AGP Executive Report
Last update: 19 minutes agoRenewable Energy: EWA has retendered the 100MWac Bilaj Al Jazayer solar project, targeting commercial operations by the end of 2028 and supporting Bahrain’s 2035 clean-energy goal. Industrial Technology: stc Bahrain and ASRY have deployed the kingdom’s first commercial private 5G network, enabling shipyard automation, AI monitoring and robotic inspections. Energy Investment: Bapco Energies’ BeVentures arm has made its first fund investment, backing Kimmeridge Fund VII to explore natural gas and LNG opportunities. Payments: GPS, EazyPay and Mastercard are launching a prepaid card programme, adding to Bahrain’s expanding digital payments market. Business Results: Alba’s nine-month profit rose 44.3% to $422.1 million, despite a 72.5% year-on-year drop in third-quarter profit; Bank ABC reported nine-month profit of $165 million, down from $204 million as provisions increased. Regional Logistics: A GCC railway agreement signed in Manama sets a framework for passenger and freight links across member states, with full operations targeted for 2030. Skills and Startups: Gulf Air Group and Nasser Centre for Science and Technology will train 40 Bahraini aviation apprentices, while Tamkeen, Alba and Bahrain Development Bank are backing Tenmou’s MENA Angel Investors Summit.
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