The Definitive Guide to Arabian Finance Awards
The Definitive Guide to Arabian Finance Awards
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Bahrain and Dubai are positioning them selves as Islamic finance hubs, and making use of generative AI would appear a all-natural progression that might have global implications for the two tech-centered economies.
c. The Claimant waived the arbitration clauses by failing to seem while in the Dubai Court docket Proceeding and by failing to invoke the best to arbitrate pursuant to These clauses (Respond to 2.2);
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See the fintech clients we have aided attain their ambitions. Fintech corporations are evolving the fiscal landscape as we know it. With lots of finance and payments innovation emerging day by day to bridge the gap involving legacy and digital choices, it can be tough for corporations to stick out.
“For over twenty five several years, Gulf Company has stood witness for the awesome transformation of your Gulf region, specially the UAE. We've got cheered every milestone since it morphed from a extensive desert expanse into a powerhouse of economic growth and innovation,” he mentioned.
Moreover, inside the payment area, GIB was also recognised via the awards as the sole lender in Bahrain equipped to offer bespoke and distinctive payments proposition, between a range of other differentiating things supporting successful and efficient payment companies for customers.
A corporation or business chief's impressive Concepts or products that can produce benefit and address essential complications, when also owning the likely to become scaled up and sustained in excess of the long term.
Meanwhile, FDI inflows to Bahrain grew 138 p.c in excess of the initial three quarters from the calendar year, the swiftest amount of all GCC nations. In May, the region declared it would prolong the expression of home visas for qualified investors and pros from two many years to ten to further bring in foreign fascination.
Consequently, issue for the affirmative defences elevated via the Respondents and discussed underneath, it really is beyond dispute that Gulf Jet was prima facie in breach of its payment obligations and committed an Celebration of Default as described underneath Each individual Lease as in the dates mentioned in subparagraphs 129 a. and b.
Every witness was questioned thoughts by counsel with the Claimant and also through the Tribunal. In light-weight of your absence of all Respondents for the deserves hearing, the Tribunal specially questioned the witnesses with regard to the deserves of varied defences elevated by the Respondents.
GIB’s acquire demonstrates the bank’s market leadership and capabilities across its transactional banking presenting. This includes recognition of GIB’s exclusive answers, website strong pan-GCC network and back-Workplace functions, and its general performance underscored by double-digit advancement in clientele and connected revenues in the course of the previous year.
Generative AI could aid the Gulf’s conventional financial institutions wrest the competitive advantage back from challenger and neobanks.
Get an in-depth look at The existing state of affairs in addition to what’s over the horizon for Fintech and the way forward for the economic expert services market.
The financial sector often constitutes a significant foundation for financial development, but nowhere is this additional obvious than over the Gulf economies