Bahrain and Dubai are positioning by themselves as Islamic finance hubs, and applying generative AI would appear a purely natural development that could have worldwide implications for the two tech-centered economies.
The accomplishment underscores the lender’s continuing excellence and leadership within the Islamic banking sector on a world scale and replicate its broader motivation to Conference the raising needs of contemporary banking shoppers, particularly from the digital realm, all of that makes Dukhan Bank a preferred alternative for patrons trying to get Shariah-compliant economic products and services.
c. Guaranty dated 2 August 2007 signed by Al Meeza in respect of Cessna Lease 560-5679 whereby Al Meeza undertook to "unconditionally and irrevocably assurance[]the well timed and unconditional payment to Cessna [] (or to its get) of all quantities owed by Lessee beneath Lease, and further unconditionally assures the general performance of all of Lessee's other obligations underneath the Lease when due and in rigid compliance with each of the conditions and terms thereof. (Exhibit three to the Ask for for Arbitration, Assure at paragraph A)
The winners on the Fintech Product Awards are considered to be companies that drive shopper and firm technological advancements while in the money market.
“For much more than twenty five yrs, Gulf Enterprise has stood witness on the astounding transformation with the Gulf region, specially the UAE. We now have cheered every milestone since it morphed from a huge desert expanse into a powerhouse of economic development and innovation,” he stated.
Considering that its inception in 1981, the Gulf Cooperation Council (GCC) has pushed an formidable programme of infrastructure progress and economic reform, Along with the aim of cutting down the region’s dependence on oil.
The Global FinTech Awards 2024 are actually announced - congratulations to all people who produced it and thanks to all people that entered.
That Management could show temporary, having said that, and may be just as possible to benefit standard banks.
However, if the fee base for GCC banking institutions is analogous to their Intercontinental counterparts’—personnel compensation at global banking institutions will make up 50 percent the expense-foundation on ordinary, Moody’s Traders Support estimates—They might desire to accelerate GenAI integration.
In 2015, Adyen was the overall winner, obtaining the award for a long-lasting breakthrough in The present payment market.
8), when by reason of other circumstances of financial hardship it grew to become difficult to carry out. This latter defence is also independently reviewed below. 129. The payment obligations of Gulf Jet are crystal clear and unequivocal underneath the Leases. In accordance with paragraph four and Annex B of every Lease, Gulf Jet as Lessee agreed to make Every on the essential Regular Every month Rental Payments as defined commencing thirty times once the Supply Day with the jets and on or before the similar day of each and every succeeding thirty day period in the course of the a hundred and twenty month expression of every Lease (see Exhibits 1 and a pair of to the Ask for for website Arbitration, paragraph four and Annex B). 130. It is also undisputed that Gulf Jet ceased generating payments underneath Each individual of the two Leases. Gulf Jet in its Respond to didn't dispute The very fact of this cessation of payment, but basically asserted instances of financial hardship at that time which gave rise to a distinct defence negating the consequence of non-payment being a breach. The proof of Tara Abbott is additionally distinct and undisputed as follows: a. With respect to Cessna Lease 560-5701, Gulf Jet failed to make complete and well timed Normal Month-to-month Rental Payments after 27 August 2009 and produced no payments in anyway immediately after four January 2010 as outlined in Show A on the Assertion of Tara Abbott;
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It is this clause (B) which by itself governs the entitlement to and calculation of interest on amounts owing to Cessna. No other contractual phrase has been identified or relied upon. This substantive ideal to fascination is consequently founded in the phrases on the agreement as agreed via the parties, which as observed before is to be interpreted in accordance Along with the laws of Kansas by rationale in the express preference of legislation, together with any applicable rules regarding the entitlement to interest.
In his Memorial at site eight, Reduction Sought, the Respondent Al Mulla asked for that the declare in opposition to him be dismissed, a declaration be produced in his favour having an award of acceptable attorney's fees and costs connected with these arbitration proceedings.