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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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Any person, who commits any act of discrimination of any form by any means of expression or by any other means, shall be sentenced to imprisonment for a period not less than five years, and by a fine not less than Dh500,000 and not exceeding Dh1 million or either one of these two penalties. (Shutterstock)
December 31st, 2018 - 07:33 GMT

Companies in UAE Can Be Fined up to Dh1 Million If Charged With Discrimination

A Danish couple, purchasing a 1,999 dirham camera, pushed DDF through the $2 billion barrier — and were presented with a $2,000 gift card. (Shutterstock)
December 31st, 2018 - 07:25 GMT

Dubai Duty Free Sales Breaks the Record in 2018

Emirates also said in a statement it was monitoring the situation but did not have anything to announce at this time. (File/Photo)
December 31st, 2018 - 07:20 GMT

UAE Aviation Regulator Evaluates Resuming Flights to Syria

Mr. Mirwais Aziz and HH Sheikh Mohammed Bin Rashed Al Maktoum.
December 30th, 2018 - 01:39 GMT

Azizi Developments Sponsors HH Sheikh Mohammed bin Rashid Al Maktoum Endurance Festival for Second Time

Specialised Courses Conclusion 2018.
December 30th, 2018 - 01:30 GMT

Shell Intilaaqah’s ‘Aspire and Inspire’ Programme Hones Talent of Omani Entrepreneurs

HH Sheikh Abdullah bin Zayed Al Nahyan and HH Sheikh Hamdan bin Mhammed bin Rashid during MBRSC Science Event workshop 2017
December 30th, 2018 - 01:19 GMT

Mohammed bin Rashid Space Centre Welcomes 2019 With a High-Level Science Event

LG UltraGear.
December 30th, 2018 - 01:14 GMT

Lineup of New “Ultra” Monitors From LG Coming to CES

Ahmad Bin Shafar, CEO of Empower.
December 30th, 2018 - 01:03 GMT

Empower Eases Customer Bill Payments Through Noor Bank E-Services at No Extra Charge

OFFTEC Becomes Exclusive Representative for Tibco Software Inc. in Jordan
December 30th, 2018 - 12:57 GMT

OFFTEC Becomes Exclusive Representative for TIBCO Software Inc. in Jordan

QF member initiative aims to help children learn to control diabetes
December 30th, 2018 - 12:51 GMT

Qatar Diabetes Association Opens 19th Edition of Al Bawasil Diabetes Camp

ADNOC Premuim Inspection
December 30th, 2018 - 12:40 GMT

ADNOC Distribution Launches ‘Premium Vehicle Inspection’ Service in Abu Dhabi

Eight innovative new C-Lab projects as well as commercial products from eight spin-offs to be showcased. (Shutterstock)
December 30th, 2018 - 12:29 GMT

Samsung C-Lab to Reveal Eight New AI Projects at CES 2019

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