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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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Mohammad Al-Mojil Group is one of the largest of Saudi Arabia's construction companies. (Arab News)
June 21st, 2016 - 09:00 GMT

Saudi contractor MMG's entire board resigns after jail sentences, fines

During the event
June 21st, 2016 - 08:44 GMT

RJ holds an Iftar for its business partners, the travel agents

ART Rotana partners with Amwaj Islands to provide food to the less fortunate
June 21st, 2016 - 08:13 GMT

ART Rotana partners with Amwaj Islands to provide food to the less fortunate

LG PuriCare
June 21st, 2016 - 08:10 GMT

Health-boosting technology forges the way for LG to serve who matters most – the family

The AfDB is set to loan Egypt a total of $1.5 billion over the course of three years.   (F. Dubessy)
June 21st, 2016 - 08:00 GMT

Egypt appeals to African Development Bank to release $500M loan

TRYP By Wyndham
June 21st, 2016 - 07:52 GMT

Celebrate this Eid with TRYP By Wyndham

A roller coaster at Six Flags Magic Mountain, California. (Go California)
June 21st, 2016 - 07:00 GMT

Six Flags over Saudi: US company announces theme park partnership

Dr. Uday Chandra
June 21st, 2016 - 06:59 GMT

Georgetown professor tackles the taboo topic of caste in India

Hamad Medical Corporation
June 21st, 2016 - 06:42 GMT

HMC’s Acting Head of Psychology recognized for excellence in social work

PwC
June 21st, 2016 - 06:08 GMT

PwC: GCC companies should take action now to prepare for VAT and Excise Tax

The Dubai World Central will host Dubai’s future mega airport Al Maktoum International and Expo 2020. (Skyscraper City)
June 21st, 2016 - 06:00 GMT

UAE approves land ownership for foreigners in Dubai World Central

Royal Jordanian
June 21st, 2016 - 05:21 GMT

Darwazeh appointed representative of the Government Shareholdings’ Management Company in RJ Board of Directors

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