Nawras' capital expenditure seen at OMR200m
The Omani Qatari Telecommunications Company's (Nawras) capital expenditure (Capex) between 2012 and 2014 will be around OMR 200 million, which represents a Capex to revenue ratio of around 31% and is roughly twice the international average, said the company's chief executive officer Greg Young.
Qatar Index gains 0.14% on local retail investors' buying support
With earnings sessions round the corner, Qatar Exchange closed the week on a higher note, albeit on a slower pace.
Sipchem, Sahara sign merger deal to form SAR6.67bn petrochem giant
The Saudi International Petrochemical Company (Sipchem) and Sahara Petrochemical Company (Sahara) have jointly signed a memorandum of understanding (MoU) to start the due diligence process over a proposed business merger between the two companies, according to a statement posted on the Saudi stock exchange (Tadawul).