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 ...

Bloomberg Marathon Petroleum Corp, the largest US independent oil refiner, said it won’t restart two refineries in California and New Mexico amid concerns that demand for fuels is unlikely to return to pre-pandemic levels this year. Marathon said in a statement it will convert its 166,000 barrel-a-day Martinez, California, refinery near San Francisco into a terminal facility and may add ...