Awards for Excellence recognise and honour Remarkable achievements and remarkable general performance by folks or organisations. They assist obtain recognition, turn into additional obvious, and set up themselves as market leaders of their area.
This vulnerability to price shocks arrived to some head all through 2016, when a sharp dip in commodity price ranges triggered a subdued calendar year for all 6 economies of your GCC. Saudi Arabia was strike notably hard, with progress for your 12 months falling to 1.
b. Gulf Jet was the "minimal person" in the one-sided transaction and was unable to barter the phrases with the Leases (Gulf Jet Remedy at paragraph 1.4);
“The shortage of a cohesive and broadly acknowledged cross-border Islamic finance framework contributes to complexity and inefficiencies which make multinational economical institutions’ compliance [obligations] Primarily hard,” he states.
“These awards are optimistic recognition of our cellular banking application as being the top in the center East and continual advancement of the cell banking software will remain a crucial target Sooner or later.
As a result of diversification, technological innovation, plus a dedication to sustainability, the GCC hasn't merely weathered the storm but has emerged for a dynamic drive in the global economic landscape.
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b. The arbitration clauses inside the Leases along with more info the Guarantees were void and unenforceable as they weren't sufficiently apparent or conspicuous.
From the GCC, a digitally savvy populace’s strong focus on user experience has assisted neobanks disrupt the status quo for his or her common rivals.
Nonetheless, this Tribunal present in Procedural Buy #two the existence of People Dubai Courtroom Proceedings did not justify a stay of the arbitration. Procedural Get #two and The whole lot of the reasoning therein is hereby integrated into this Ultimate Award. As is even further reviewed afterwards On this Last Award, this tribunal confirms that the existence of the Dubai Court Continuing won't deprive this arbitral tribunal of its jurisdiction and obligation to hear the merits of this arbitration.
In fact, even though an progressively convincing worldwide recovery seems being materialising, there are actually countless uncertainties in advance, which include a lot of trade disputes and political insecurities. What’s far more, the result in the Paris Agreement may also be an important Consider analyzing the future of finance for anyone from the Gulf area.
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Crucially, a sustainable source of work and progress should be created, which would require continued guidance and monetary backing from investors. It can even need a big policy energy from governments, as being the strengthening of institutional frameworks is often a necessity so that you can unlock the likely non-public sector.
Yodlee, held the sixth yearly Benzinga Global Fintech Awards Tuesday — per day of dealmaking, networking and recognition in the economical technological innovation Area.