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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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OPR EMEA CEO Michael Frohlich receiving the trophy
June 23rd, 2016 - 04:58 GMT

Memac Ogilvy PR voted Middle East PR Consultancy of the Year at 2016 EMEA Sabre Awards

During the event
June 23rd, 2016 - 04:51 GMT

Royal Jordanian holds two Iftars for orphans and continues distributing goodwill parcels

The Yemeni curriculum will be taught in coordination with the Yemeni Ministry of Education, with educational materials transformed into computer and television resources. (Tumblr)
June 23rd, 2016 - 04:47 GMT

Saudi Arabia supports e-learning for Yemeni students

During the event
June 23rd, 2016 - 04:15 GMT

Qatar Foundation invites community to enjoy National Reading Campaign activities at City Centre

Brexit expectations have had a grip on global confidence and the “Bremain” hopes could encourage a forced appreciation in European and American equity markets. (Shutterstock)
June 23rd, 2016 - 04:11 GMT

Expats urged to keep an eye on their investments as Brexit race is too close to call

During the event
June 23rd, 2016 - 03:44 GMT

du executives come together to pack additional boxes of essential Iftar ingredients

Qatar's Mayhoola also owns the Valentino label. (AFP/File)
June 22nd, 2016 - 12:30 GMT

Qatar's Mayhoola buys Balmain fashion house

Experts warned that the Dead Sea is on course to dry out by 2050. (File photo)
June 22nd, 2016 - 11:30 GMT

Jordan: International firms line up for Red Sea-Dead Sea project as tender closes

The new device will allow better service provision by government and private sector bodies. (Arab News)
June 22nd, 2016 - 11:25 GMT

How E-bracelets are aiding pilgrims at the holy sites

Egypt received $19.7 billion in remittances from its citizens working abroad in 2015, says Fattouh. (AFP/Khaled Desouki)
June 22nd, 2016 - 11:22 GMT

Sending it home: Egypt tops remittances table in MENA

An adviser should be willing to explain the logic behind any recommendations. (File photo)
June 22nd, 2016 - 11:14 GMT

Sound money management is more than common sense and saving

Emirates’ milestone 80th A380 touches down in Vienna
June 22nd, 2016 - 11:08 GMT

Emirates milestone 80th A380 touches down in Vienna

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