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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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Expats Can Hold Senior Positions for 3 Years Only (shutterstock)
January 17th, 2019 - 09:33 GMT

Expats Can Hold Senior Positions for 3 Years Only

During the event
January 17th, 2019 - 09:17 GMT

Falconcity of Wonders LLC Hosts Visiting Official US Delegation

Property sales to foreigners posted an annual hike of 78.4 percent to reach 39,663 houses. (Shutterstock)
January 17th, 2019 - 09:07 GMT

Over 1.37 Million Houses Sold in Turkey in 2018

The annual inflation rate in Tunisia reached a near-30-year high in 2018. (Shutterstock)
January 17th, 2019 - 08:58 GMT

Economic Indicators Raise Concerns for Instability in Tunisia

Perfectly situated in the heart of downtown Abu Dhabi, close to all the major areas of interest including Al Wahda Mall and the Corniche.
January 17th, 2019 - 08:45 GMT

Marriott Downtown: Valentine’s Day in the Heart of Abu Dhabi

Siemens will also deploy its flexible long-term maintenance concept, which helps increase plant performance and optimize maintenance costs through data analytics.
January 17th, 2019 - 08:23 GMT

Siemens and QPOWER Sign Service Agreement Extension for Ras Laffan Power Plant in Qatar

The video-sharing platform is currently testing the feature with some users on its main desktop page. (Shutterstock)
January 17th, 2019 - 08:11 GMT

YouTube Tests New Feature to Improve User Experience

The total value of the NEOM Bay development has not been disclosed. (Arab News)
January 17th, 2019 - 08:07 GMT

Saudi Arabia to Commence Developing $500 Billion Mega-City

The chamber's exports last year hit JD4.280 billion compared with JD3.896 billion in 2017. (Shutterstock)
January 17th, 2019 - 07:45 GMT

Jordan's Exports Soars 10 Percent in 2018

The offer is valid until 31st May 2019, subject to availability and local fees and taxes.
January 17th, 2019 - 07:43 GMT

Your Stay Is on Us at Bab Al Qasr Hotel & Residences

Media reports suggested that flydubai will resume flights to Damascus. (File/Photo)
January 17th, 2019 - 07:38 GMT

flydubai Considers Resuming Flights to Damascus

Show Me the Money!” report calls for sports to embrace technology innovation to broaden their appeal amongst new audiences.
January 17th, 2019 - 07:36 GMT

Digital Technology Hailed as Defining Tipping Point for Sports Revenue Growth in 2019 by Key Industry Influencers

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