Bahrain and Dubai are positioning by themselves as Islamic finance hubs, and implementing generative AI would appear a natural development that could have international implications for the two tech-centered economies.
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b. Opposite for the assertion by Respondents 1 and 3 that the Dubai Court experienced unique jurisdiction, there basically was no proof and no authorized authority tabled by These Respondents or their counsel to substantiate the Dubai Civil Court experienced unique jurisdiction about the disputes and promises made In this particular arbitration which ousted the jurisdiction of this Tribunal. There was at the pretty least concurrent jurisdiction On this Tribunal to carry on and there was no lawful foundation offered to usurp or oust that jurisdiction. In light-weight of the significance of this issue, it is acceptable to explicitly established out Within this Final Award the specific evaluation and analysis of the provisions of your Code of Civil Method from the United Arab Emirates on this issue which were being reviewed in Procedural Purchase #two.
"The Intercontinental arbitration settlement is specified result from the Big apple Conference (and other Intercontinental conventions), and by countrywide guidelines, but decisions concerning the arbitration agreements through the courts of 1 condition will not be immediately binding on possibly courts in other states or even the arbitral tribunal. Specially, even a destructive jurisdictional determination or an anti-arbitration injunction, by courts in the arbitral seat, lacks the binding Intercontinental result to require the arbitral tribunal to deny its jurisdiction and cease its proceedings.
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Qatar’s visa-free entry programme, introduced in 2017 in an effort to boost tourism, has been expanded this 12 months to incorporate Indian and Ukrainian nationals in an indication of increased openness in the Qatari Government.
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Nevertheless, by way more info of Mr. Matar, they did show up at procedural meeting phone calls and participate in the arbitration, like their jurisdiction motion as noted higher than before refusing to participate further On this arbitration.
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Both of those of these witnesses gave oral testimony on the deserves Listening to which even more clarified and supported the quantities claimed for each Lease It is acceptable to established These calculations out intimately as claimed, such as the comprehensive calculations as footnoted from the Memorial. With regard to Cessna Lease 560-5679, Cessna statements at paragraph fifty five of its Memorial as follows:
International trade tensions as well as reimposition of US sanctions on Iran have also contributed to the demanding fiscal ecosystem. On the other hand, this has only spurred the GCC’s programme even more, with countries such as Qatar and Saudi Arabia accelerating enhancement jobs.