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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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Omar Al Banna, Manager Sharjah and Northern Emirates at Emirates.
January 7th, 2019 - 10:36 GMT

Emirates Announces the Appointment of 10 UAE Nationals to Key Commercial Positions in the Middle East, GCC and Africa

The government is likely to take into consideration the experience of certain countries when drafting the new bill. (Shutterstock)
January 7th, 2019 - 10:29 GMT

Kuwait Mulls Control Over Social Media Accounts

Palace Residences bring a boutique waterfront living experience for residents with branded 1, 2, 3 and 4-bedroom apartments.
January 7th, 2019 - 10:28 GMT

Dubai Creek Harbour launches ‘Palace Residences’ by Address Hotels + Resorts for boutique waterfront living, with spectacular views

Minister of Health Dr Bassel Al-Sabah says the number of expatriate employees of the ministry’s subsidiaries whose ages exceed 55 years old is 3,707. (Shutterstock)
January 7th, 2019 - 10:21 GMT

More Than 3,000 Expats' Contracts to Be Terminated in Kuwait

Tejas Goenka, Executive Director
January 7th, 2019 - 10:18 GMT

Tally Solutions Launches Its VAT Ready Software – Tally.ERP 9 Release 6.5

The R.E.A.D. System can optimize and personalize a vehicle cabin space by analyzing a driver’s emotional state in real-time through AI-based bio-signal recognition technology.
January 7th, 2019 - 10:03 GMT

Kia Looks to Post-Autonomous Driving Era at CES 2019

The customs tax on EVs has been increased from zero to 25 per cent as of January 1. (Shutterstock)
January 7th, 2019 - 09:43 GMT

'Surprise' Increase on Electric Vehicles' Tax in Jordan

Jonghee Han, President of Visual Display Business at Samsung Electronics
January 7th, 2019 - 09:26 GMT

Samsung Unveils the Future of Displays With Groundbreaking Modular Micro Led Technology at CES

Most of the complaints in Saudi Arabia and the UAE come not from the consumers but businesses unsure about how to implement VAT on goods and services. (Shutterstock)
January 7th, 2019 - 09:26 GMT

VAT is GCC Countries’ Silver Lining in This Dire Phase

FIA World Rallycross
January 7th, 2019 - 09:08 GMT

Yas Island Reveals Incredible Line-Up of Events for the First Half of 2019

The Continental team working on the prototype for an automated tyre testing vehicle
January 7th, 2019 - 08:57 GMT

Continental Commissions First Driverless Tyre Test Vehicle

Syrian refugees in Turkey, Jordan and Lebanon could better contribute to local economies if they were trained for middle-skill jobs. (Shutterstock)
January 7th, 2019 - 08:56 GMT

Study: Syrian Refugees Can Aid Local Economies If Trained

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