In Focus

Aiming for sustainable and long-term growth in Mideast

This year RathGibson plans to focus on desalination, especially as it is the world leader in the manufacture of titanium-welded tubes. The company’s potential markets include the food, dairy, beverage and pharmaceutical sectors writes Mridula Bhattacharya

RATHGIBSON Bahrain, Middle East office of the US-based precision engineering tube manufacturer, says it has been growing year on year especially in the power generation, oil and gas and petrochemical sectors and in new markets such as geothermal and desalination.

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FEB makes $14.2m in profits in one of the hardest years for banking

FEB established, in partnership with Saudi Arabia’s Project Management and Development (PMD) Company, the largest polysilicon production facility

BAHRAIN-BASED First Energy Bank (FEB) has announced profits of $14.2 million in 2009, as compared to $42 thousand in 2008’s. FEB also reported a gross income of $47.41 million for 2009 as compared to $17.03 million in 2008. Total assets have increased from $1.021 billion to $1.233 billion in 2009 when compared to 2008.

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