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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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Technological advances and consumer preferences over the years has drastically reduced demand for luxury Egyptian cotton. (Shutterstock)
June 16th, 2016 - 05:41 GMT

Egyptian cotton industry crippled by cut subsidies, falling demand

SNF Iftar at Al Bustan Rotana, Dubai
June 16th, 2016 - 05:14 GMT

Al Bustan Rotana, Dubai commemorates Ramadan with SNF Development Centre for Students with Special Needs

Families enjoying last year’s Garangao festivities at Al Shaqab
June 16th, 2016 - 05:08 GMT

Celebrate Garangao with Qatar Foundation

With markets already balancing on the back of modest global economic growth, the price for crude oil last week topped $50 per barrel for the first time in nearly a year. (File photo)
June 16th, 2016 - 04:37 GMT

Brexit fears, Goldman Sachs report drive oil prices below $50

Microsoft will benefit from LinkedIn’s ‘Sponsored Content’ space by enhancing its business to business marketing offering. (File photo)
June 15th, 2016 - 01:00 GMT

Microsoft's LinkedIn acquisition creates new opportunities in the Middle East

Commerzbank declined to comment on the Der Semit's account due to data protection and bank secrecy laws.  (Opednews.com)
June 15th, 2016 - 12:00 GMT

Germany's Commerzbank shuts anti-BDS account in landmark move

Deloitte
June 15th, 2016 - 10:33 GMT

Deloitte Survey: Innovation among top 5 priorities for 96% of companies

The development plan approved in December 2015 plan would increase funding for housing, education, employment of Arab women, infrastructure, welfare services and public transport in Arab localities. (AFP/File)
June 15th, 2016 - 10:00 GMT

Israel downplays delay in $645M Arab budget allocation

LG Stylus 2
June 15th, 2016 - 09:34 GMT

LG Stylus 2 plus delivers upgraded features for improved user experience

Oryx Rotana launches Exclusive Fitness Membership Offer
June 15th, 2016 - 09:23 GMT

Oryx Rotana launches Exclusive Fitness Membership Offer

During the event
June 15th, 2016 - 09:17 GMT

Software AG successfully concludes first ARIS User Day in Riyadh

During the event
June 15th, 2016 - 09:08 GMT

Omanoil enriches the lives of people across the sultanate with At'a campaign

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