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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Ducab bags 30 major contracts

The firm produced and supplied more than 10 billion meters of cable products in 2023 alone. (Ducab)
  • The company said it had produced and supplied more than 10 billion meters of cable products in 2023 alone.
  • The company will be showcasing its advanced range of PetroBICC cables at ADIPEC.

Dubai, UAE – UAE’s Ducab Group Monday announced that it had produced and supplied more than 10 billion meters of cable products in 2023 alone, in addition to securing 30 major contracts within the oil, gas and petrochemical sector.

The Group made the announcement on the side lines of the 2023 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), held from 2 to 5 October 2023 at the Abu Dhabi National Exhibition Centre (ADNEC), where it will be showcasing its advanced range of PetroBICC cables and ‘Made in the UAE’ product range, in addition to highlighting how it is transforming the region’s OGP sector.

The Group is currently working on several major contracts in the UAE, including supplying over 5,000 kms of EHV, HV, MV and LV cables and AAAC overhead conductors for ADNOC-related projects, in addition to providing solutions for the Clean Fuel and Waste-Heat Recovery project delivered through SAMSUNG-CBI, among many others.

Ducab said it will be showcasing its range of PetroBICC cables, which are designed to meet the most stringent quality standards, including hydrocarbon resistance and high toxicity levels. Ducab offers both polyamide and lead-sheathed cable construction within its PetroBICC range, designed for on-shore applications, and a full range of rubber cables for offshore applications.