It’s now owning substantial implications for everyone, from banking companies to logistics to ecommerce, and the speed of modify is likely to speed up more as new financial technologies including blockchain and AI grow to be more widespread.
c. The Claimant waived the arbitration clauses by failing to appear inside the Dubai Court Proceeding and by failing to invoke the correct to arbitrate pursuant to People clauses (Remedy 2.two);
Gulf Business Awards 2024 honoured individuals who have demonstrated exceptional Management, innovation, and accomplishment within their respective fields through the GCC.
All GCC international locations happen to be opening up their economies to overseas immediate financial commitment over the past calendar year as component in their respective diversification approaches
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Award recipients are celebrated for efficiently Conference their customers’ wants for Shariah-compliant goods and developing a sound foundation for potential expansion and protection.
Qatar’s visa-absolutely free entry programme, introduced in 2017 in order to Increase tourism, has long been expanded this year to incorporate Indian and Ukrainian nationals in a sign of improved openness within the Qatari Govt.
In February 2018, Bahrain introduced a wage protection plan that seeks to finish the exploitation of workers by guaranteeing They can be compensated punctually. It absolutely was released in May and may be rolled out inside a controlled release programme right up until May possibly 2019.
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157. Gulf Jet had in correspondence lifted the allegation of overcharging by Cessna in respect of month to month payments. Even though Gulf Jet asserted Individuals claims from the Dubai Court Proceedings, the appropriate degree of the regular payments is immediately in situation In this particular arbitration and The difficulty of alleged overcharging is subsumed while in the perseverance on the quantities properly thanks from Gulf Jet in an effort to estimate click here the amount of a deficiency, if any, soon after applying the proceeds of sale. 158. The Claimant has relied upon Short article 14 (b) (i) of each Lease as The idea with the determination of the amount it claims it can be entitled to Recuperate from Gulf Jet, and the opposite Respondents, beneath the phrases of the Leases in which the aircraft are actually repossessed and then sold by Cessna.
“It is a wonderful enjoyment to welcome you towards the twelfth edition of your Gulf Small business Awards. To our nominees and winners, your effect is remarkable.
In the quest for development, one of the most profitable players are, as at any time, people who harmony velocity and sustainability by implementing structural reforms along with financial commitment. The planet Finance GCC Expense & Progress awards recognise people who are getting action now to safeguard the future economic system.
Exceptional providers working with blockchain systems, copyright, and banking applications are regarded on a yearly basis at the ceremony.
famous that expansion is getting supported by a fundamentally powerful economic sector, and also an enhancement inside the non-oil non-public sector. Of course, the economic sector often constitutes a crucial Basis for financial development, but nowhere Is that this much more obvious than throughout the Gulf economies, exactly where a large exertion in diversification is crucial to securing future prosperity.