Bahrain and Dubai are positioning themselves as Islamic finance hubs, and applying generative AI would appear a all-natural development that might have global implications for the two tech-centered economies.
This vulnerability to price shocks arrived to some head through 2016, when a sharp dip in commodity prices led to a subdued yr for all 6 economies in the GCC. Saudi Arabia was strike particularly difficult, with expansion for the calendar year slipping to 1.
Testimonials I'm amazingly honoured and humbled to receive this award and become recognised for my operate.
About the domestic front, it can be universally acknowledged the critical to financial sustainability and security in the area is a stringent diversification strategy. As was concluded in the IMF’s end result doc for 2016’s once-a-year Assembly of Arab Ministers of Finance: “Greater economic diversification would unlock occupation-producing progress, boost resilience to oil price volatility and enhance potential clients for long run generations.
Lots of GCC countries have also embarked on a programme of bureaucratic reform to enrich infrastructure improvement and allow the private sector to prosper.
1 advantage: Slipping prices of coaching could also transfer Islamic finance toward a broader adoption of GenAI. And whilst the interpretative properties of sharia legislation make adapting AI to Islamic finance a complex task, AI-driven programs and processes that supply views on monetary goods’ and transactions’ validity and adherence to Islamic finance regulation could further the GCC’s ambitions as being a go-to hub.
A firm or company chief's revolutionary Suggestions or items that can develop benefit and clear up critical issues, whilst also getting the opportunity for being scaled up and sustained more than the long run.
four percent, down from 4.one percent the preceding 12 months. Across the complete region, the fall in commodity price ranges don't just acted to stifle government revenues, but additionally experienced indirect consequences on economic circumstances over the area because of fiscal retrenchment and lessen liquidity concentrations during the banking sector.
The Arabian Finance Awards function a distinguished stage for illuminating the triumphs of your monetary journey. Awards like these validate the tireless commitment, resourcefulness, and innovation you've poured into your professional ventures.
157. Gulf Jet experienced in correspondence elevated the allegation of overcharging by Cessna in regard of month-to-month payments. Even though Gulf Jet asserted All those promises from the Dubai Court Proceedings, the proper amount of the month-to-month payments is specifically in situation With this arbitration and The difficulty of alleged overcharging is subsumed while in the determination of the amounts properly due from Gulf Jet so that you can calculate the level of a deficiency, if any, right after implementing the proceeds of sale. 158. The Claimant has relied on Write-up fourteen (b) (i) of each and every Lease as the basis for your determination of the amount it claims it truly is entitled to Get well from Gulf Jet, and one other Respondents, underneath the terms on the Leases wherever the plane are already repossessed and afterwards bought by Cessna.
Other than the awards ceremony, there will even be a GCC Expo, which can offer a platform for organisations to showcase their services and products. With this type of large array of pursuits and alternatives, the celebration claims to be a 1-of-a-kind expertise that may be to get seen.
This Web-site merchants cookies with your computer. These cookies are used to boost your working experience and supply far more personalized service to you personally. The two on your website and other media. To find out more about the cookies and knowledge we use, make sure you have a look at our Privateness Plan. Alright
Many drafts of your Leases and Ensures had been organized and reviewed and counsel for Gulf Jet produced numerous changes for the draft agreements as tabled for negotiation. The Taking care of Director of Gulf Jet, Captain Sakeer Sheik, was also involved with the negotiation and designed feedback within the Leases. (See Witness Assertion of Gil Guthrie at paragraphs seven to 14 and oral proof of Mr. Guthrie within the Merits Hearing, Transcript, September 17, 2013, at internet pages 49-52). The assorted drafts ended up developed in evidence because of the Claimant. Following the arms-size negotiation, the Leases ended up signed in June 2007 as well as Assures were being signed in August 2007, the latter currently being signed before a notary. There isn't a question the Leases and Assures are supported via the exchange of thing to consider involving the parties which is a important authorized necessity for a valid and enforceable deal underneath Kansas regulation, as was thoroughly submitted from the Claimant in its Memorial at paragraphs 38 - forty five. As is admitted, Gulf Jet attained possession and real usage of the two Cessna jets for quite a few many years until eventually repossession in June 2010. The weight from the evidence Evidently supports the validity and enforceability of those Leases and Assures, which is likely the reason why Respondent 2 has admitted as here much. The Claimant in its Memorial at web pages 19 - 23 also reviewed the important components for a valid and enforceable agreement less than Kansas regulation. The Leases incorporate the requisite certainties as to the events, the claims or obligations of every on essential conditions, the Trade of thing to consider as in between the parties and proof of provide and acceptance. The entire necessary factors underneath Kansas law for an enforceable agreement are set up with the proof of the negotiation and execution of Leases themselves through the proof adduced via the Claimant. 125. As well as the alleged deficiency of authority around the part of Al Mulla to signal tor Gulf Jet, which argument continues to be turned down, Respondents one and 3 also dispute the validity and enforceability by alleging the following: a. The Leases were contracts of adhesion as there was no prospect or capability to barter the conditions (Gulf Jet Remedy at paragraph 4.four);
I would want to thank Encourage Media Group for staying part of my journey over the years. It has been excellent to view the organization’s evolution and impact on the sector of media and publishing during the nation.