperation with the kingdom in various fields, wishing Bahrain further progress and prosperity.