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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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Up to 70 per cent of job hunters in Middle East have difficulties finding senior-level candidates with required skills. (File photo)
June 2nd, 2016 - 10:37 GMT

Use E-learning to boost employability

When the teens saw their own photos with a large number of likes, researchers saw activity across a wide variety of regions in the brain. (Shutterstock)
June 2nd, 2016 - 10:00 GMT

Study shows that teenagers are influenced by online 'friends' even if they hardly know them

Arabtec's vice-chairman hopes the company's restructuring process will help improve the financial performance. (Ventures On Site)
June 2nd, 2016 - 10:00 GMT

Arabtec dips into reserves to stem losses

Rutger Reman, Head of Industry & Society unit at Ericsson
June 2nd, 2016 - 09:45 GMT

Ericsson demonstrates smart sustainable cities at Smart City Expo Istanbul

Starwood Hotels
June 2nd, 2016 - 09:30 GMT

Starwood Hotels & Resorts celebrates seventh edition of ‘Iftar for Cabs’ initiative

Jacques Brent
June 2nd, 2016 - 09:15 GMT

Ford announces senior leadership changes in Middle East and Africa

Water flyboard show on the creek in Dubai
June 2nd, 2016 - 09:11 GMT

GROHE launches the Tempesta- F in the UAE with spectacular water show

The report said that 91 percent of the 2 billion tons of rubble left by the war have been cleared. (AFP/File)
June 2nd, 2016 - 09:00 GMT

Gaza reconstruction: 60 percent funding shortfall in promised donations

DGCX
June 2nd, 2016 - 08:58 GMT

Brexit, US Fed Interest Rate hike possibilities leads trading interest growth on DGCX

HE Saif Al Falasi at ENOC Elite Awards
June 2nd, 2016 - 08:29 GMT

ENOC recognises and honours high achieving employees at ENOC Awards 2016

The deal includes 80 train carriages to be given to the Egyptian National Railways as a “gift” worth a 100 million euro-grant from Hungary. (Shutterstock)
June 2nd, 2016 - 08:00 GMT

Egypt: Hungary to fund 700 train carriages in $1B deal

Etihad Airways
June 2nd, 2016 - 07:34 GMT

Etihad Airways brings the residence to Melbourne

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