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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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The new body will commence operations on March 1, and will be responsible for licensing all real estate professionals and developments in Bahrain. (Shutterstock)
March 1st, 2018 - 02:36 GMT

Bahrain Announces New Real Estate Regulatory Authority

The next stage of taxes in the UAE, and other GCC countries, could see taxes on remittances, entertainment, wealth and family dependents of expats. (File photo)
March 1st, 2018 - 02:18 GMT

Dependent Tax: New Wave of Taxes Coming to UAE?

You can bin those Post-It notes and notebooks now thanks to these 8 awesome apps. (Photo: Ulysses)
March 1st, 2018 - 01:06 GMT

Best 8 Apps to Take Notes in 2018

Burgan Bank's support of this initiative falls under its dynamic full-fledged community program entitled ‘ENGAGE’   – Together to be the change.
March 1st, 2018 - 12:55 GMT

Burgan Bank Sponsors Kuwait’s National Day Celebrations at Kuwait University

The ability to stand out in a rapidly over-crowded market is rapidly shifting from a 'source of competitive advantage' to a survival skill. (Shutterstock)
March 1st, 2018 - 12:55 GMT

Dare to Be Different: 10 Tips to Stand out as a Freelancer Today

Raed Mohammed Dawood, Director of Government Relations and Corporate Affairs
March 1st, 2018 - 12:47 GMT

Ooredoo Oman Warns Customers to Remain Vigilant When It Comes to Scam Callers

Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance
March 1st, 2018 - 12:40 GMT

UAE Ministry of Finance Issues Financial Circular No. (1) of 2018

Jordan’s hospitality sector is growing at a rapid pace and is expected to create 20,000 additional jobs by 2020.
March 1st, 2018 - 12:23 GMT

26 Jordanian Hotels Take Part in Tourism Training Programme

Over the last 15 years, Turkey signed trade deals with some 45 African countries and quadrupled the number of investment deals from six to 26. (Pictured here: Recep Tayyip Erdogan, Turkish president/ File photo)
March 1st, 2018 - 12:17 GMT

Turkey's Trade in Africa Has Never Been Better, and This Infographic Proves It

Even touching your mobile phone while driving will be considered a traffic violation for which motorists will be fined SR150. (Shutterstock)
March 1st, 2018 - 12:04 GMT

Use of Mobile Phone While Driving a 'Traffic Violation': Saudi Arabia

BP predicts that the Middle East will remain “the largest oil producer and the second largest gas producer” until 2040. (Shutterstock)
March 1st, 2018 - 11:57 GMT

Middle East to Remain Largest Oil Producer Until 2040: BP

British Airways purser and The Royal Guard in London full-body.
March 1st, 2018 - 11:57 GMT

Don’t Miss the View From Above When You Travel With British Airways

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