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Elon Musk avoids $150 million penalty in Twitter disclosure case
July 10th, 2026 - 10:56 GMT
Osama Ali

Osama Ali

Elon Musk avoids $150 million penalty in Twitter disclosure case

ALBAWABA – Elon Musk settled with the U.S. Securities and Exchange Commission for a far lower amount after a U.S. federal judge approved a deal to settle claims he failed to disclose his purchases of Twitter shares in time under securities law. The settlement, reportedly worth $1.5 million, concerns Elon Musk's 2022 purchase of a substantial share in Twitter before he completed his $44 billion takeover of the social media ...
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US: Google Postpones Office Reopening to September 7
July 2nd, 2020 - 11:00 GMT

US: Google Postpones Office Reopening to September 7

UAE: Aviation Authority Mulls the Return of Boeing 737 MAX Aircraft
July 2nd, 2020 - 10:30 GMT

UAE: Aviation Authority Mulls the Return of Boeing 737 MAX Aircraft

Report: Damac Properties Considers Taking Company Private
July 2nd, 2020 - 10:00 GMT

Report: Damac Properties Considers Taking Company Private

Europe Eyes Boosting Investments In Robotics
July 2nd, 2020 - 09:30 GMT

Europe Eyes Boosting Investments In Robotics

UAE: DIFC Implements New Data Protection Law
July 2nd, 2020 - 09:00 GMT

UAE: DIFC Implements New Data Protection Law

Dubai: GDP Drops 3.5 Percent In Q1 2020
July 2nd, 2020 - 08:30 GMT

Dubai: GDP Drops 3.5 Percent In Q1 2020

Indonesia Issues $2.5 Billion Worth of Sukuk In Nasdaq Dubai
July 2nd, 2020 - 08:00 GMT

Indonesia Issues $2.5 Billion Worth of Sukuk In Nasdaq Dubai

Middle East Carriers Post 98 Percent Demand Drop in May
July 2nd, 2020 - 07:30 GMT

Middle East Carriers Post 98 Percent Demand Drop in May

Airbus to Cut 15,000 Jobs Due to COVID-19
July 2nd, 2020 - 07:00 GMT

Airbus to Cut 15,000 Jobs Due to COVID-19

NMC Injected Millions of Dirhams Into BR Shetty's Daughter's Failed Ventures
July 2nd, 2020 - 06:30 GMT

NMC Injected Millions of Dirhams Into BR Shetty's Daughter's Failed Ventures

UAE to Provide $160 Billion Investment Opportunities In Energy Sector
July 2nd, 2020 - 06:00 GMT

UAE to Provide $160 Billion Investment Opportunities In Energy Sector

Middle East Companies and Projects That Benefited From COVID-19
July 1st, 2020 - 03:00 GMT

5 Companies That Benefited From COVID-19 in the Middle East

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