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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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Asad Batla during GCC New Age Summit
June 1st, 2016 - 11:03 GMT

Bank Nizwa reflects on innovation in islamic finance during GCC New Age Summit

Oman is expected to post an OMR 3.3bn ($8.6bn) budget deficit this year due to lower oil revenues. (Scenoplus)
June 1st, 2016 - 11:00 GMT

Oman’s corporate tax hike hopes to boost coffers by $650M

Hamad Medical Corporation
June 1st, 2016 - 10:57 GMT

Hamad Medical Corporation (HMC) launches new customer service program – Nesma’ak

Group Chairman and CEO Sultan Ahmed Bin Sulayem
June 1st, 2016 - 10:36 GMT

Collaboration and innovation key to bridging $5 trillion infrastructure gap of one Belt One Road countries

Your device could serve as a unique identifier for any third party who might be interested in collecting data. (Shutterstock)
June 1st, 2016 - 10:26 GMT

Beware, your smartphone can be infected via USB-to-computer charging

European and East-Asian countries are most preferred by Saudi tourists. (File photo)
June 1st, 2016 - 10:19 GMT

Saudi tourists spent $7.4B around the world in 2015

GE Global Supplier Forum
June 1st, 2016 - 10:15 GMT

Over 300 global business leaders from over 20 countries participate in GE’s Global Supplier Forum to strengthen Saudi supply chain

A number of smaller producers had become overly dependent on oil as a source of revenue, when prices were high, and did not make efforts to diversify their economies.  (Twitter)
June 1st, 2016 - 10:00 GMT

Smaller oil producers expected to follow the leader at OPEC meet

During the event
June 1st, 2016 - 09:45 GMT

GFH awarded gold and silver awards at the 2016 Transform Awards MENA

Hyundai Motor
June 1st, 2016 - 09:26 GMT

Hyundai uses Nürburgring 24h race as real-world test for prototype high-performance engine

Mohammed Lootah, Executive Director of CCCP
June 1st, 2016 - 09:22 GMT

DED awards ‘VIP Category’ rating to Azadea Group for success in Self Inspector campaign

ASUS
June 1st, 2016 - 09:19 GMT

ASUS Middle East Republic of Gamers announces Rampage V Edition 10

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