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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 system will offer a convenience to drivers who are faced with an overcrowding of both parking and charging locations as electric vehicle numbers grow steadily.
January 6th, 2019 - 09:31 GMT

Hyundai Motor Group Unveils Innovative Electric Vehicle Charging and Automated Parking Systems Concept

Iranian Deputy Oil Minister for International Affairs and Trading Amir-Hossein Zamaninia said despite the U.S. sanctions more oil buyers have approached the country for negotiations. (Shutterstock)
January 6th, 2019 - 09:31 GMT

Number of Iran's Oil Buyers Increases Despite US Sanctions

Emaar Hospitality Group aims to cut down on water consumption across its hotels through an effective towel/linen programme and the introduction of new technologies.
January 6th, 2019 - 09:15 GMT

Emaar Hospitality Group Takes ‘the Pearl Pledge’ to Conserve Water and Marine Resources

Deloitte will be holding its flagship Middle East Tax Conference for the year 2019 in Dubai
January 6th, 2019 - 09:05 GMT

Deloitte Holds 2019 Middle East Tax Conference in Dubai: The Future of Tax Connected and Data Driven

The Association of Banks in Lebanon Friday dismissed as “baseless” two civil lawsuits filed in New York this week against more than 10 Lebanese banks. (Shutterstock)
January 6th, 2019 - 08:59 GMT

U.S. Lawsuits Against 10 Lebanese Banks Dismissed

During the event
January 6th, 2019 - 08:53 GMT

Dubai Investments Confirms Dh460 Million Fujairah Business Centre Project Ahead of Schedule

According to the premier, Jordanians contribute 26.5 per cent to the Treasury’s total revenues, in taxes and fees.(Shutterstock)
January 6th, 2019 - 08:51 GMT

Jordan: No Tax Hikes in 2019

Participants learn about region, visiting natural and cultural landmarks.
January 6th, 2019 - 08:40 GMT

QFI and GEEO Organize U.S. Educator Tour to Qatar and Oman

Shop owners described 2018 as “the worst year ever” (Shutterstock)
January 6th, 2019 - 08:36 GMT

Jordan's Jewelry Sector Witnesses Worst Year in Decade

During the event
January 6th, 2019 - 08:30 GMT

Almabarrah Alkhalifia Launches New Benefits for Rayaat Students

The program aims to improve independent thinking by encouraging questions and creating an environment conducive to respecting different viewpoints. (Shutterstock)
January 6th, 2019 - 08:24 GMT

Critical Thinking and Philosophy to Be Included in 2019 Saudi Schools' Curriculum

Since the campaign began in November 2017 the total number of offenders was 2,376,215, which included 1,846,252 for violating residency regulations, 364,636 for labor violations and 165,327 for border violations. (Pixabay)
January 6th, 2019 - 08:19 GMT

More Than 2 Million Expats Arrested in Saudi Arabia in 2018

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