(i) If Operator elects to provide the Aircraft, Operator shall apply the proceeds of any these kinds of sale towards payment of all amounts due or owing to OWNER beneath this Lease at the time of any these application, which include, with no limitation: (A) the Celebration of Default Amount of money (calculated as in Report fourteen(a)(iii)); and (B) curiosity from and such as the payment day laid out in the relevant observe to your date of payment at the very best relevant rate permitted by legislation although not more than one and just one-fifty percent p.c (one-112%) monthly or portion thereof. If the net proceeds from any these kinds of sale are insufficient to include the payment of all this sort of quantities, LESSEE shall continue to get liable to Proprietor to the deficiency.
The accomplishment underscores the bank’s continuing excellence and Management inside the Islamic banking sector on a world scale and reflect its broader motivation to meeting the growing calls for of modern banking shoppers, particularly within the electronic realm, all of that makes Dukhan Financial institution a desired selection for patrons trying to find Shariah-compliant fiscal services.
Dukhan Lender was also named ‘World’s Best Islamic Non-public Bank 2024’ for your 3rd 12 months, highlighting the bank’s unmatched private banking service that offers a comprehensive suite of financing, banking, and financial investment services and products personalized for prime-Internet-worth individuals (HNWIs).
Financial investment has also been catalysed through the renewed push for diversification, with foreign expense progressively encouraged by regional governments. This has led the IMF to lift its economic advancement predictions to 3.nine % over another 12 months, according to its Regional Economic Outlook
g. In November 2010, Respondent one and 3 commenced the proceedings during the Civil Court docket of Dubai to Get better excessive Lease rental payments improperly charged by Cessna and compensated by Gulf Jet, and in addition to determine a reasonable reduction or elimination with the liability beneath the Leases in accordance With all the legislation of your Emirate of Dubai due to the affect of financial crisis which needs to be reflected in a proper accounting. It absolutely was asserted that Cessna had declined to seem in People proceedings (Remedy 1.14).
The UAE is backing AI at The federal government level, While using the minister for AI—a placement established in 2017—noting in February that 9 financial institutions and nine other economical institutions are applying blockchain methods.
The GCC has a lot to sit up for above the subsequent number of years, with high-profile occasions bringing prosperity and new desire for the location. The IMF named the FIFA Environment Cup and Kuwait’s implementation of five-calendar year expansion strategies as key stimuli over the subsequent twelve months.
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These awards rejoice the creativeness, complexity and General achievement of the offers, along with the people today and corporations to blame for their execution.
The Tech Trailblazers Awards awards organizations who're producing strides in cloud, blockchain, and economic technological know-how growth. Organizations has to be a lot less than seven several years previous to generally be regarded. Orbital was crowned given that the 2022 Tech Trailblazer winner, with LinkedIn because the runner-up.
Inside a stunning Screen of glamour and accomplishment, the eleventh version on the Gulf Company Awards unfolded as a celebration of excellence, bringing alongside one another field leaders, luminaries, and trailblazers below a person resplendent roof.
d. By explanation of your early termination of your Leases, the Claimant received a benefit by way of early payment of funds in respect in the Leases, in contrast into the prolonged program for payment in excess of the full phrase from the Leases, and such payment must be deducted from any amounts allegedly because of the Claimant (Respond to of Respondents one and 3, paragraph 4.5). Respondents 1 and 3 experienced also challenged the proper of the Claimant to say amounts over were established out inside the RFA. The amendment raising the amount of the assert from the Claimant was manufactured at an early phase in the arbitration just before the planning and completion with the Phrases of Reference as well as the Claimant experienced reserved the right in its RFA to take action, given the need to conduct extra research Together with the accounting information to organize the required evidence in assistance of your claims.
One of the globe’s top economical services facilities is in the UK. The UK Fintech Awards identify the accomplishments and successes of the greatest of the greatest in the fintech space. An unbiased panel of judges is picked out click here every year to guage the awards.