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Dubai sets up dedicated stock market for SMEs – Nasdaq Dubai Growth Market

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Nasdaq Dubai has the mandate to oversee the running of the new stock exchange for SMEs.
Image Credit: Gulf News Archive

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Dubai: Dubai has launched a new stock market for small and mid-sized companies – the Nasdaq Dubai Growth Market. It will enable fast-growing companies to achieve a “cost-effective” listing and forms part of the Dubai Future District project. Nasdaq Dubai will have the mandate to operate the new entity, which was launched as per a directive from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. It will host companies from the UAE as well as those from outside looking to expand in the region.

Nasdaq Dubai intends to launch the Growth Market in early 2021. SMEs can list if they are valued below $250 million, and a minimum operating history of one year is required compared to three years for Nasdaq Dubai’ …

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Like Bill Gates and Steve Jobs: Competition in the Post-COVID-19 Era

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October
27, 2020

10 min read

This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.

Opinions expressed by Entrepreneur contributors are their own.

Everyone is gradually adjusting to the “new normal” and the post-COVID-19 era . Surely you have already read or heard what many say about their vision of how the world will change in the short, medium and long term after what the pandemic came to transform in the world in all areas (personal, family, work, economic, social, political, etc.). One of the positive aspects that the new coronavirus brought was how many people in the world (and perhaps it is happening to you), are raising their level of consciousness, connecting from a new, more holistic perspective, more “spiritual” to say the least shape. And I focus on positive aspects because, if entrepreneurs who own Small and Medium Enterprises ( SMEs ) must have any skill, it is always to see the positive side of things. The learning behind the problem challenge. Today I want to propose a totally different and perhaps even disruptive way of understanding your competition . In recent centuries, the vision of business competition has been closely linked to the scheme – …

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Delhi-based student lands research internship offer from over 10 world-famous universities

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Abhishek AgrahariMoreBy Sean Colin YoungNew Delhi [India], October 27 (ANI): Achieving world-class education in a world-renowned university is every scholar’s dream but is often marred by the cost of living and exorbitant tuition fees.At times, these dreams get dashed at the selection level of some top-notch universities as students are not passed-out from renowned institutions.An Indian student, however, has not only defied the norms but has gone on to receive offers to intern with more than 10 universities, which several scholars yearn to go to but seldom get a chance.Delhi-based Abhishek Agrahari, an engineering student, is on cloud nine after internship offers came his way from the UK’s University of Oxford and the USA’s Pennsylvania State University and the University of Illinois, among others.”It feels great that I have received offers from so many renowned universities. The hard work has finally paid off,” Agrahari told ANI.He previously worked with some stellar institutes like Defence Research and Development Organisation (DRDO) on gas turbine engine and IIT Bombay on fluid-structure interaction, and IIT Kanpur on fluid dynamics and has offers from the institute’s centres in Kharagpur, Indore and Madras.For Agrahari, the love for research stems from the fact …

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Tesla Ends Controversial Indemnification Agreement With Elon Musk | Sports Grind Entertainment

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Tesla Inc (NASDAQ: TSLA) has ended a controversial practice where it paid its CEO Elon Musk to provide Directors and officers (D&O) liability insurance, the electric vehicle maker revealed in a filing with the U.S. Securities and Exchange Commission.
What Happened: The automaker said it paid Musk $3 million for 90 days worth of coverage — up to a total of $100 million — but didn’t further extend the agreement.
“Following the lapse of the 90-day period, we did not extend the term of the indemnification agreement with our CEO and instead bound a customary directors’ and officers’ liability insurance policy with third-party carriers,” Tesla said in a statement.
The Palo Alto-based company didn’t reveal which carrier it has opted for to provide coverage, or the premium it was paying for the D&O policy.
Why It Matters: It is “highly unusual” for a company to replace a D&O policy with a guaranty from a company officer “for any period of time,” Kevin Hirzel, a managing member of the Detroit-based Hirzel Law firm, told CNBC, which earlier reported the news.



“Tesla’s board did the right thing in obtaining a traditional directors’ and officers’ liability insurance policy from a third-party …

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Jack Ma’s Ant Plans Early Book Close for Hong Kong IPO | Sports Grind Entertainment

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(Bloomberg) — Jack Ma’s Ant Group Co. is planning to stop taking investor orders for the Hong Kong leg of its initial public offering a day earlier than scheduled as the record stock sale has already been heavily subscribed, according to people familiar with the matter.
Demand has been so great the Hangzhou-based firm is set to close the institutional investor order book on Wednesday, said the people, requesting not to be identified because the matter is private. The company was initially planning to close the Hong Kong book at 5 p.m. Thursday for each region globally, according to terms of the deal obtained by Bloomberg News. The potential move would bring the closing in line with the Shanghai leg.
A representative for Ant declined to comment.
Ant is seeking to raise about $34.5 billion through IPOs in Shanghai and Hong Kong, a blockbuster listing that will be the biggest IPO ever and make it one of the most valuable finance firms on the planet. The operator of the Alipay platform will have a market value of about $315 billion based on filings Monday, bigger than JPMorgan Chase & Co. and more than the gross domestic product of Finland. The sale vaults Ma’ …

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How AI Helps Amazon Improve Sustainable Packaging

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Jeff Bezos, Amazon’s CEO, has an oft-repeated mantra that “it’s always day one” at his company. On that point, sustainable packaging at the e-commerce giant has been on his radar for some time.As far back as 2008, the question of how to improve packaging was on the Bezos’ mind. Trying to unwrap heavily packaged Christmas presents with his kids was one reason he understood the need to transform Amazon’s packaging, and get rid of what many have called “wrap rage.”

