Business News from Wednesday, October 30th, 2024

The Ministry of Energy and Infrastructure (MoEI) has announced a significant reduction in bureaucracy by eliminating over 745,000 government procedures across 21 services, resulting in a 75% decrease in service delivery time.

ADNOC Drilling Company recorded $1.026 billion (AED 3.77 billion) in revenue in Q3, marking a 32 per cent year-on-year. 

His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, participated in a networking event with the UAE-Singapore Business Council during his official visit to Singapore.

The European Union has decided to increase tariffs on Chinese-built electric vehicles to as much as 45.3 per cent at the end of its highest profile trade investigation that has divided Europe and prompted retaliation from Beijing.