Sunday 25 September 2016
 
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Capex

Alba Line 6 capex down to around $3bn

Aluminium Bahrain (Alba), the Bahrain-based international smelter, announced that the capex associated with Line 6 Expansion Project was brought-down from $3.5 billion to around $3 billion. As per the initial bankable feasibility

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Aldar plans $1.42bn capex over next two years

Abu Dhabi's Aldar Properties has earmarked Dh5.2 billion ($1.42 billion) for capital spending over the next two years, its chief financial officer said on Tuesday. Greg Fewer was speaking after the emirate's largest listed

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VW cuts capex to $12bn next year as crisis takes toll

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

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Taqa sees new projects aiding revenues, cutting capex

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.

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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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