Promoting Bahrain!

MANAMA: Bahrain took part in the World Travel Market (WTM) which began in London yesterday. The participation of Bahrain came as part of efforts to attract tourists through this grand international event which brings together 5,000 tourism and airline companies and travel services suppliers. Information Ministry tourism promotion and marketing project chief executive Mohammed Nass affirmed the importance of Bahrain’s participation in the event. Tourism sector marketing head Bader Nasser said Bahrain was one of the first Gulf countries to take part in the WTM for 20 years. Sabic profit warning RIYADH: Saudi Basic Industries Corporation (Sabic) said yesterday it expects fourth-quarter earnings to be hit by a rapid slide in prices and a slowdown in demand due to the global financial crisis. « The prices curve nosedived from September 1 to today. Prices of polypropylene and polyethylene for instance were above $2,000, now they are below $1,000, » chief executive Mohamed Al Mady said. Rio to review plan DUBAI: Rio Tinto Alcan said yesterday it will review a $10.6 billion aluminium joint venture with Saudi firm Maaden, and sources close to the project said it could be delayed by one or two years. « We are looking at the technical and financial feasibility of all our projects, this is not unique to Maaden, » the source said at an industry conference here.