Dubai Demands Joint Stock Firms List on Local Exchanges
Public joint stock companies established in Dubai, including those set up in special economic zones or free zones like the Dubai International Financial Centre, must list their stocks on local exchanges, the city’s media officesaid, citing a royal decree.
Private companies can go public in local markets, like the Dubai Financial Market PJSC and Nasdaq Dubai, after ensuring compliance with listing requirements and regulations, the office said on Saturday, citing a decision by the emirate’s ruler, Sheikh Mohammed Bin Rashid. Companies listed in local markets may have secondary listings in other markets.
According to the decree, foreign companies should list their stocks in local markets when their annual profit or revenue generated from activities in Dubai make up at least 50% of the total, or when their total assets owned in Dubai amount to 50% or more of their entire assets. The listing should be completed within one year of the date of reaching this percentage.
Saudi Arabia to Start Tracking Tourism’s Contribution to Economy
Saudi Arabia’s statistics authority will begin tracking tourism’s contribution to its economic output, according to astatement on Saturday.
The Tourism Establishment Survey will provide data on the industry, including the size of the workforce, pay and revenue and expenditure. This will help calculate tourism’s share of gross domestic product and establish growth rates for activities within the sector, the General Authority for Statistics said.
OnThursday, Saudi Arabia’s sovereign fund announced it had formed a company, called Cruise Saudi, to develop a local cruise industry as Crown Prince Mohammed Bin Salman tries to turn the kingdom into a global tourism destination.
The 35-year-old heir to the throne introduced measures to boost tourism in Saudi Arabia, including allowing visitingunmarried couples to stay together in hotel rooms, removing the ban on female drivers and dropping a strict dress code for foreign women.
PRESENTING: 64 edtech startups looking to disrupt Harvard as part of a $9 billion market
When the pandemic forced students of all ages into the remote learning model, the value of an in-person college experience came into question. Education tech startups saw a surge in funding up to $9 billion in 2020 from investors looking to enhance virtual learning in the US and abroad.
These companies have figured out how to digitize every part of college life, from networking with alumni to job placement services to even social activities. CB Insights referred to the phenomenon as the “Unbundling of Harvard.”
Here are the 64 apps, services, and platforms that are changing the traditional university model.
Subscribe here to read our feature: Here’s how 64 top edtech startups are looking to disrupt Harvard as part of a $9 billion market.
PRESENTING: 17 consulting firms where you can earn more than $200,000 right out of business school
- Business school graduates can earn well over six figures at a leading consulting firm.
- Using data from Management Consulted’s 2021 salary report, we compiled a ranked list of the 17 highest-paying firms for MBAs.
- Accenture, Ernst & Young (EY), and McKinsey are among the top firms offering hefty salaries.
- Visit Insider’s homepage for more stories.
Consultants are still earning hefty salaries despite the losses the industry has suffered during the pandemic.
The market for consultants shrunk from $160 billion to $132 billion in 2020 due to decreased client demand, according to research platform Statista. Giant advisory firms including Deloitte, KPMG, and Accenture have laid off thousands of workers, and some consultancies like Ernst & Young previously deferred promotions and performance bonuses for employees.
But those who received job offers from top firms still make six-figure salaries. MBA candidates can expect to make $165,000 at McKinsey, for example, and that doesn’t include potential bonuses. Smaller firms like Booz Allen Hamilton offer $130,000 as base pay, and business school graduates at professional services firm KPMG earns a salary of $145,000.
Here are the 17 highest-paying firms for MBA grads, ranked lowest to highest.
Myntra changes logo after complaint calls signage offensive to women
The complaint had been lodged last month with the cyber cell in Mumbai by Avesta Foundation’s Naaz Patel.
Fashion e-tailer Myntra is changing its logo following a complaint by a Mumbai-based activist who alleged that the brand’s signage was offensive towards women.
When contacted, Myntra confirmed the development.
The logo is being changed across Myntra’s website, app and packaging material.
The complaint had been lodged last month with the cyber cell in Mumbai by Avesta Foundation’s Naaz Patel.
Speaking to PTI, Rashmi Karandikar, Deputy Commissioner of Police (Cyber Crime) said a complainant had approached the cyber crime police station in the matter.
"We called a meeting with Myntra following the complaint, they (Myntra) came and agreed to change the logo. They have sent an e-mail as well on the same," she said.
In a tweet, Avesta Foundation said: "Congratulations to our founder. She did it what apparently seemed impossible. Thank you everyone for your support. We’re overwhelmed by the response. Kudos to @myntra for addressing the concerns and respecting the sentiments of millions of women".
However, the matter has drawn a mixed response from netizens. While some have welcomed the company’s decision to change the logo, many said such demands for logo changes seemed whimsical.
Flipkart group company Myntra is one of the largest fashion e-retailers in the country. During its ‘End of Reason Sale’ last month, it sold 11 million items while catering to more than 5 million orders.