Othman Sultan said du would not need any new loans till the end of 2011
du is planning to inject nearly US$460mn into new mobile and fixed line network projects this year after paying back debt to banks, according to dus CEO Othman Sultan.
Modon revealed that the total cost of the establishment, expansion and development of industrial cities in Saudi Arabia over the past four years has amounted to about US$1.86 billion.
Dubai will launch a gas strategy next year aimed at reducing rising energy demand in the emirate and will tender to appoint a specialist consultant for the plan by year-end, the emirates top energy council said.
Drake & Scull International PJSC (DSI) reported higher profits and revenues for the second quarter 2011. Net income increased by 22 per cent to hit US$14.9mn compaired with US$12.25mn last year.
Ducab, manufacturer of power cables in the Middle East, saw sales of US$660mn for the first 6 months of 2011 ? a 50 per cent increase on last year and jump in volume growth by 13.5 per cent.