The result was what Amazon now calls “frustration free packaging.” This meant packaging that was easier to open, was fully recyclable and that avoiding hybrid materials. More recently Amazon has turned to artificial intelligence (AI) to help make a dent in the company’s packaging waste, an equally compelling problem for the company given its large environmental impact.

Over the last five years, AI applications have helped Amazon achieve a 33 percent reduction in packaging requirements. That’s a saving of 910,000 tons of cardboard, which equates to the elimination of 1.6 billion shipping boxes. This was achieved through a partnership between its packaging experience team and its Amazon Web Services business to create a machine learning system for packaging …

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Elon Musk Praises Tesla Team for ‘Insane’ CAPEX That is Now 5X More Efficient Than 3 Years Ago

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Elon Musk commends Tesla’s team for doing a great job based on the recent filing of the company’s quarterly report, particularly on its capital expenditures (CAPEX). Tesla’s CAPEX receive praises from fans and enthusiasts, portraying its plans for the future years, 2021 and 2022, along with the investments it has for this year.

(Photo : TechTimes; Twitter via Mayur मयूर Thaker ठाकर @freshjiva)



One of the world’s most preferred electric vehicle manufacturers and clean energy companies, Tesla, recently filed its quarterly report in late September and reflecting on its website yesterday, October 26. The Security and Exchanges Commission (SEC) report of the United States shows the company’s CAPEX for the future years.
According to Accounting Coach, Capital Expenditures, or CAPEX, are the money spent by organizations or companies for future uses, allotment, or significant long term investments. CAPEX is somewhat investments or budgeting for its operations such as Research and Development (R & D), Financial Leases, Factories, etc.
Maintaining CAPEXs are usually hard for corporations and usually results in significant losses when mishandled or improperly reviewed by the company. Elon Musk’s Tesla and its team received praises from fans who reviewed the company’s recent SEC filing, which reflected the 2021 and 2022 expenditures that focus mostly on new projects …

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COMMENTARY: It’s time to fight back

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In this Oct. 17, 2019, file photo, Facebook CEO Mark Zuckerberg speaks at Georgetown University in Washington. Ever since Russian agents and other opportunists abused its platform in an attempt to manipulate the 2016 U.S. presidential election, Facebook has insisted, repeatedly, that it’s learned its lesson and is no longer a conduit for misinformation, voter suppression and election disruption.

AP Photo/Nick Wass, File

CHAD BANGHART
Silicon Valley is on the offensive. Leading up to Election Day, social media companies are weaponizing their platforms to undermine President Donald Trump and boost Joe Biden’s lackluster presidential campaign.Recently, Twitter blocked a New York Post story that dug into Biden’s dealings with a Ukrainian energy firm on behalf of his son, Hunter.According to recently revealed emails, Biden allegedly met with the Ukrainian company — Burisma Holdings — months after Hunter joined Burisma’s board, reportedly earning a salary of up to $50,000 a month. The assumption, of course, is that then-Vice President Biden leveraged his power and connections to land his son a cushy monthly retainer without the proper qualifications.Apparently, Twitter’s leadership does not want American voters to dig into the matter themselves.The social media company, which …

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As Tech CEOs Face Senate Commerce Committee Hearing, New Survey From the Internet Society Shows Americans Don’t Trust Politicians to Regulate the Internet

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A new online survey of US Internet users conducted by YouGov on behalf of the Internet Society, shows the majority of the American public (69%) does n

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WFH can bring down social disparities: Michael Dell

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Michael Dell, founder, Chairman and CEO of Dell Technologies, has said that work-from-home (WFH) can result in a distributed workforce globally and address social disparities.Speaking at the Dell Technologies World event, Dell said that with WFH, there is a chance to build a highly distributed workforce. “People have asked for years, what happens if everyone works from home. Well, now we are finding out. The more we can virtualise travel, interaction, collaboration, communication, the more we become sustainable and productive,” he said. Also read: PC shipments up 13% in Q3; breaks 10-year record: ReportLooking at the challenges that exist in society and in the world today, we didn’t invent the goals for the specific challenges of 2020, and we are redoubling our efforts around sustainability, around inclusion, diversity and equity, transforming lives, he added.Many companies across the world are in the process of getting a huge chunk of their workforce to work from remote locations in the aftermath of the Covid-19 pandemic. This has pushed up demand for technology — from PCs to cloud software to support WFH. Also read: Dell focussing on ‘future-ready commercial PCs’Demand dynamicsDell said that there is a rise in demand for this and organisations …

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