Global marketsUpdated 8h ago

Alba’s third-quarter profit fell 73% as aluminium sales dropped 50%.

Asharq Business with Bloomberg reported that Aluminium Bahrain (Alba)’s third-quarter profit fell 73%, while aluminium sales fell 50% amid supply disruptions. Higher prices and insurance compensation partly offset the pressure. The report placed the supply disruptions in the context of the Iran war, without identifying a specific action as the cause of Alba’s decline. Separately, the Saudi Foreign Ministry condemned repeated Iranian attacks on Bahrain and Kuwait as violations of state sovereignty and international law, held Iran responsible for their continuation and called for them to stop.

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