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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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Kaeser believes Saudi Arabia will continue to be an attractive target for foreign investment. (Shutterstock)
January 13th, 2019 - 10:21 GMT

Siemens' CEO Warns Saudi Arabia About the Effects of Large-Scale Economic Change

Customers who sign up to a contract can instantly take advantage of these value-added plans.
January 13th, 2019 - 10:19 GMT

Ooredoo’s Fast Home Internet Plans Now Offer up to 750GB and More

Peninsula Dairy Farms produces vegetables on hydroponic farms, goat dairy products, as well as soap created from goat milk.
January 13th, 2019 - 10:17 GMT

Peninsula Dairy Farms Awarded ISO 22716 Good Manufacturing Practices Certificate by Intertek

Kaspersky Lab investigated Dark Web markets to find out how much personal data is worth, and how it is used by criminals.
January 13th, 2019 - 10:10 GMT

Your Digital Identity Could Be on Sale for Less Than $50 – New Dark Web Research From Kaspersky Lab Shows

Razzaz underscored that this soft loan is the largest the Kingdom has ever received from the World Bank. (Shutterstock)
January 13th, 2019 - 10:03 GMT

World Bank to Loan Jordan $1.2 Billion at Low Interest Rates

Carrefour Qatar, Blood Donation Campaign
January 13th, 2019 - 09:45 GMT

Carrefour Qatar Organises a Blood Donation Drive

The change in speculative flows marks a reversal from last month’s gloomy activities. (Shutterstock)
January 13th, 2019 - 09:43 GMT

Fluctuation of Oil Prices Affecting the Market's Sentiments

Department of Economic Development
January 13th, 2019 - 09:40 GMT

DED Sees 4.6 Percent Increase in New Licences in 2018 as Dubai Reinforces Investor Confidence

Nissan Service centers are equipped with the latest tools and devices and is managed by skilled, and trained service advisors.
January 13th, 2019 - 09:25 GMT

The Final Week for Nissan Al Babtain Aftersales Offer

Ghosn has been refused bail, has not been allowed to have lawyers present under questioning, and has been unable to meet with his family since his arrest. (Shutterstock)
January 13th, 2019 - 09:25 GMT

Ghosn's Arrest Arose Questions About Japan's Justice System

Soren Nikolajsen, Managing Director of Alawwal bank
January 13th, 2019 - 09:22 GMT

Alawwal Bank Becomes First Middle East Firm to Offer AI Training for All Staff

Bee'ah stand in WFES
January 13th, 2019 - 09:20 GMT

Bee’Ah Demonstrates Leadership in Sustainable Innovation at WFES 2019

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