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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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A series of momentous changes have given a huge boost to Saudi women’s ability to participate fully in public life. (Shutterstock)
January 2nd, 2019 - 08:38 GMT

2018 in the Eyes of Saudi Women

The forum will highlight the progress, achievements and the great efforts the Kingdom has made for the benefit of mankind and world peace. (Shutterstock)
January 2nd, 2019 - 08:33 GMT

Peace and Tolerance Forum to Be Held in Saudi Arabia

With advancement in technology, more goods are easily exploited in illegal online markets. (Shutterstock)
January 2nd, 2019 - 08:28 GMT

Technology, A Double Edged-Sword, Facilitates Illicit Trading

The new production facility will manufacture high performance Multi Fan Air Handling Units (AHU).
January 2nd, 2019 - 08:25 GMT

Shaker Group and LG Launch New Saudi Manufacturing Facility

Around Dh9.2 billion will be allocated for infrastructure spending in the Dubai 219 budget. (Shutterstock)
January 2nd, 2019 - 08:20 GMT

Dubai's Economy to Thrive with Dh56.8 Billion 2019 Budget

Investors likely to be back in the trading ring to cash in on low valuations. (Shutterstock)
January 2nd, 2019 - 08:14 GMT

UAE Markets to Recover in 2019

Eman Ali Abdulla Ebrahim, the Head of the Bank’s Central Operations department
January 2nd, 2019 - 08:13 GMT

BisB Appoints Eman Ali Abdulla to Head Its Central Operations

Millions of dirhams in fines were waived off during the five-month visa amnesty scheme that ended on December 31. (Twitter)
January 2nd, 2019 - 08:09 GMT

UAE Visa Amnesty Scheme Successful with 88 Percent Response Rate

The 2019 budget will create 2,498 new jobs (Shutterstock)
January 2nd, 2019 - 08:05 GMT

More Than 2000 New Jobs to Be Created in Dubai in 2019

During the event
January 2nd, 2019 - 08:02 GMT

Sohar International Reserves OMR 330,000 to Winners in the Upcoming Grand Draws

The company has also managed to validate its robust security system which has won the trust of worldwide customers over the last 30 years.
January 2nd, 2019 - 07:46 GMT

Huawei: A Highly Intricate Privacy-Related Foundation to Cater to Today’s Smartphone Users

Abdulaziz Bin Hathboor, Director of Customer Relation Division, BRL sector
January 2nd, 2019 - 07:38 GMT

DED: 1,882 'Instant Licences' Issued to Date in Dubai

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