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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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Qatar Airways to Resume Flights to Major Destinations
May 31st, 2020 - 10:00 GMT

Qatar Airways to Resume Flights to Major Destinations

BIE Approves Postponing Dubai Expo 2020
May 31st, 2020 - 09:30 GMT

BIE Approves Postponing Dubai Expo 2020

UAE:  Can Employer Terminate Your Contract While You Are On Leave?
May 31st, 2020 - 09:00 GMT

UAE: Can Employer Terminate Your Contract While You Are On Leave?

‘Kosherati’: UAE's First Jewish Catering Service
May 31st, 2020 - 08:00 GMT

‘Kosherati’: UAE's First Jewish Catering Service

Renault Announces 15,000 Job Cuts Worldwide
May 31st, 2020 - 07:30 GMT

Renault Announces 15,000 Job Cuts Worldwide

Lufthansa Gives Up Landing Slots to Get $10 Billion Bailout
May 31st, 2020 - 07:00 GMT

Lufthansa Gives Up Landing Slots to Get $10 Billion Bailout

Oil Prices Close Out May with Record Monthly Gains
May 31st, 2020 - 06:30 GMT

Oil Prices Close Out May with Record Monthly Gains

Zoom to Strengthen Encryption for Paying Customers Only
May 31st, 2020 - 06:00 GMT

Zoom to Strengthen Encryption for Paying Customers Only

OPEC+ Members Mull Extending Oil Supply Cuts Until End of 2020
May 30th, 2020 - 07:00 GMT

OPEC+ Members Mull Extending Oil Supply Cuts Until End of 2020

Has Riyal/US Dollar Peg Benefited Saudi Economy?
May 30th, 2020 - 06:00 GMT

Has Riyal/US Dollar Peg Benefited Saudi Economy?

Saudi Arabia Transfers $40 Billion from SAMA's FX Reserves to PIF
May 30th, 2020 - 05:00 GMT

Saudi Arabia Transfers $40 Billion from SAMA's FX Reserves to PIF

Turkey: Economy Grows 4.5% Percent in Q1
May 29th, 2020 - 06:00 GMT

Turkey: Economy Grows 4.5% Percent in Q1

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