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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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Fintech companies are being launched every now and then, mostly in countries like Egypt, UAE and Lebanon. (Shutterstock)
February 22nd, 2018 - 01:30 GMT

Souqalmal, BitOasis: 10 of the Most Innovative Fintech Firms in the Mena Region

DIB Board of Directors during Annual General Meeting Assembly.
February 22nd, 2018 - 01:16 GMT

Dubai Islamic Bank Hosts Annual General Meeting

Both models will roll out globally in key regions such as Europe, Asia and the Middle East.
February 22nd, 2018 - 01:11 GMT

LG to Unveil More Advanced K10 and K8 Series Smartphones at MWC 2018

Abdulwahed Juma, Executive Vice President of Brands and Corporate Communications
February 22nd, 2018 - 12:58 GMT

du Recognised for CSR Initiative at 2018 Gulf Sustainability and CSR Awards

Not all cryptocurrencies have crashed this year, with some of the more resilient names, covered here, catching traders by surprise. (Shutterstock)
February 22nd, 2018 - 12:46 GMT

5 Best-Performing Cryptocurrencies so Far in 2018

The Australian delegation was led by Niall Blair, Minister for Primary Industries, Minister for Regional Water, and Minister for Trade and Industry for New South Wales.
February 22nd, 2018 - 12:44 GMT

Dubai Exports Briefs 3 Overseas Delegations on Dubai’s Competitive Advantages at Gulfood 2018

Happiness is no longer a choice for companies wishing to maximize return on their most valuable investments: their people. (File photo)
February 22nd, 2018 - 12:24 GMT

Why Happiness at Work Matters, and How to Make People Happy

Bitcoin and other cryptocurrencies could be used to send funds to Iran, bypassing sanctions imposed by the US. (AFP/ File)
February 22nd, 2018 - 12:07 GMT

Iran Could Turn to Its Own Cryptocurrency, to Avoid US Sanctions

In each family category there are specific fare rules, and also a different price range for each fare type.
February 22nd, 2018 - 12:00 GMT

Saudia Introduces New Domestic Travel Packages

Waleed Fatani, Chief Executive Officer of Saudi Fransi Capital
February 22nd, 2018 - 11:54 GMT

Saudi Fransi Capital Appoints HSBC as Its Fund Manager

The bank’s board accepted Al Musalami’s resignation at its meeting held on February 21, 2018.
February 22nd, 2018 - 11:42 GMT

National Bank of Oman CEO Resigns

IIPIEP 2018 held at Grand Hyatt Dubai attended by industry experts, innovators, and decision-makers.
February 22nd, 2018 - 11:34 GMT

New Islamic Economy Products Unveiled in Dubai

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