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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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During the event
July 10th, 2016 - 06:06 GMT

Imdaad receives 2016 IMA Finance Team of the Year Award

Further delays in passing the decrees two decrees could jeopardize the chances of Lebanon drilling for gas in the coming few years. (File photo)
July 10th, 2016 - 06:00 GMT

Lebanon to offer ten offshore oil blocks up for international bids

Emirates Palace
July 10th, 2016 - 05:42 GMT

Summer at the Palace

Gulf Bank
July 10th, 2016 - 05:16 GMT

Gulf Bank announces the winners of the Al Danah Daily Draws for the week of 26 June – 30 June 2016

Abu Dhabi's Global Market Square on Al Maryah Island, Abu Dhabi's new financial district. (CTBUH.org)
July 10th, 2016 - 04:58 GMT

Abu Dhabi Global Market announces new financial partnership with Paris Europlace

Samsung 750 EVO SSD
July 10th, 2016 - 04:54 GMT

Samsung Electronics expands 750 EVO SSD with worldwide availability and increases capacity to 500GB

US President Obama is expected to block the latest measure by the Congress. (File photo)
July 10th, 2016 - 04:11 GMT

New US legislation threatens Iran's Boeing deal

After the war, BP and Shell won big contracts to develop oil fields in the south of Iraq, (AFP/Dan Kitwood)
July 8th, 2016 - 05:54 GMT

Chilcot report: UK oil companies were 'well placed' to reap contracts after Iraq invasion

Eid Al Fitr greetings from Gulf Bank
July 6th, 2016 - 03:40 GMT

Gulf Bank’s new red Account Holders enjoy the latest movies at Cinescape Cinemas with a free ticket

Kempinski Summerland Hotel & Resort also includes residential apartments that are separate from the hotel and resort. (Summerland)
July 5th, 2016 - 11:00 GMT

Lebanon's $500M Summerland Hotel set to reopen after years of renovation

Seize the opportunity and adopt responsible and exemplary pro-environmental behaviour that will be observed during Eid and beyond. (File photo)
July 5th, 2016 - 10:57 GMT

Be kind to the environment for a greener Eid al Fitr

Coca Cola's social responsibility program looks to help develop 60 more villages before 2020. (Coca Cola)
July 5th, 2016 - 10:00 GMT

Coca Cola plans $500M investment in Egypt market

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