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Gulf Business enterprise Awards 2024 honoured all those who have shown Outstanding leadership, innovation, and good results inside their respective fields throughout the GCC.
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“These awards are constructive recognition of our mobile banking application as remaining the ideal in the center East and continual advancement from the mobile banking application will continue to be a key target Sooner or later.
With regards towards the Intercontinental sphere, all GCC nations around the world happen to be opening up their economies to foreign immediate financial commitment (FDI) over the past year as component in their respective diversification procedures. When it comes to quantity, the UAE would be the area’s major place for FDI, drawing in all over $9bn in 2018. The region has also introduced important changes to its residency programme, giving overseas buyers a 10-calendar year residency visa While using the aim of boosting FDI by 15 percent around another year.
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c. The date of thirty May possibly 2013 within the Procedural Timetable for the delivery on the get was expressly stated to be "Tentative" only and was neither a hard and fast date, nor a day to which jurisdictional value and consequence was attached;
But if the price foundation for GCC banking companies is similar to their international counterparts’—staff members compensation at global banking companies helps make up half the associated fee-foundation on ordinary, Moody’s Buyers Support estimates—They might would like to accelerate GenAI integration.
157. Gulf Jet experienced in correspondence elevated the allegation of overcharging by Cessna in respect of month to month payments. Even though Gulf Jet asserted Individuals claims in the Dubai Courtroom Proceedings, the correct level of the every month payments is immediately in difficulty in this arbitration and The difficulty of alleged overcharging is subsumed inside the perseverance from the quantities adequately owing from Gulf Jet so that you can calculate the amount of a deficiency, if any, immediately after making use of the proceeds of sale. 158. The Claimant has relied upon Posting fourteen (b) (i) of each and every Lease as The idea with the determination of the quantity it statements it is entitled to recover from Gulf Jet, and the opposite Respondents, under the phrases of the Leases the place the aircraft have been repossessed after which you can sold by Cessna.
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Go away was also granted with the consent of Respondent 2 for selected from the Claimant's witnesses, together with skilled Kenneth Dufour, to look at the deserves Listening to by way of movie conference to the reasons of cross-assessment
As noted in Procedural Get #2, Respondents one and three sought to reserve the proper to adduce proof which the arbitration clauses within the Leases and Assures ended up invalid check here and unenforceable on A few other unspecified grounds regarding the ability or lack thereof from the signatory on behalf of Gulf Jet, really independent with the existence from the Dubai Court Proceedings. For that motive, The difficulty of invalidity and unenforceability on the arbitration clauses was adjourned to your merits Listening to to enable the Respondents 1 and 3 to adduce any extra proof in assistance of these kinds of argument.
In his Memorial at website page 8, Reduction Sought, the Respondent Al Mulla requested which the claim in opposition to him be dismissed, a declaration be designed in his favour having an award of acceptable legal professional's expenses and charges affiliated with these arbitration proceedings.