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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 5th, 2016 - 05:11 GMT

Telecommunications and Regulatory Authority explores best corporate communication practices with Kuwait’s CITRA

During the parade
June 5th, 2016 - 05:09 GMT

RJ’s 787 performs air show during celebrations marking the centennial of the Great Arab Revolt

Gulf Bank
June 5th, 2016 - 05:03 GMT

Gulf Bank announces the winners of the Al Danah daily draws for the week of 22 May – 26 May 2016

International carriers can stop selling tickets in Egypt, only selling through their websites where people pay with a  foreign exchange credit card, but this would reduce traffic. (File photo)
June 5th, 2016 - 05:00 GMT

Egypt's failure to pay airlines $291M puts country on 'a slippery slope': IATA

During the event
June 5th, 2016 - 04:58 GMT

Etihad Airways equity partners sign declaration to support the prevention of illegal wildlife trade

During the workshop
June 5th, 2016 - 04:49 GMT

MoF organises happiness workshop in collaboration with UN Office

Mohammed Sanusi Barkindo from Nigeria (center) takes over as Secretary General from the start of August. (Nigeria Newsdesk)
June 5th, 2016 - 04:40 GMT

OPEC elects new head, downplays meeting deadlock

Workers were incensed that the firm did not pay them despite the Group reportedly receiving a $667M loan from Saudi British Bank and National Arab Bank. (Samaa.tv)
June 2nd, 2016 - 12:02 GMT

Binladin Group reportedly selling assets as workers continue to protest unpaid salaries

Uber serves more than 450 cities in more than 70 countries, and has previously attracted investment from Qatar, whose sovereign wealth fund took a stake in the company in 2014. (File photo)
June 2nd, 2016 - 11:31 GMT

Uber gets a $3.5B Saudi injection

Emirates NBD has already launched major digital banking initiatives in support of the country’s ‘smart city’ vision.  (File photo)
June 2nd, 2016 - 11:00 GMT

Emirates NBD to target millennials with $136M digital strategy

Jordan's Arab Bank came in at number 23. (File photo)
June 2nd, 2016 - 10:55 GMT

The top 100 companies in the Arab world, according to Forbes

Going cashless can range from consumers paying through mobile payment applications on their smartphones, to paying through the latest wearable devices such as smart watches. (File photo)
June 2nd, 2016 - 10:45 GMT

Cashless payments increasingly possible in the UAE

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