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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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Economists believe the UAE economy to perform better than most expect over the coming years. (Shutterstock)
January 19th, 2019 - 07:26 GMT

Rise in Public Spending to Boost GCC Economic Growth

Between 50 and 100 students participated in the demonstration, holding signs protesting the cost of education and lack of job opportunities. (Shutterstock)
January 18th, 2019 - 07:30 GMT

Lebanese Youth Protests Demanding Economic Change

According to the agreement signed with the housing authority, anticipating the total number of housing units will be between 5,000 to 6,000. (Shutterstock)
January 18th, 2019 - 06:30 GMT

Chinese Contractor to Deliver 6,000 Housing Units in Kuwait

The Dubai RTA has collaborated with big global firms for the extension of Dubai Metro Red Line up to the site of Expo 2020. (File/Photo)
January 18th, 2019 - 06:00 GMT

Dubai Route 2020 Trials Marked Successful

The world’s largest concentrated solar plant is due to be completed by 2021 near Dubai and is expected to have a 1,000-MW capacity. (Arab News)
January 18th, 2019 - 05:30 GMT

From Solar Boats to Electric Buses, UAE Diversifying Its Eco-Friendly Transportation Means

It's a dream set to come true in the UAE by 2020. (Shutterstock)
January 18th, 2019 - 05:00 GMT

Abu Dhabi Hyperloop, a Dream Costing up to $40 Million per Kilometre

Barsoum has always been fascinated by informalities in Egypt ever since she was in high school.
January 17th, 2019 - 12:26 GMT

AUC Architecture Graduation Project Wins First Place in a National Competition

The film is a French-Swedish-Norwegian coproduction that is distributed in the Arab world by MAD Solutions.
January 17th, 2019 - 12:19 GMT

Screening of Animation Film The Tower at Reel Palestine's Annual Film Festival in UAE

Walid Gomaa Vice President Data Centre and Cloud  Solutions  Middle East Enterprise Business Group
January 17th, 2019 - 11:56 GMT

Huawei to demonstrate groundbreaking AI-driven safe city solutions at Intersec 2019

During the meeting
January 17th, 2019 - 11:51 GMT

Central Bank of the UAE Holds Its 1st Board of Directors Meeting for 2019

Ford F-Series marks 42 straight years as America’s best-selling pickup, topping 900,000 sold in 2018
January 17th, 2019 - 11:38 GMT

Ford Celebrates Four Decades of Truck and Commercial Vehicle Dominance

The similar packages are available for Premium passenger Car, namely Cadenza, Soul and Large 4x4 Mohave.
January 17th, 2019 - 11:34 GMT

KIA Offers Great Value During This DSF

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