Gulf Finance Awards No Further a Mystery
Gulf Finance Awards No Further a Mystery
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Bahrain and Dubai are positioning on their own as Islamic finance hubs, and applying generative AI would appear a organic progression that might have international implications for The 2 tech-centered economies.
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Generative AI’s probable to rescript the business enterprise of banking indicates Just about limitless applications. Nevertheless, acquiring poured thousands and thousands if not billions into electronic banking, GCC banking institutions may well be reluctant around An additional spherical of technologies expenditure expenditure. And You can find also the problem whether or not they are nimble ample.
In February 2018, Bahrain introduced a wage security scheme that seeks to end the exploitation of personnel by making certain They can be compensated on time. It was introduced in Might and may be rolled out inside a controlled release programme until May perhaps 2019.
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Chaouki Daher, GM-head of Private Banking at Dukhan Bank, mentioned: “We are proud to obtain this prestigious award Again. These successive honours communicate volumes about our crew's unwavering pursuit of excellence and also the deep self esteem our purchasers have in us.
This argument fails for a variety of reasons. Cessna hasn't been served; Cessna has not yet been summoned; and, There have been no "first Listening to" nonetheless. Cessna has taken no action which could represent a waiver. No authority was adduced by Respondents 1 and 3 to assist their bald assertion that mere expertise in the Dubai Courtroom Proceeding without right service along with a failure to voluntarily post constitutes a waiver of the best to arbitrate. This Tribunal disagrees fully with that submission. Correct support can be a basic prerequisite of any judicial procedure, a person and that is also acknowledged from the Dubai Courtroom alone which has consistently adjourned that continuing to permit right company on Cessna as a result of diplomatic channels. There was no get to validate any other sort of services. Thus, this Tribunal now establishes that Cessna has at no time waived its correct to arbitrate.
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Different and lessening Stipulated Reduction Values set for each of your one hundred twenty monthly payments are acknowledged and agreed at the time in the execution from the Lease.
Inside a dazzling Show of glamour and accomplishment, the 11th version of the Gulf Business enterprise more info Awards unfolded as a celebration of excellence, bringing jointly industry leaders, luminaries, and trailblazers below one particular resplendent roof.
In his supporting unsigned assertion at paragraphs nine, ten and 11, Al Mulla did assert two factual matters to aid the alleged breach of a number of in the authorized obligations by Cessna in regard on the sale method. First, the actual sale selling prices were very well beneath the Stipulated Reduction Values as set out during the annex to every Lease and Al Mulla felt "I should not be chargeable for this kind of deficiency".
World wide trade tensions and also the reimposition of US sanctions on Iran have also contributed to your challenging fiscal natural environment. Having said that, this has only spurred the GCC’s programme even more, with countries which include Qatar and Saudi Arabia accelerating growth tasks.