Volkswagen said it would reduce its capital spending to no more than €12 billion ($12.8 billion) next year as it grapples with the multi-billion-euro costs of its emissions crisis.
It will increase spendin
Abu Dhabi National Energy Company (Taqa) expects its new projects coming on stream this year and next will lift revenues while capital expenditure reduces to offset the impact of low oil prices, its chief financial officer (CFO) said.
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
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 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
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