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The achievement underscores the bank’s continuing excellence and leadership within the Islamic banking sector on a world scale and mirror its broader dedication to Conference the growing needs of recent banking shoppers, particularly inside the digital realm, all of that makes Dukhan Bank a preferred option for patrons seeking Shariah-compliant money expert services.

Gulf Company Awards 2024 honoured those who have demonstrated Fantastic leadership, innovation, and good results in their respective fields throughout the GCC.

On the domestic entrance, it's universally acknowledged that the vital to economic sustainability and steadiness in the region is really a stringent diversification plan. As was concluded inside the IMF’s outcome document for 2016’s yearly meeting of Arab Ministers of Finance: “Larger economic diversification would unlock occupation-creating advancement, enhance resilience to oil price tag volatility and enhance potential customers for long run generations.

“GenAI can speedily make conventional banking companies far more effective and helpful,” states Schulman. “It may well threaten challenger financial institutions by eroding competitive benefit greater than it helps them; neobanks are actually known for innovation for more than a decade, although the digital gap has narrowed as well as their frontrunner position might slip a lot quicker with generative AI.”

Influence the whole world’s most senior leadership. Publish articles by our digital Publications with powerful CTA’s, driving traffic to their website, and transform readers into shoppers. Spot yourself as an field leader by securing a judging situation on the 2024 awards.

A corporation or business chief's impressive Strategies or products which can produce value and solve vital complications, when also possessing the potential being scaled up and sustained about the long term.

The announcement in the shortlisted entries and also the award winners will occur in the course of a glamorous awards ceremony. This grand function is a golden networking chance, bringing together the GCC's finance industry leaders below 1 roof.

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World trade tensions plus the reimposition of US sanctions on Iran have also contributed to some challenging fiscal natural environment. Nonetheless, this has only spurred the GCC’s programme further, with international locations including Qatar and Saudi Arabia accelerating development assignments.

8), when by rationale of other conditions of economic hardship it turned difficult to complete. This latter defence is likewise independently talked over underneath. 129. The payment obligations of Gulf Jet are obvious and unequivocal underneath the Leases. In accordance with paragraph 4 and Annex B of every Lease, Gulf Jet as Lessee agreed to generate Just about every of the demanded Frequent Month to month Rental Payments as described commencing thirty times once the Delivery Day to the jets and on or before the identical day of each and every succeeding month in the one hundred twenty month expression of every Lease (see Displays one and a pair of for the Request for Arbitration, paragraph 4 and Annex B). one hundred thirty. Additionally it is undisputed that Gulf Jet ceased earning payments under Just about every of The 2 Leases. Gulf Jet in its Respond to didn't dispute the fact of the cessation of payment, but basically asserted circumstances of economic hardship At the moment which gave increase to a distinct defence negating the consequence of non-payment as being a breach. The proof of Tara Abbott can be apparent and undisputed as follows: a. With respect to Cessna Lease 560-5701, Gulf Jet failed to make comprehensive and timely Frequent Regular Rental Payments following 27 August 2009 and designed no payments whatsoever right after 4 January 2010 as outlined in Show A to the Assertion of Tara Abbott;

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These awards are an opportunity To place your accomplishments in the Highlight, broadcasting your achievement to an viewers that extends significantly past your immediate community.

b. Underneath the guidelines of your Emirate of Dubai, wherever a lessee is deprived with the satisfaction and advantage of the lease as a result of no fault of its very own, a lessee is entitled to discontinue the lease. By purpose from the financial downturn in Dubai, it turned extremely hard for Respondent 1 to enjoy the good thing about the two plane and for that reason a Dubai courtroom could endorse here the "discontinuity" or termination of the leases, or lower their load to an inexpensive extent.