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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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Muslim pilgrims gather to perform noon and afternoon prayers at Namira Mosque in Mount Arafat, southeast of the Saudi holy city of Mecca. (AFP Photo/Mohammed Al-Shaikh)
July 3rd, 2016 - 02:00 GMT

Saudi tourism commission estimates 140 million visitors by 2020

License holders will be required to utilize only best practice technology that reduces the environmental impact of natural gas and oil exploration and production operations. (File photo)
July 3rd, 2016 - 01:00 GMT

Israel to award 60 new oil and gas licenses for offshore exploration

The merger will create an entity with Dh642 billion in total assets, making the combined bank the largest in the Middle East and North Africa.. (Aisbrandlab.com)
July 3rd, 2016 - 11:00 GMT

UAE's $175B NBAD, FGB merger gets green light from board members

Investigations were launched amid reports that executives at some state-owned firms were earning more than 50 times the base government salary. (File photo)
July 3rd, 2016 - 10:00 GMT

Mass resignations at Iran's sovereign wealth fund after 'fat cat' salary investigations

During the event
July 3rd, 2016 - 09:59 GMT

Oman Oil marketing company surprises 1,000 customers with special iftar meals

Qatar is one of the most high-profile investors in London. (File photo)
July 3rd, 2016 - 09:56 GMT

London and Arab investment: What is the draw?

Your very identity is at risk of theft, yet a worrying number of users fail to activate their phone’s security features. (File photo)
July 3rd, 2016 - 09:50 GMT

How biometrics are changing the game for private data theft protection

Certain loan types which can drain your wealth if you aren't careful. (File photo)
July 3rd, 2016 - 09:44 GMT

Good debt and bad: Do your loans benefit you in the long run?

A job description is like a sales pitch to your potential employees. (File photo)
July 3rd, 2016 - 09:40 GMT

Write it right: Drafting the job description

During the event
July 3rd, 2016 - 09:15 GMT

Software AG unveils plans to explore USD 420 billion Iranian economy

The orphans with the RJ employees at the head office
July 3rd, 2016 - 09:11 GMT

RJ concludes its Ramadan campaign in the cities of Ma’an and Karak

During the event
July 3rd, 2016 - 09:09 GMT

Mashreq Ramadan charity drive benefits 10,000 workers

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