 |
Energy sector ‘failing to extract full digital potential’With more than half (58 per cent) of energy company leaders admitting they don't know how to keep pace with technology innovations, they are failing to extract digital’s full potential, said management consultancy Accenture in a report More… |
 |
Saudi waste management firm inks funding dealGlobal Environmental Management Services (Gems), a Saudi-based integrated waste management and industrial and engineering services, said it has successfully inked a SR300 million ($80 million) capital expenditure and working capital agreement th More… |
 |
Alba Line 6 capex down to around $3bnAluminium 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 More… |
 |
Aldar plans $1.42bn capex over next two yearsAbu 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 More… |
 |
VW cuts capex to $12bn next year as crisis takes tollVolkswagen 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 More… |
 |
Taqa sees new projects aiding revenues, cutting capexAbu 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. More… |
 |
GMS plans $400m capex to 2016; eyes overseasOil 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 More… |
 |
Taqa projects capex may hit $2.5bn in 2014Abu 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 More… |
 |
Saudi Electricity 2013 capex near $10bnSaudi 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 More… |
 |
NMC Health net profit jumps 21pcNMC 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. More… |
