Latest news with #BD105
Daily Tribune
28-05-2025
- Business
- Daily Tribune
Bahrain's export sector Hits New High
TDT | Manama Bahrain's non-oil exports hit record BD338 million in April Bahrain's efforts to diversify its economy beyond oil received a boost in April 2025, as non-oil exports of nation- al origin surged by 22% compared to the same month last year. According to the latest Foreign Trade Report released by the Information & eGovernment Authority (iGA), the Kingdom exported BD338 million worth of domestically produced goods, up from BD277 million in April 2024. The figures reflect growing momentum in Bahrain's industrial base, especially in aluminium and mineral exports, which accounted for the largest share of the month's shipments abroad. Aluminium and iron drive growth Unwrought aluminium alloys continued to be Bahrain's top export, recording a value of BD105 million in April - accounting for 31% of all national origin exports. It was followed by agglomerated iron ores and concentrates alloyed at BD54 million (16%) and non-alloyed alu- minium wire at BD18 million (5%). Saudi Arabia maintained its l e a d a s Bahrain's l a rg e s t export destination, receiving BD81 million worth of goods (24%). The United States followed with BD35 million (10%), and the United Arab Emirates came in third with BD32 million (9%). Imports grow While exports climbed, Bahrain's imports also rose significantly - by 20% - reaching BD575 million in April, up from BD481 million in the same month last year. China was the top country of origin for imports at BD64 million (11%), followed by Australia with BD55 million (10%) and the UAE with BD49 million (9%). Top traded goods Among imports, non-agglomerated iron ores and concentrates led with BD67 million (12%), followed by aluminium oxide at BD51 million (9%) and gold jewellery at BD36 million (6%). On the re- exports side, turbo-jets topped the list at BD7.2 million, with fourwheel drives and gold ingots also featuring prominently. Although re-exports dipped by 9% to BD71 million, the top three markets - the UAE, Saudi Arabia, and Luxembourg - accounted for nearly three-quarters of that total.
Daily Tribune
18-04-2025
- Business
- Daily Tribune
Private sector power shift cuts costs
Handing electricity production over to the private sector has helped cut running costs and sharpen output, Electricity and Water Affairs Minister, His Excellency Yasser Humaidan, told Parliament. He said this approach lifts a weight off public finances, as the government no longer has to foot the bill for new power stations, an outlay that would otherwise run into large sums. 'The move towards independent power production began over two decades ago,' he said. 'It's worked well. Costs have dropped, and efficiency has improved, thanks to modern technology and a flexible way of meeting growing demand.' Humaidan said that generating one kilowatt-hour of electricity costs 21.7 fils, while transmission and distribution add another 7.5 fils. Electricity subsidies last year stood at BD161 million, he said, with BD105 million going to the first tier of household bills.
