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Enoc to set up ‘futuristic’ service station for Expo 2020 Dubai

Dubai / WAM Emirates National Oil Company (ENOC), has been appointed Expo 2020 Dubai’s Official Integrated Energy Partner with plans to set up a ‘service station of the future’ at the next World Expo. In line with its commitment to support the socio-economic growth of Dubai and the UAE, ENOC Group believes that Expo 2020, which has a core theme ...

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EGA signs agreement on Guinea bauxite services

Abu Dhabi / WAM Emirates Global Aluminium (EGA) signed a 15-year agreement with LD Ports and Logistics on Sunday, a subsidiary of Louis Dreyfus Armateurs, for the trans-shipment of bauxite in the Republic of Guinea. Also, Louis Dreyfus Armateurs and Abu Dhabi Ports separately signed an agreement to form a joint venture company to work together to carry out the ...

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TPG, Carlyle lead over $1.9bn round in Baidu’s finance arm

Bloomberg Baidu Inc. has raised more than $1.9 billion for its newly spun-off financial services division from TPG, Carlyle Group and other investors, creating one of China’s best-funded fintech companies. Taikang Group and other backers also joined the funding round for the newly formed company, which will be called “Du Xiaoman Financial” and use artificial intelligence to provide short-term loans ...

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