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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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Pilots and cabin crew of the first biofuel flight with Etihad biofuel plane and ADNOC refuelling bowser
January 16th, 2019 - 09:53 GMT

Etihad Airways Flies the World’s First Flight Using Fuel Made in the UAE From Plants Grown in Saltwater by Khalifa University

Civil servants could receive a 20 per cent increase in their basic wages. (Shutterstock)
January 16th, 2019 - 09:45 GMT

Bahrain Indecisive About 20 Percent Increase in Basic Wages

A limited collection of 3 and 4-bedroom premium villas next to an 18-hole championship golf course, assuring strong return and value appreciation
January 16th, 2019 - 09:45 GMT

Following Strong Demand, Emaar Launches Phase II of Expo Golf Villas Near Expo 2020 Site

A section of UAE expats may not have seen much wage growth last year. (Shutterstock)
January 16th, 2019 - 09:43 GMT

Survey: UAE Among World’s Top 10 Destinations for Expats

Cybercriminals are targeting computers throughout the Middle East to mine cryptocurrencies. (Shutterstock)
January 16th, 2019 - 09:37 GMT

9 Tips for Retailers and Online Shoppers to Help Protect Them Against Cyber Threats

Kuwaiti rights groups have long called on the government to abolish its kafala system for expats, which has long been criticized as a form of bonded labor. (Shutterstock)
January 16th, 2019 - 09:17 GMT

Kuwait Considers Canceling Its 'Bonded Labor' System

During the event
January 16th, 2019 - 09:14 GMT

Dubai Chamber-Led Delegation Participates in World’s Largest Retail Expo in New York

Fadi Hani, Vice President – Middle East, Africa and Turkey, Avaya
January 16th, 2019 - 09:10 GMT

Latest Avaya Research Reveals That UAE Consumers Demand ‘Superservice’

The GCC banking sector has many banks serving small populations, driving intense competition and aggressive pricing policies. (Shutterstock)
January 16th, 2019 - 09:03 GMT

Slow Growth, Subdued Credit Demand Are Main Reasons Behind GCC Bank Mergers

The St. Regis Abu Dhabi’s signature day to night restaurant showcases one of the great cuisines of the world with aromatic and colourful Moroccan specialities.
January 16th, 2019 - 08:54 GMT

The St. Regis Abu Dhabi Launches New Exciting Theme Nights at the Terrace on the Corniche in 2019

Kia supplies 120 vehicles for official use during the tournament.
January 16th, 2019 - 08:47 GMT

Kia Hands Over Vehicle Fleet for Australian Open 2019

Between January and December 2018, the two airlines have jointly carried 3.29 million customers on codeshare flights across 84 destination.
January 16th, 2019 - 08:43 GMT

Emirates and flydubai Partnership Reaches New Heights

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