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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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Khalid Al Bustani, General of the Federal Tax Authority
February 28th, 2018 - 06:46 GMT

UAE Federal Tax Authority Approves First Batch of Tax Agents

Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO
February 28th, 2018 - 06:28 GMT

Adnoc Invites Global Financial Players to Invest in Future Growth Opportunities

Sheikh Ahmed Bin Saeed during the official launch of Dubai Maritime Virtual Cluster at DIBS 2018.
February 28th, 2018 - 06:26 GMT

DMCA Highlights Dubai Maritime Virtual Cluster Initiative at Dubai International Boat Show 2018

Net income was at 3.3 billion dirhams last year, from a revenue of 25.5 billion dirhams, which was 20 percent higher from the 17.1 billion dirhams posted in 2016.
February 28th, 2018 - 06:14 GMT

Emirates Global Aluminium Posts 59 Percent Increase in 2017 Net Profit

Tawfeg Ben-Omran, Head of Clinical and Metabolic Genetics
February 28th, 2018 - 06:06 GMT

HMC: Early Detection is Key to the Best Treatment of Rare Diseases

Dr. Mansoor Al Awar, Chancellor of HBMSU and Dr. Abdul Salam Al Madani, Chairman of INDEX Holding
February 28th, 2018 - 05:42 GMT

HBMSU Hosts a Roundtable Discussion on Innovation, Disruption and Transformation

A law on the promotion of digital start-ups and entrepreneurship has been adopted in Tunisia. (Pixabay)
February 27th, 2018 - 06:00 GMT

Tunisia Adopts Law to Promote Entrepreneurship, Digital Startups

The Middle East’s GDP is expected to grow 2.9 percent this year, up from just 1.1 percent in 2017. (AFP/ File)
February 27th, 2018 - 04:00 GMT

2018.. Turning Point for Middle East’s Economy?

"An unsettled mind will not make good decisions." - Warren Buffet to equity investors. (Shutterstock)
February 27th, 2018 - 01:18 GMT

Warren Buffett Just Bought More Shares of Apple, Should You Too?

The Samsung Galaxy S9 release date is set for March 16 globally, but you can pre-order the handset right now. (Courtesy of TechRadar)
February 27th, 2018 - 01:05 GMT

Samsung Galaxy S9 Review: Camera, Battery and Everything In Between

Ibrahim. S. Al-Suwayel, Deputy Governor for Investors’ Services and Consultancy.
February 27th, 2018 - 12:48 GMT

Saudi Investment Authority Extends License Period for Foreign Investment

The UAE Armed Forces signed deals worth more than Dh291 million ($72 million) with various companies during the first day of the exhibition. (Courtesy of UMEX)
February 27th, 2018 - 12:47 GMT

Drones and Unmanned Systems: Military Exhibition Kicks off in Abu Dhabi

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