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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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Busy schedules are the biggest challenge standing between 30 percent of the professionals and a healthier lifestyle. (File photo)
July 5th, 2016 - 09:15 GMT

Keep fit, don't quit just because you have a desk job

UAE Red Crescent Iftar
July 5th, 2016 - 09:02 GMT

Hawthorn Suites by Wyndham and Ramada Downtown Dubai host Iftar for UAE Red Crescent

The transfer of funds to Gaza banks will be carried out with Israel's security considerations in mind, according to the agreement.  (AFP/Mohamed Abed)
July 5th, 2016 - 09:00 GMT

Israel to allow Gaza banks to receive transfers via Turkey

From a safety and security perspective, banks definitely rank up high, however, returns are not as attractive as compared to other financial instruments and products. (File photo)
July 5th, 2016 - 08:20 GMT

Don't bank on it: Putting your eggs in one basket isn't the best savings strategy

Hyundai IONIQ Hybrid
July 5th, 2016 - 08:10 GMT

Hyundai confirms IONIQ Hybrid for 2016 Middle East launch

Contraction in the nominal GDP in Oman in 2015 was mainly due to the sharp fall in crude oil prices in the global markets and fiscal policies pursued by the government. (Times of Oman)
July 5th, 2016 - 08:00 GMT

Oman: Low oil prices end five years of economic growth

Analysts at Morgan Stanley said there were also signs prices could fall again soon, pointing at stalling gasoline demand and more oil from Canada and Nigeria after production problems. (AFP/Mohammed Al Shaikh)
July 5th, 2016 - 07:00 GMT

Saudi oil minister optimistic market is 'heading towards balance'

The May 2017 forum will be the ninth hosted by Jordan since the first conference in 2003. (AFP/File)
July 5th, 2016 - 06:00 GMT

Jordan to host MENA's World Economic Forum in 2017

Reach Out To Asia (ROTA) volunteers alongside thank you packages
July 5th, 2016 - 05:16 GMT

Qatar Foundation celebrates local volunteers

Chototel will harness construction technology called light gauge steel framing, which minimises its carbon footprint by using a method that eliminates the use of bricks and wood as raw materials. (Twitter)
July 5th, 2016 - 05:11 GMT

Super-economy hotel will offer $2 a night rooms in UAE

EgyptAir revealed they would incur a $2 million loss in case the daylight saving time was cancelled. (Shutterstock)
July 5th, 2016 - 04:50 GMT

Egypt to scrap daylight savings time from July 7

The ‘Founder Stories’ session at EdTechXEurope 2016 in London
July 5th, 2016 - 04:21 GMT

WISE partners with EdTechXGlobal

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