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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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Saudi Arabia: Moody's Degrades Ratings of 10 Banks to Negative
May 7th, 2020 - 11:00 GMT

Saudi Arabia: Moody's Degrades Ratings of 10 Banks to Negative

The New Tourism Norms Post COVID-19
May 7th, 2020 - 10:30 GMT

The New Tourism Norms Post COVID-19

US: COVID-19 Ravages Economy With Overall Debt Exceeding $14 Trillion
May 7th, 2020 - 10:00 GMT

US: COVID-19 Ravages Economy With Overall Debt Exceeding $14 Trillion

UAE Attempts to Combat Money Laundering With Fintech
May 7th, 2020 - 09:30 GMT

UAE Attempts to Combat Money Laundering With Fintech

Eurozone: Retail Trade Volume Plummets 11.2 Percent
May 7th, 2020 - 09:00 GMT

Eurozone: Retail Trade Volume Plummets 11.2 Percent

S&P: Turkey Maintains B+ Credit Rating
May 7th, 2020 - 08:30 GMT

S&P: Turkey Maintains B+ Credit Rating

EU Set to Enter Deepest Recession in its History
May 7th, 2020 - 08:00 GMT

EU Set to Enter Deepest Recession in its History

Will Saudi Arabia Emerge As Winner of Oil Price Wars?
May 7th, 2020 - 07:30 GMT

Will Saudi Arabia Emerge As Winner of Oil Price Wars?

Are COVID-19 Tracing Technologies Set for Everyone?
May 6th, 2020 - 03:00 GMT

Are COVID-19 Tracing Technologies Set for Everyone?

Egypt Loosens Lockdown Rules in an Attempt to Revive Economy
May 6th, 2020 - 01:00 GMT

Egypt Loosens Lockdown Rules in an Attempt to Revive Economy

Facebook Suspends Network Linked to Iran's State Media
May 6th, 2020 - 12:30 GMT

Facebook Suspends Network Linked to Iran's State Media

UAE: Non-Oil Sector Continues Bleeding in April Due to Lockdown
May 6th, 2020 - 12:00 GMT

UAE: Non-Oil Sector Continues Bleeding in April Due to Lockdown

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