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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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December 20th, 2009 - 07:51 GMT

Memon Investments awards AED 65 million contract to OST Constructional Projects LLC for ‘Frankfurt Sports Tower I’

December 20th, 2009 - 07:04 GMT

Redington Gulf signs new distribution agreement for Juniper Networks in Middle East & Africa

December 19th, 2009 - 07:20 GMT

Back-to-back trade events generate SAR millions in new business deals and projects in Saudi Arabia

December 17th, 2009 - 02:25 GMT

Egypt: Beltone Financial Holding, EFG-Hermes act as financial advisors in largest syndication to be covered from local banks

December 17th, 2009 - 07:06 GMT

BMW unveils ActiveHybrid models at the Dubai International Motor Show

December 16th, 2009 - 09:17 GMT

Wataniya Airways Cargo Takes Off

December 16th, 2009 - 08:38 GMT

du expands broadcast services through new partnership with Abu Dhabi Media Company

December 16th, 2009 - 08:20 GMT

Prince Al Waleed hails strategic alliances between two giants, Rotana and Disney

December 16th, 2009 - 06:17 GMT

General Dynamics Awarded $14 Million for Iraqi Abrams Tank Work

December 15th, 2009 - 03:43 GMT

Purchase of Saudi Arabia plant to support expansion in Middle East says Fonterra

December 15th, 2009 - 10:22 GMT

Solidere International launches projects in Egypt in collaboration with Sodic

December 15th, 2009 - 10:13 GMT

GMMOS secures $100 million term loan facility to fund acquisitions in offshore supply vessel sector

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