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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Ducab 2022 revenues up 19%

The firm produced and supplied more than 10 billion meters of cable products in 2023 alone. (Ducab)
  • The cable business increased by more than 9 percent during the same period, the company said.
  • Ducab Group recently announced the opening of its new headquarters in the Indian city of Bengaluru.

Dubai, UAE – UAE cable giant Ducab Group Wednesday said it recorded a year-on-year increase of 19 percent in revenue in 2022. The Group posted total annual revenue of $1.8 billion (AED6.6 billion).

In a statement, Ducab said the metal business alone grew by more than 23 percent, followed by the cable business with more than 9 percent.

Ducab said that despite lingering challenges from the pandemic years, as well as new threats in certain international markets and the global economy, the Group will be reporting more than 8 percent growth in earnings before interest, taxes, depreciation, and amortization (EBITDA).

Furthermore, Ducab Metals Business (DMB), one of Ducab Group’s main business units, is set to triple its profits compared to 2021, driven by increased turnaround from its Al business. DMB produces copper and aluminum rods and conductors, which are used to manufacture electric wires, cables, high-voltage lines, and overhead conductors.

“Ducab Group’s financial results reflect our growing business and continuously expanding network of markets and influential partners around the world,” asserted Khalid Lootah, Chairman of Ducab Group. “We remain committed to expanding our footprint to new key markets around the world. Our products – all proudly made in the UAE – are now exported to 55 countries,” he added.

Ducab Group recently announced the opening of its new headquarters in the Indian city of Bengaluru.