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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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For the British energy sector, Oil & Gas U.K. said in a statement the industry is "at a critical juncture."  (Shutterstock)
June 26th, 2016 - 05:00 GMT

Oil prices suffer one of worst slides in recent history following Brexit vote

Prime Minister David Cameron in 2013 with the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan. (Stefan Rousseau)
June 24th, 2016 - 05:25 GMT

Brexit vote rekindles hope for new UK-GCC free trade agreements

Economists say the bilateral trading landscape between the GCC and the UK may not necessarily be harmed by Brexit. (Shutterstock)
June 24th, 2016 - 11:41 GMT

Brexit: A weaker pound presents opportunities for GCC investors

Al Bawaba
June 24th, 2016 - 08:37 GMT

Global markets take a tumble as UK votes to leave the EU

The most important thing about being in your 20s and saving, is simply getting into the habit – walk before you run.  (Shutterstock)
June 23rd, 2016 - 12:32 GMT

Turning 30? Here are 12 things you should do for your financial future

Nearly 100,000 animal rights campaigners signed a petition to protest the opening of a Sea World park in Dubai last year. (Sea World San Diego)
June 23rd, 2016 - 12:00 GMT

After Dubai controversy, Sea World mulls Saudi entry

The main reason almost all cities in the Middle East increased in rank is that their currencies are pegged to the US Dollar.  (File photo)
June 23rd, 2016 - 11:00 GMT

Arab capitals climb the 'most expensive cities' lists

Even after you’ve turned on Google Prompt, your other authentication methods will continue to work as well. (Tomsguide.com)
June 23rd, 2016 - 10:39 GMT

Google Prompt: Now you can securely sign into Google with one tap

To stay ahead of the curve, there is a lot more to be done in addition to excelling in the current position. (Shutterstock)
June 23rd, 2016 - 10:20 GMT

Keeping competitive: Know your industry's skill sets

The ban comes after the CSRD sentenced MMG founder Mohammad Al-Mojil and his son Adel Al-Mojil, the firm’s chairman, to five years in jail on Thursday. (Deloitte)
June 23rd, 2016 - 10:00 GMT

Deloitte 'disappointed' after two-year ban decision by Saudi regulator

Etihad Airways partners help launch air Serbia’s first transatlantic route
June 23rd, 2016 - 09:59 GMT

Together to New York – Etihad Airways partners help launch air Serbia’s first transatlantic route

During the event
June 23rd, 2016 - 09:40 GMT

DEWA receives international appreciation from World Summit on the Information Society

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