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BUSINESS

BUSINESS latest

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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Because of Brexit, GCC banks which are looking for alternative sources of funding to compensate lower government deposits are unlikely to receive new external funding from the UK. (Shutterstock)
July 13th, 2016 - 09:00 GMT

Brexit impact on GCC sovereigns will be minimal: Moody's

Ford Innovate Mobility Challenge Series
July 13th, 2016 - 08:42 GMT

Ford tasks app developers to move Morocco with shared taxis in newest mobility challenge

During the event
July 13th, 2016 - 08:38 GMT

DEWA focuses on fourth-generation government excellence in annual strategy-cascading workshops

GIB Capital CEO Mr. Osamah Al Shaker
July 13th, 2016 - 08:20 GMT

Riyadh Based GIB Capital LLC appoints new CEO

Jamal Abdullah Lootah, CEO, Imdaad
July 13th, 2016 - 08:16 GMT

Imdaad introduces use of bio organic pesticide solutions as part of innovative initiative

Oman Arab Bank
July 13th, 2016 - 08:10 GMT

17 lucky people win big with Oman Arab Bank’s Hassad Savings Scheme

Overall, crude oil prices remain suppressed after breaching the $50 threshold earlier this year. (Shutterstock)
July 13th, 2016 - 08:00 GMT

Oil prices rise with release of OPEC report, but short term pressures remain

Ericsson
July 13th, 2016 - 07:15 GMT

Vodafone and Ericsson demonstrate new 5G Proof of Concept

The developers hope to involve some of the 250,000 Filipinos currently living and working in Qatar to take part in the project. (MetroCebu.ph)
July 13th, 2016 - 07:00 GMT

First Filipino hospital to be established in Qatar

Ooredoo launches first international calling App with unbeatable rates
July 13th, 2016 - 06:16 GMT

Ooredoo launches first international calling App with unbeatable rates

Snow City cost SR100 million and has been built over 5000 square metres with an hourly capacity of 350 people.  (Khaleej Times)
July 13th, 2016 - 06:00 GMT

It'll be a winter wonderland in Riyadh all year long as Snow City set to open

Reem Kassem
July 13th, 2016 - 05:02 GMT

AUC student swimmer Reem Kassem qualifies for Rio 2016 Olympics

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