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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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Australian delegation visits Emirates SkyCargo's Cool Chain Facilities2
June 13th, 2016 - 04:54 GMT

Australian delegation visits Emirates SkyCargo’s cool chain facilities

During the event
June 13th, 2016 - 04:48 GMT

ADCB recognized by Euromoney Award for Excellence 2016

An explosive device hidden in plants outside BLOM bank headquarters in the Verdun neighborhood went off shortly after 8 pm on a mainly deserted street last night. (AFP/Anwar Amro)
June 13th, 2016 - 04:22 GMT

Beirut's BLOM Bank bombing keeps spotlight on Hezbollah funding debate

Ooredoo iftar tent
June 13th, 2016 - 03:40 GMT

Ooredoo distributes more than 17,000 iftar meals during the Holy Month of Ramadan

SaudiGulf is initially expected to launch daily flights to Jeddah and Riyadh before expanding to Abha, Madinah, Gassim and Tabuk. (RIyadh Vision)
June 12th, 2016 - 12:00 GMT

New SaudiGulf Airlines set to begin domestic flights

The six member GCC bloc has been debating a common value added tax, which is a tax levied on the import and supply of goods and services at each production and distribution stage, for over a decade. (File photo)
June 12th, 2016 - 11:00 GMT

VAT in GCC: Challenges ahead of 2018 implementation

Huawei and SamTech MoU Signing
June 12th, 2016 - 10:21 GMT

Connected-in-vehicle solution to transform safety and efficiency in regional transport sector

Etihad Airways
June 12th, 2016 - 10:14 GMT

Etihad Airways marks 10 years of flying to Qatar with additional frequencies

Twitter said the database could have been created by merging information from other breaches or from password-stealing malware, adding affected users have been notified by email. (Shutterstock)
June 12th, 2016 - 10:12 GMT

Twitter locks 32 million accounts but denies it was hacked

Prof Mustafa Hassan
June 12th, 2016 - 10:02 GMT

HBMSU highlights importance of smart learning at 11th eLearning Africa in Egypt

Shorter working hours during Ramadan mean social media usage is at an all time high in the Middle East, giving opportunities to small advertising companies to gain a foothold in the market. (Shutterstock)
June 12th, 2016 - 10:00 GMT

Quick tips: Setting up a business during Ramadan

Meydan has multiple projects in various stages of development, including the signature mixed-use Meydan One master-development and partnership in the Dubai Canal extension. (Meydan)
June 12th, 2016 - 10:00 GMT

Dubai's Meydan Group secures $270M in Islamic financing

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