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Latest articles in Bahrain

Middle East security risks unchanged by US withdrawal from Afghanistan

Should governments in the Middle East that are allied, or at least aligned, with the US be more concerned for their security following the final US withdrawal from Afghanistan? Or, at least, no more than they were before recent images from Kabul airp...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 24 August 2021
Middle East security risks unchanged by US withdrawal from Afghanistan
Middle East security risks unchanged by US withdrawal from Afghanistan

IMF approves historic US$650bn SDR allocation

A US$650bn general SDR allocation has finally been agreed by the IMF, after the last hurdle to its implementation, approval by the Fund’s Board of Governors, was granted yesterday (see statement). The IMF MD, Kristalina Georgieva, called it a histori...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 3 August 2021
IMF approves historic US$650bn SDR allocation
IMF approves historic US$650bn SDR allocation

Aluminium Bahrain: Q2 21 preview – Record profit expected as aluminium prices continue to rally

Aluminium Bahrain (Alba) will report Q2 21 results on 1 Aug 2021, as we highlighted in our previous note. Alba's financials is not only set to benefit from the increase in LME aluminium prices, but also from the declining prices in alumina – a key ra...
Tellimer Research Janet
Janet Ogunkoya @ Tellimer Research 29 July 2021
Aluminium Bahrain: Q2 21 preview – Record profit expected as aluminium prices continue to rally
Aluminium Bahrain: Q2 21 preview – Record profit expected as aluminium prices continue to rally

OPEC+ reset

At its 18 July meeting OPEC+ addressed UAE concerns and restored its cooperation on output. Rebased the production levels from which any agreed restrictions will be applied from May 2022: with an 11% increase for the UAE, the main dissenting voice tw...
Tellimer Research Hasnain
Hasnain Malik @ Tellimer Research 19 July 2021
OPEC+ reset
OPEC+ reset

Aluminium Bahrain: High aluminium prices and low alumina costs back bullish outlook

Since our last update, Aluminium Bahrain (Alba) stock has gained 25% to BHD0.65, moving above our previous target price of BHD0.63 (now increased to BHD0.83). We raise our 2021 EPS forecast for Alba to BHD0.244 (previously BHD0.053) after Q1 21 EPS o...
Tellimer Research Janet
Janet Ogunkoya @ Tellimer Research 13 July 2021
Aluminium Bahrain: High aluminium prices and low alumina costs back bullish outlook
Aluminium Bahrain: High aluminium prices and low alumina costs back bullish outlook

IMF gives green light to new SDR allocation

The IMF has announced finally that its Executive Board has approved a proposal for a new general SDR allocation, equivalent to US$650bn, according to a statement published late yesterday by the IMF MD Kristalina Georgieva. If approved, the SDR alloca...
Tellimer Research Stuart
Stuart Culverhouse @ Tellimer Research 9 July 2021
IMF gives green light to new SDR allocation
IMF gives green light to new SDR allocation