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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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Gulf Air is expected to buy 39 new Boeing and Airbus aircrafts this year. (Shutterstock)
February 27th, 2018 - 12:42 GMT

Bahrain’s Gulf Air Plans Major Expansion for 2018

The new Peugeot sedan 508.
February 27th, 2018 - 12:34 GMT

Peugeot Unveils New Generation of 508

The Queen Alia International Airport (QAIA) marked a significant increase of 8.2% in year-to-year passenger in January 2018. (Shutterstock)
February 27th, 2018 - 12:27 GMT

Jordan's Queen Alia International Airport Welcomes Over 620,000 Passengers in January

Costing around Dh700 million, "Art of Living Mall" will open in September 2018.
February 27th, 2018 - 12:14 GMT

Dubai to Have New Shopping Mall for Home Furnishing Products

Over 30 international and four Emirati artists will create and showcase their work in public view at Show Street. (Pixabay)
February 27th, 2018 - 12:05 GMT

Dubai to Get Permanent 3D Murals

During the session, Ahmed Al Sayegh explored the importance of regulation, innovation and a global outlook in order to create the next generation of great UAE companies.
February 27th, 2018 - 11:44 GMT

First Abu Dhabi Bank Hosts ADGM Chairman at Ninth Global Financial Markets Forum

The event was accredited locally by the Qatar Council for Healthcare Practitioners-Accreditation Department.
February 27th, 2018 - 11:20 GMT

Experts Discuss Student Wellness at WCM-Q Symposium

The average salary for expats in Dubai is $138,177 (Dh507,110) per year, ranking the emirate at number 11 among the top 30 global cities. (Shutterstock)
February 27th, 2018 - 10:39 GMT

Expats in Dubai Earn More Than Most of the Global Cities: Survey

Several senior officials were replaced on Monday night in a sudden move by King Salman. (AFP)
February 27th, 2018 - 10:36 GMT

Saudi Arabia: King Salman Replaces Key Staff in Sudden Government Shake-up

Ian Dench, CEO of Ooredoo Oman
February 27th, 2018 - 10:23 GMT

Ooredoo, Matrixx Partner to Provide Personalized, Digital Mobile Plans in Oman

Alef Education, founded in 2015, publicly launched the Alef platform in 2017.
February 27th, 2018 - 10:16 GMT

Alef Education Showcases Immersive ‘Mars Experience’ at GESS 2018

Saeed Al Nabouda, Acting Director General of Dubai Culture
February 27th, 2018 - 10:11 GMT

Dubai Culture Launches 5th Edition of Dubai Art Season

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