The Fintech Awards Diaries
The Fintech Awards Diaries
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Bahrain and Dubai are positioning by themselves as Islamic finance hubs, and implementing generative AI would seem a natural progression that could have worldwide implications for The 2 tech-centered economies.
four. The Claimant accepted and retained the subject aircraft in whole satisfaction on the Leases and also the monetary obligations claimed for being owing and owing;
b. Contrary to your assertion by Respondents 1 and three that the Dubai Court had unique jurisdiction, there simply just was no proof and no legal authority tabled by Those people Respondents or their counsel to verify the Dubai Civil Court docket had exceptional jurisdiction about the disputes and promises made In this particular arbitration which ousted the jurisdiction of the Tribunal. There was for the pretty minimum concurrent jurisdiction in this Tribunal to carry on and there was no legal basis offered to usurp or oust that jurisdiction. In mild of the significance of this difficulty, it is suitable to explicitly set out In this particular Last Award the in depth assessment and Examination with the provisions with the Code of Civil Method in the United Arab Emirates on this problem which were reviewed in Procedural Order #2.
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The significance of this diversification project has grown to be very clear over the past twelve months, as fluctuations in crude oil prices have disclosed weaknesses during the region’s economies.
In accordance with the business, AIX Financial commitment Team is becoming a trustworthy name inside the economical advisory sector, providing shoppers an array of expert services, which include investment decision techniques, portfolio management, and wealth advisory.
Born and raised in Dubai, Kanoo has earned a status as The most legendary and influential enterprise leaders in the Middle East. The Kanoo Group is among the premier and most revered household-owned conglomerates while in the Gulf area.
In February 2018, Bahrain released a wage security plan that seeks to finish the exploitation of staff members by making sure These are compensated by the due date. It was released in May well and may be rolled out in a very managed release programme until finally May perhaps 2019.
A preliminary problem is definitely the identification in the applicable law for that resolve of those issues. In addressing these troubles as for the validity or enforceability of the arbitration agreements as established out during the Leases and the Guarantees, the Claimant submitted in its Memorial that these issues have been to get decided beneath the laws of your point out of Kansas, supplied the Convey option of that law as established out in paragraph 24 of each Lease and paragraph G of every Guaranty. The express choice of law as well as obligation to arbitrate ended up set out in the exact same clause in the two agreements. The Claimant in its Memorial cited quite a few authorities underneath Kansas legislation to confirm the legitimate existence on the agreements and also the arbitration clauses. Respondents one and three created no submissions as on the applicable regulation to find out the existence or validity in the arbitration agreements, other than to make a bald assertion which the legislation in the UAE utilize, a submission that has been turned down. Respondent 2 produced no submissions as to the governing legislation problem, simply because Respondent two recognized that the Leases were adequately signed by him check here and were binding.
Nvidia is helping FIs lower false positives in credit card fraud detection by way of an answer combining graph neural networks with standard algorithms…
GIFL group is amazingly very well networked inside the local, regional and international banking companies and non-banking lending establishments enabling them to offer swift and customised bespoke solutions to our clientele.
Just in excess of three hundred business leaders and top executives gathered to celebrate the Gulf Business enterprise Awards, where distinguished people today, marketplace titans and firms ended up recognised for his or her modern achievements, considerable advancement, and favourable affect on both community and international marketplaces.
Thus, by its possess settlement, Gulf Jet is precluded from increasing and relying on a pressure majeure event.
The economic sector often constitutes a very important Basis for economic progress, but nowhere is this more obvious than through the Gulf economies