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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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Saud Abu Al Shawareb, Abdulla Belhoul, Yousuf Ali M.A and Salim M.A during the signing agreement.
March 5th, 2018 - 11:59 GMT

Dubai Wholesale City Signs Dh300 Million Agreement With Lulu Group

Ford Middle East is expecting to further grow its volumes this year.
March 5th, 2018 - 11:53 GMT

Ford Transit, Fastest Growing Van Brand, Triples Its Middle East Sales in 2017

On Sunday, President Sheikh Khalifa bin Zayed Al Nahyan issued a decree establishing the new firm. (Photo: Wam)
March 5th, 2018 - 11:33 GMT

Abu Dhabi Sets up Dh500 Million Body to Regulate Government Firms

The Fund allocated an AED103 million concessionary loan for the Tirana River Rehabilitation project in 2013.
March 5th, 2018 - 11:32 GMT

Abu Dhabi Fund for Development Finances Strategic Projects in Albania Worth Dh424 Million

Cochlear implants are devices that can provide sound for people who receive little or no benefit from hearing aids.
March 5th, 2018 - 11:10 GMT

HMC Provides the Gift of Good Hearing to Thousands of Patients

The final agreement been signed between DP World and the Dubai government.
March 5th, 2018 - 11:04 GMT

DP World to Begin Work on Somaliland Free Zone

The new business class cabin features a social area – a mini lounge with snacks, sandwiches, fruits, and beverages. (Photo: Emirates)
March 5th, 2018 - 10:58 GMT

Emirates Unveils New Business Class, and We Love It! (Photos)

STC has already deployed multiple 4G layers across various frequencies. (Shutterstock)
March 5th, 2018 - 10:53 GMT

LTE Advanced, NB-IoT Drive STC 4G Expansion in Saudi Arabia

The two countries agreed to activate a $10 billion investment fund late on Sunday during a visit to Cairo by Saudi Crown Prince Mohammed bin Salman. (AFP)
March 5th, 2018 - 10:53 GMT

Egypt, Saudi Arabia Launch $10 Billion Investment Fund on Crown Prince's Visit

By visiting DED’s social media platforms, customers can now present ideas and distinguished solutions that can play a major role in simplifying procedures and achieving customers happiness.
March 5th, 2018 - 10:38 GMT

DED-Ajman Invites Customers to Participate in the Development of Major Services

Hicham Hankir, Assistant Executive Manager, City Centre Rotana Doha
March 5th, 2018 - 10:30 GMT

City Centre Rotana Doha Appoints Hicham Hankir as Assistant Executive Manager

Here is some financial advice for all the single women out there. (Shutterstock)
March 5th, 2018 - 10:27 GMT

How to Save Money When You're a Single Woman in Dubai

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