Friday 25 July 2014
 
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Capex

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

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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

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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

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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.  

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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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