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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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The Minister of Commerce announced 35,000 jobs for Saudis around the Kingdom. (Shutterstock)
January 8th, 2019 - 09:34 GMT

Saudization Continues, 35,000 Jobs Announced for Saudis Only

During the event
January 8th, 2019 - 09:32 GMT

Burgan Bank Conducts Emergency Evacuation Drill for Staff

Analysts say that the coming weeks could witness heavy volatility due to concerns regarding US government shutdown, Brexit uncertainty and flat global economic growth. (Shutterstock)
January 8th, 2019 - 09:15 GMT

Uncertainty Dominates the Oil, Equity Market Despite the Positive Momentum

Market likely to hit the bottom in a few months and pick up before Expo 2020. (Shutterstock)
January 8th, 2019 - 09:06 GMT

Dubai Real Estate Prices to Drop Down by 10 Percent

The phased growth plan will triple the scale of the financial hub. (Shutterstock)
January 8th, 2019 - 09:02 GMT

DIFC 2.0: Major Contributor to Shaping the Future of the World's Economy

Míchel Salgado, former Spain and Real Madrid defender, and current Assistant Coach to the Egyptian national team, lauds technology as major boon to the world of sport
January 8th, 2019 - 08:57 GMT

Microsoft Teams up With Real Madrid Legend for Open Cloud Innovation Day at Dubai Sports City

The country is unlikely to make its debt sustainable through fiscal adjustment because that would require a sharp decline in interest rates or substantial economic growth. (Shutterstock)
January 8th, 2019 - 08:51 GMT

Would Restructuring the Debt Help Lebanon Avoid a Financial Crisis?

During the event
January 8th, 2019 - 08:42 GMT

Al Ansari Exchange Donates $1 Million to Gavi, the Vaccine Alliance

Huawei today announced HUAWEI P smart 2019 for pre order until 8 January 2019.
January 8th, 2019 - 08:22 GMT

The New and Improved All-Rounder: Huawei Launches New Huawei P Smart 2019, Offering a Larger Screen and AI Dual Camera

Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term's expiration at the end of 2021, reports CNN. (Shutterstock)
January 8th, 2019 - 08:08 GMT

World Bank President Resigns to Join Private Firm

Mohammed Tariq Deen, General Manager
January 8th, 2019 - 08:03 GMT

Hilton Hotel Promoted Mohammed Tariq Deen as New GM

Many were forced to cut their prices by 15-20 percent to attract buyers, yet even that did little to improve the property market. (Shutterstock)
January 8th, 2019 - 08:01 GMT

Report: Real Estate Sales in Lebanon Plummets in 2018

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