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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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The Financial Action Task Force called on countries to "continue to advise their financial institutions to apply enhanced due diligence to (Iranian) business relationships and transactions." (Shutterstock)
June 29th, 2016 - 07:00 GMT

Iran's FATF restrictions partially lifted but blacklisted status remains

Listeners complained last week that the stations were off-air, with some claiming an Abu Dhabi classical music station was playing instead. (Campaign.me)
June 29th, 2016 - 06:00 GMT

UAE's Radio 1, Radio 2 pulled off air over license dispute

Qatar Foundation
June 29th, 2016 - 05:12 GMT

QF Radio to go off air after successful seven-year tenure

Mahmoudia Motors
June 29th, 2016 - 05:05 GMT

Mahmoudia Motors kicks off Ramadan Campaign on Land Rover Discovery Sport

Fitch said it expects general government debt to rise to nearly 80 percent of GDP in 2016 from around 62 percent of GDP in 2015, well above the 'BBB' and 'BB' medians of around 40 percent. (File photo)
June 29th, 2016 - 05:00 GMT

Bahrain ratings suffer downgrade to junk status by Fitch

Passengers enter the Ataturk airport International arrival terminal a day after a suicide bombing and gun attack targeted Istanbul's airport, killing at least 36 people.   (AFP/Ozan Kose)
June 29th, 2016 - 04:23 GMT

Istanbul Airport reopens following terror attack

During the event
June 29th, 2016 - 03:54 GMT

Ooredoo Executive Management participate in iftar distribution

Salary Account draw and Red Account draw
June 29th, 2016 - 03:40 GMT

Gulf Bank’s Monthly Salary Account and Red Account Draws are set to take place live on Marina FM

The output of Al-Shaheen oilfield over the last 22 years hit 1.6 billion barrels at a daily rate of 300,000 barrels which represent nearly 40 percent of Qatar's total oil output. (File photo)
June 28th, 2016 - 12:00 GMT

Qatar Petroleum, Total form new company for Al-Shaheen oilfield development

A program for the restoration of historic mosques under the (SCTNH) was started in cooperation with the Ministry of Islamic Affairs. (File photo)
June 28th, 2016 - 11:23 GMT

Saudi Arabia to restore eight historic Jeddah mosques

du offers Apple Watch in a select range of shops
June 28th, 2016 - 11:03 GMT

du offers Apple Watch in a select range of shops

Tourists take a camel ride to visit the Bedouin village at Wahiba Sands. (Oman Tourism Ministry)
June 28th, 2016 - 11:00 GMT

Omani graduates look to tourism, hospitality as oil and gas jobs dry up: Ministry

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