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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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Researchers found that over a quarter (28 per cent) of retailers deployed AI in 2018. (Shutterstock)
January 3rd, 2019 - 08:47 GMT

What Retail Companies Lose by Not Deploying AI

the "negative list" of sectors where the full foreign ownership is not permitted contains 14 industries. (Shutterstock)
January 3rd, 2019 - 08:39 GMT

Foreign Investors in These Sectors Will Not Be Granted 100 Percent Ownership in UAE

Brands are increasingly using influencers as their ambassadors and banking on them to make their products popular with the target audience with a fair degree of success. (Shutterstock)
January 3rd, 2019 - 08:27 GMT

Influencer Marketing to Hit $10 Billion in 2020

Real estate, construction, services and ICT among leading sectors boosting workforce. (Shutterstock)
January 3rd, 2019 - 08:20 GMT

More Than 50 Percent of 2018 Employment in UAE Are Dubai-Based

The driverless cab can run at a speed of up to 35km per hour and can accommodate four people. (Shutterstock)
January 3rd, 2019 - 08:05 GMT

Driverless Taxi Starts Wandering the UAE’s Streets

During the event
January 3rd, 2019 - 08:01 GMT

TIM and Ericsson Make First 5G NR Video Call Using mmWave Spectrum in Europe

LG SL9YG Soundbar in the home.
January 3rd, 2019 - 07:47 GMT

LG’s Advanced 2019 Soundbars Raise the Bar for Home Theater Audio at CES 2019

During the event
January 3rd, 2019 - 07:39 GMT

Al Bustan Centre & Residence holds financial literacy seminar for employees

The offer includes a one-night stay in one of the hotel’s spacious rooms or luxurious suites at special rates with a great complimentary breakfast buffet.
January 3rd, 2019 - 07:20 GMT

Enjoy and Relax This Winter With Marina Hotel Kuwait Special Offer!

Travel the World in 90 Seconds on the Four Seasons Private Jet with long-time travel journalist Laura Begley Bloom.
January 3rd, 2019 - 06:45 GMT

Four Seasons Hotels and Resorts Announces 2020 Private Jet Itineraries

Emirates’ customers now have more reasons to start off the New Year and explore Dubai’s many attractions.
January 3rd, 2019 - 06:27 GMT

Start the New Year With Savings Through My Emirates Pass

During the event
January 3rd, 2019 - 06:00 GMT

Bahrain Tourism and Exhibitions Authority Launches the New Edition of the Bahrain Shopping Festival

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