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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
June 30th, 2016 - 09:18 GMT

Alpha Data recognized as ‘Commercial and Marketing Partner of the Year’ at Cisco UAE Partner Summit 2016

Etihad Cargo
June 30th, 2016 - 09:06 GMT

Etihad Cargo launches luxury car service for summer 2016

More than 2.5 million Brits were planning trips to Turkish resorts this year.  (AFP/Ozan Kose)
June 30th, 2016 - 09:00 GMT

Istanbul Airport attack: Another strike against Turkey's crippled tourism industry

To win the World’s Most Attractive Employer title, companies must appear in the top 90 per cent of employers within at least six regional markets.  (File photo)
June 30th, 2016 - 07:38 GMT

Cream of the crop: The world's most attractive employers

Dubai Silicon Oasis Installs Smart Street Solution by Huawei
June 30th, 2016 - 07:17 GMT

Dubai Silicon Oasis installs smart street solution by Huawei

PDO Managing Director said the money raised will help to finance business plans, as well as create more jobs and training opportunities for Omanis. (PDO)
June 30th, 2016 - 07:00 GMT

Petroleum Development Oman raises $4B for project financing

UAE Minister of Economy and General Civil Aviation Authority Chairman Sultan Bin Saeed Al Mansouri said on May 30 the UAE had reached a “gentleman’s agreement” to discuss the allegations with the US. (File photo)
June 30th, 2016 - 06:15 GMT

Airline subsidy row: Etihad not invited to participate in US meeting

Italy has repeatedly complained that Egyptian authorities have not cooperated to find those responsible for the 28-year-old student's death. (File photo)
June 30th, 2016 - 05:44 GMT

Italy suspends aviation supplies to Egypt over Regeni murder investigation

ADNOC Distribution
June 30th, 2016 - 05:15 GMT

ADNOC Distribution operates two vehicle inspection centres for two days during Eid Al Fitr holiday

flydubai
June 30th, 2016 - 05:06 GMT

flydubai announces increased flights to Bucharest

Hassan Nasrallah claims that US sanctions will be ineffective because of Hezbollah's secure, direct income from Iran and not through Lebanese banks. (File photo)
June 30th, 2016 - 04:53 GMT

US urges Iran to stop Hezbollah funding

During the event
June 30th, 2016 - 03:44 GMT

Abu Dhabi Ports and Agthia Group sign a 25-year lease agreement

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