Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that changes in its bank guarantee management process, as it becomes completely paperless. A press release issued by the authority on Sunday said that Dewa is the first government organisation in the UAE to achieve this step. Being paperless reduces the time needed to complete transactions by 80 percent, ...

Dubai / Emirates Business The Panamanian Minister of Private Investment HE Jose Alejandro Rojas has called on UAE companies to leverage Panama as a global gateway to expand their footprint in Latin America and tap into new growth opportunities in the region. His comments came during a webinar organised by Dubai Chamber of Commerce and Industry’s representative office in Panama, ...

Bloomberg Vitol Group paid a record $2.2 billion to its executives and staff through share buybacks last year, an unusually large payout that comes as the oil trader undergoes a generational transition in leadership. The buyback — Vitol’s main way of rewarding about 350 top employees who own the privately-held company — means the trading house has distributed a total ...