Ben Novak

Bahrain Duty Free Leading Duty Free in the Middle East operated by Aer Rianta International

May 19, 2009

Bahrain Duty Free Leading Duty Free in the Middle East operated by Aer Rianta International, Managing Director of Aer Rianta International (Bahrain Duty Free), John Sutcliffe
I think the growth in Bahrain Duty Free will parallel that. The airport has a major plan for expansion, and I think when that happens, when we have more space and are able to improve the offer, we will see a significant lift. But generally speaking over the long term we have steady growth and Bahrain Duty Free will remain a player. The quality is very important, and Bahrain Duty Free is an entirely different kind of offer. It may not be the biggest, it’s not small either at 100 million dollars. What you will find there is a very interesting retail offer, that has in fact won the Airport Retail of the Year Award for its design and approach to customer service.

Ithmaar Bank Bahrain Ithmaar banking Group Bahrain Banking

May 19, 2009

Ithmaar Bank, Islamic Investment Bank in Bahrain, CEO, Michael P. Lee
I think that because of the past experiences of some of our investment professionals at Ithmaar Bank that have been involved in infrastructure funds and the Islamic development bank infrastructure fund (the first fund for this region) that both this group as an investor and then some of the people actually at the fund manager before coming to Ithmaar bank.

Bahrain Aluminium GARMCO Bahrain

May 17, 2009

Bahrain Aluminium GARMCO, CEO of GARMCO, Dr. Adel Hamad A. Rahman Hamad
For GARMCO, Bahrain Aluminium is a small market and GARMCO has to think globally. When GARMCO was set up initially there was no trade in the GCC so you can see how we have developed throughout the years. The other issue is that they produce a very high quality product whereas other mills buy it from smelters that do a lot of recycling which reduces purity.   Bahrain Aluminium – GARMCO also is owned by the government of Bahrain and the GCC so Bahrain has a 38% stake in Bahrain Aluminium – GARMCO and 75% in ALBA; therefore, there is a mutual interest in trade for the benefit of the shareholders

Al Areen Development

May 12, 2009

Managing Director of Al Areen Holding Company, Stephen Rothel
The sold plots in Al Areen Development embrace a range of diverse uses. In Al Areen Development there is a very substantial integrated retail shopping center which will be instrumental in serving the retail needs of both Al Areen Development and neighboring communities.   

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