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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 new report shows that Egypt, Angola, Nigeria, South Africa, and Morocco, account for 68 percent of Africa's total banking revenue pool. (Shutterstock)
March 5th, 2018 - 10:24 GMT

Egypt’s Banking Sector Among Top 5 in Africa: Report

Dr Aisha bin Bishr, Director General Smart Dubai Office
March 5th, 2018 - 10:18 GMT

Middle East and North Africa's IT Spending to Reach $155 Billion in 2018: Gartner

Ahmed Bin Sulayem, Executive Chairman, DMCC
March 5th, 2018 - 09:57 GMT

DMCC to Host 7th Dubai Precious Metals Conference This April

The Galaxy S9+ was selected for its refined design, advanced camera and outstanding performance.
March 5th, 2018 - 09:49 GMT

Samsung Galaxy S9+ Wins 'Best New Connected Device' at MWC 2018

The world-class wildlife park has welcomed new arrivals.
March 5th, 2018 - 09:37 GMT

Dubai Safari Welcomes 175 New-Born Representing 30 Species

From 1st March until 8th March, the festival is educating visitors about Palm Frond Braiding (Saf Al Khos).
March 5th, 2018 - 09:19 GMT

Dubai Culture’s ‘Live our Heritage Festival’ Showcases Traditional Palm Frond Braiding Handicraft

Burgan Bank customers can look forward to increased affordability and satisfaction while using any of their credit cards to purchase British Airways tickets.
March 5th, 2018 - 09:09 GMT

Burgan Bank Renews Its Partnership With British Airways for the Second Consecutive Year

During the meeting, shareholders approved the recommendation of the Board of Directors to distribute a cash dividend of 35 percent of the nominal share value.
March 5th, 2018 - 08:45 GMT

Ooredoo Qatar Holds Annual General Meeting 2018

Sami Al Qamzi, Director General of DED
March 5th, 2018 - 08:36 GMT

Dubai SME Introduces Regulations for Business Accelerators and Incubators

Majid Al Futtaim collaborated with Visa from 25 November – 25 December 2017 to give Visa cardholders across the region the chance to win this trip of a lifetime.
March 5th, 2018 - 08:19 GMT

Majid Al Futtaim Shoppers Win Once-In-A-Lifetime Chance to Attend 2018 FIFA World Cup in Russia

Khalid Jasim Al Midfa, Chairman, Sharjah Commerce and Tourism Development Authority.
March 5th, 2018 - 07:39 GMT

Sharjah Tourism Development Authority to Showcase City’s Top Tourist Initiatives at ITB Berlin 2018

The meeting focused on discussions on how to further enhance the bilateral relations of the two countries, especially in the field of health--covering the seamless exchange of knowledge, experience and training.
March 5th, 2018 - 07:18 GMT

UAE's Ministry of Health and Serbian Ambassador Discuss Bilateral Cooperation in the Health Sector

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