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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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Egypt has suffered from a shortage of dollars in the banking system to pay for crucial imports since a 2011 uprising drove away tourists and foreign investors, crucial sources of hard currency. (Shutterstock/Ververidis Vasilis)
July 4th, 2016 - 08:00 GMT

Egypt's Central Bank claims no change to debit card use abroad

Yemen's Central Bank fell under Houthi control in March. (Nabanews.net)
July 4th, 2016 - 07:28 GMT

IMF, oil deals hampered by Houthi control of Central Bank: Yemeni PM

Dubai Gold & Commodities Exchange
July 4th, 2016 - 07:19 GMT

DGCX scales new volume records amidst global market volatility

Sabby Gill
July 4th, 2016 - 06:41 GMT

Growth fears: How can businesses align business growth with employee satisfaction?

BHS entered administration in April after accruing debts of more than £1bn ($1.4bn) and failing to find a buyer. (AFP/Carl De Souza)
July 4th, 2016 - 06:00 GMT

Qatar's Al Mana acquires ailing BHS retail franchise

The actual budget deficit for the 2015/2016 fiscal year which ended on March 31 is KD 5.5 billion, the first actual deficit to be posted by Kuwait after 16 years of surpluses. (File photo)
July 4th, 2016 - 05:15 GMT

Kuwait may borrow up to $16.5B to finance budget deficit

Gulf Bank Closes During Eid Al-Fitr
July 4th, 2016 - 05:01 GMT

Gulf Bank closes during Eid Al-Fitr

cairo review special report: “Trouble in Europe”
July 4th, 2016 - 04:50 GMT

Cairo review special report: “Trouble in Europe”

During the event
July 4th, 2016 - 04:43 GMT

QSTec hosts solar lantern workshops for children during Ramadan

Emirates’ A380 makes twin touch downs in Los Angeles and Vienna
July 4th, 2016 - 04:34 GMT

Emirates’ A380 makes twin touch downs in Los Angeles and Vienna

A source within the CBE said the total dues repaid by the central bank to Qatar in the past two years amounted to $7 billion. (File photo)
July 4th, 2016 - 04:20 GMT

Payback time: Egypt settles billion-dollar debt with Qatar

Mijbil Alayoub, Ooredoo Kuwait’s Corporate Communications Director
July 4th, 2016 - 03:54 GMT

Ooredoo supports “Jaribha” crowdfunding app

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