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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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Kosta Georgiadis, Head of Debt Advisory at Deloitte
February 22nd, 2018 - 05:42 GMT

Deloitte's 'GCC Powers of Construction' Report: If It’s Fundable, It’s Feasible

Profit for the year stood at $10.1 million (Dh37.3 million) compared to $8.6 million in 2016.
February 21st, 2018 - 01:56 GMT

Flydubai Records 17.4 Percent Increase in 2017 Profit

Red Sea resorts in Egypt will not welcome tourists under 16 years old. Do you agree with this decision? (Mohamed el-Shahed/ AFP)
February 21st, 2018 - 01:32 GMT

No Kids Zone: Egypt Says ‘No’ to Children in Red Sea Resorts

From lighting to focus, here are 10 simple tips to help you snap the perfect picture. (Shutterstock)
February 21st, 2018 - 12:58 GMT

How to Take Better Photos on Your Smartphone

If you’re worried about making the most of your final day at Gulfood, fear not, here are 10 of the best products on display.
February 21st, 2018 - 12:48 GMT

Top 10 Best Foods and Drinks on Display at Gulfood 2018

The 15th edition of WOW, organised by Viva International, celebrates the UAE Month of Innovation and Year of Zayed –central themes relevant to Dubai students.
February 21st, 2018 - 12:42 GMT

‘Week of Welcome’ Student Festival Celebrates Year of Zayed, UAE Innovation Month

Saleh Abdullah Al Abdooli, Group Chief Executive Officer, Etisalat
February 21st, 2018 - 12:29 GMT

Etisalat Profit Hits Dh8.2 Billion in 2017, up 5 Percent

The latest deal is designed to accommodate the needs of the bank's premier female customers.
February 21st, 2018 - 12:28 GMT

Burgan Bank Offers Discounts at the Yoga Center for 'Premier' Female Customers

Tunisian pavilion at Gulfood.
February 21st, 2018 - 12:25 GMT

40 Tunisian Companies Take Part in Gulfood 2018 in Dubai

A standard room at Al Bandar Rotana elegantly designed with a range of modern luxuries, and situated on a prime waterside location on Baniyas Road.
February 21st, 2018 - 12:20 GMT

Rotana Opens Al Bandar Rotana and Al Bandar Arjaan at Dubai Creek

MODUL University Dubai awarded a 100% scholarship to one lucky winner to pursue the MSc programme at the university.
February 21st, 2018 - 12:10 GMT

Modul University Dubai Education Partner at Gulf Sustainability and CSR Awards

George Haddad, President of Markazia and Iyad Shehadeh, founder of the Jordan Business Awards.
February 21st, 2018 - 12:09 GMT

Markazia Wins Jordan Business Award in ‘Automotive Company of the Year’ Category for 2017

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