Saturday 12 July 2014

GMS plans $400m capex to 2016; eyes overseas

Oil services firm Gulf Marine Services plans to spend around $400 million up to 2016 and expand into south-east Asia and west Africa next year to tap strong demand for its vessels, its chief executive said on Thursday. The Abu Dha


Taqa projects capex may hit $2.5bn in 2014

Abu Dhabi National Energy Co's (Taqa) capital expenditure for 2014 will be between $2 billion and $2.5 billion, the company's chief executive said on Tuesday. Carl Sheldon said this would be "a little less than in 201


Saudi Electricity 2013 capex near $10bn

Saudi Electricity Company (SEC) will have capital expenditure needs of nearly $10 billion next year, a senior executive said on Tuesday, and the state-controlled utility may tap debt markets to raise some of the funds. SEC, the Gu


NMC Health net profit jumps 21pc

  NMC Health, the United Arab Emirates healthcare provider which floated on the London market in April, posted a 21 percent rise in first-half net profit on higher revenues from its core business.  


Telecom firms fear capex liquidity bottlenecks

A number of the telecom companies in the Middle East and North Africa (Mena) see capital expenditure (Capex) liquidity bottlenecks as a real threat to growth amid the global economic crisis, said a study. According to the study conduc

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