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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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“The rebound in prices is probably a vindication of the OPEC policy of the past two years, although the trajectory for the balance of the year is likely to remain very volatile,” said the managing director of the DME.  (File photo)
June 8th, 2016 - 08:00 GMT

Oman crude oil prices jump nearly 100 percent from January lows

Ericsson
June 8th, 2016 - 07:57 GMT

Ericsson ConsumerLab: personal safety to drive wearables market beyond health & fitness

Winner with Jury and Special Guests
June 8th, 2016 - 07:41 GMT

Swedish Wood Design competition winners announced

Hamad Medical Corporation
June 8th, 2016 - 07:27 GMT

HMC dietitian offers healthy eating advice for Ramadan to patients with existing heart problems

Starwood Hotels
June 8th, 2016 - 07:21 GMT

Starwood Hotels & Resorts to expand in Saudi Arabia with two new hotels in Riyadh with Al-Akaria

Ali Al Najjar, Assistant General Manager and Head of Operations Department at Al Ansari Exchange, receiving the Superbrand trophy at the gala night of the prestigious Superbrands Tribute Event
June 8th, 2016 - 07:14 GMT

Al Ansari Exchange wins 11th ‘UAE Superbrand’ trophy in a row

During the signing ceremony
June 8th, 2016 - 07:06 GMT

Imdaad focuses on environmental sustainability through its deal with Alserkal Group’s Blue for management of used cooking oil

The plan also aims to improve the quality of services provided by the government and achieve a prosperous and sustainable future. (File photo)
June 8th, 2016 - 07:00 GMT

Saudi's National Transformation plan: First details revealed

Yasser Zeineldin, CEO, eHosting DataFort
June 8th, 2016 - 06:26 GMT

eHDF, Netcure & LogRhythm announce launch of Cyber Defense Centre at an exclusive seminar in Dubai

JAZEERA Airways
June 8th, 2016 - 06:03 GMT

Jazeera Airways announces new destination

Hilton Worldwide is rapidly expanding its portfolio of mid-market, upscale and luxury properties within its distinct portfolio of brands across the Middle East. (Trade Arabia)
June 8th, 2016 - 06:00 GMT

Hilton to open Waldorf Astoria Hotel at Dubai International Financial Centre

QF Radio
June 8th, 2016 - 05:54 GMT

QF Radio talks Ramadan

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