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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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Thursday’s meeting at the Saudi Embassy also touched on Lebanon’s relations with Riyadh in various fields including economic, trade and social matters. (Shutterstock)
December 30th, 2018 - 10:34 GMT

Saudi Tourists Will Return to Lebanon When Government Forms

 Iranian Foreign Minister Zarif said the US would have to resort to policies that would drag the world into a chaotic state if it tried to actually shut down Iran’s oil exports. (Shutterstock)
December 30th, 2018 - 10:21 GMT

Will US Take Desperate Measures to Drag Iran Oil Exports to Zero?


The Iraqi prime minister said the talks were "extremely important to achieve a real outcome and make progress in the relationship between the two brotherly neighbouring countries". (Shutterstock)
December 30th, 2018 - 10:14 GMT

Jordan, Iraq to Boost Economic Ties With New Border Reopening

The main objective is to boost the competitiveness of the emirate. (Shutterstock)
December 30th, 2018 - 10:07 GMT

Will Waiving Customs Duties on Industry Sector Revive Abu Dhabi's Economy?

The aviation sector is expected to reach 20 percent over the next few years. (Shutterstock)
December 30th, 2018 - 10:00 GMT

Aviation Sector Contributes 15 Percent to UAE's GDP

Adequate training of inspection officers’ and their vigilance also prevented the smuggling of 6,720 ‘Lyrica’ pills. (Shutterstock)
December 30th, 2018 - 09:22 GMT

Dubai Customs Busts 922 Smuggling Attempts in 2018

Wasim Saifi, Deputy CEO - Consumer Banking and Wealth Management, Emirates Islamic.
December 30th, 2018 - 09:09 GMT

Emirates Islamic Launches ‘Cardless Cash Withdrawal’ Feature via Its Mobile Banking App

The plans make sure customers are always connected while keeping roaming costs down.
December 30th, 2018 - 08:56 GMT

Travel Worry-Free With Ooredoo’s Passport GCC Plans

Rixos Sharm El Sheikh.
December 30th, 2018 - 08:49 GMT

Rixos Sharm El Sheikh Debuts Soothing Spa Retreat for Total Relaxation

Cardholders can take advantage of exclusive discounts and spend offers for hotel stays, retail, dining, entertainment, and more, through promotions with Jumeirah Hotels & Resorts, Dubai Pass, Majid Al Futtaim Leisure and Entertainment, and Meraas. (Shutterstock)
December 30th, 2018 - 08:42 GMT

Visa Brings Exciting Deals to Help Cardholders Find Their Escape During This Dubai Shopping Festival

The most important challenges facing the KOC are to achieve the set goals and the need for a large number of drilling platforms in preparation for future projects. (Shutterstock)
December 30th, 2018 - 08:35 GMT

Kuwait Aims for 3.65 Million Bpd of Light Crude Production for 2023

‘A time bomb similar to real estate fraud’ (Shutterstock)
December 30th, 2018 - 08:30 GMT

Kuwait Warns Citizens Against Social Media Quick Bucks Scams

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