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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 9th, 2016 - 08:25 GMT

dnata joins forces with Norway-based G Travel in marine, offshore and corporate travel

The airline has reined in its network to focus primarily on regional routes. (File photo)
June 9th, 2016 - 08:00 GMT

Not out of the red yet: Gulf Air reports 62 percent reduction on 2014 losses

DEWA Head Office
June 9th, 2016 - 07:51 GMT

DEWA’s Iftar tent provides for 2,200 people daily during Ramadan

June 9th, 2016 - 07:30 GMT

Mashreq announces new Head of its Asset Management business

Goals to reduce government spending on wages by 5 per cent (by SAR24 billion) will likely largely be achieved by not replacing the people leaving the public sector workforce and benefit cuts. (File photo)
June 9th, 2016 - 07:00 GMT

Saudi's bold reform targets require further formulation, economists warn

Hamad Medical Corporation
June 9th, 2016 - 06:42 GMT

HMC dietitian advises dialysis patients to eat healthily during Ramadan

Among MENA's greatest risks are a further slide in oil prices, escalation of conflict, and further negative effects of security challenges and social unrest in countries not entrenched in war. (File photo)
June 9th, 2016 - 05:00 GMT

Slow growth ahead: World Bank downgrades global forecast to 2.4 percent

Ooredoo
June 9th, 2016 - 04:30 GMT

Protégés kickoff sixth season of youth program

The proposed merger would create a bank with combined assets of almost $16 billion, according to Bloomberg. (File photo)
June 9th, 2016 - 04:19 GMT

Proposed merger of Bank Sohar, Bank Dhofar will create Oman's second largest bank

Carving out a piece of your budget to add playtime into the office is one of the best ways enhance team collaboration. (Pinterest)
June 8th, 2016 - 12:00 GMT

Take team building to the next level in MENA

British Airways suspended flights to Sharm El Sheikh in November 2015 following a plane crash in Sinai which killed 224 people, mostly Russian tourists. (Twitter)
June 8th, 2016 - 12:00 GMT

British Airways hopes to resume flights to Sharm El Sheikh in September

Those who planned their trips well ahead of time probably made the most savings. (File photo)
June 8th, 2016 - 11:37 GMT

Don't let long layovers burn a hole in your wallet

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