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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 20th, 2016 - 03:40 GMT

Ooredoo awards its distinguished employees during annual Ghabga

230 of Iran's 250 planes need to be replaced. (Twitter)
June 19th, 2016 - 12:00 GMT

Iran strikes deal with Boeing for purchase of 100 planes

iOS 10 opens up incredible opportunities to developers with Siri, Maps, Phone and Messages. (Pinterest)
June 19th, 2016 - 11:41 GMT

Apple unveils redesigned apps, changes for iOS 10

Donations have far greater relevance when they are directed in a more integrated and meaningful way. (File photo)
June 19th, 2016 - 11:13 GMT

Applying Ramadan discipline to financial practices

Nadine graduated with a Business Administration degree with a Human Resources minor. (Bayt)
June 19th, 2016 - 11:08 GMT

A Day in the Life: Nadine Al Hadidi of Tip n' Tag

Fincantieri's Laksamana Class Missile Corvette, belonging to the Malaysian Navy. (Naval Technology)
June 19th, 2016 - 11:00 GMT

Qatar awards Fincantieri with $4.4B shipbuilding deal

Bank Nizwa
June 19th, 2016 - 10:22 GMT

Bank Nizwa provides multi channels for Zakat and Sadaqah payments during the holy month of Ramadan


The Kuwaiti parliament has approved a 2015-2020 development plan envisages investments totalling more than $100 billion in infrastructure projects in the country. (Cicadesign.ca)
June 19th, 2016 - 10:00 GMT

Italy's Salini Impreglio wins $955M Kuwait housing project contract

The report said that a number of reforms that were carried out in the middle of 2000s led to an increased growth rate in Egypt, but did not limit the soaring unemployment, nor did they provide increased economic opportunities to a large segment of Egyptians. (File photo)
June 19th, 2016 - 09:43 GMT

Egypt's economy has taken a backseat to politics: Report

Ford
June 19th, 2016 - 08:35 GMT

Ford Father’s Day tips on responsible driving to sustain our environment

ENOC Ramadan tent
June 19th, 2016 - 08:23 GMT

ENOC celebrates Iftar daily with 500 Fujairah residents

Dr. Mansoor Al Awar, Chancellor of HBMSU and Emirati referee Ali Bujsaim, Chairman of Al Ahli Group
June 19th, 2016 - 08:17 GMT

HBMSU commissioned to convert Al Ahli Driving Centre’s theoretical lessons to interactive eLearning format

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