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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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LG is working on its next flagship phone, to be launched in June. (Pixabay)
February 21st, 2018 - 07:00 GMT

LG's Next Smartphone Will Land in June, and It's Called ‘Judy’

The report said little relief was expected until Expo 2020. (File photo)
February 21st, 2018 - 06:00 GMT

Dubai Real Estate Slump to Continue for Another Two Years: Report

Mohammed Al Muallem, Chief Executive Officer & Managing Director, DP World – UAE Region
February 21st, 2018 - 05:46 GMT

Dubai Trade Honors Winners of 10th E-Services Excellence Award

Sultan bin Saeed Al Mansoori, UAE Minister of Economy
February 21st, 2018 - 05:40 GMT

UAE Ministry of Economy Launches New Innovative Guide for Companies

Facebook's stock price, since its IPO in 2012, has surged more than three-fold. But the best is yet to come. (Shutterstock)
February 20th, 2018 - 05:00 GMT

Facebook Will Continue to Be a Money-Making Machine: Here’s Why

Construction of Deira Mall will begin this year, with completion expected in 2021. (Courtesy of Nakheel)
February 20th, 2018 - 04:00 GMT

In Pictures: Nakheel Unveils New Mega-Mall in Dubai, Middle East's Biggest

Virgin Hyperloop One has announced its plan to build a hyperloop between the two Indian cities. (Shutterstock)
February 20th, 2018 - 02:53 GMT

Hyperloop in India: Virgin Turns Dream Into Reality for Pune and Mumbai

The U.S. dollar inched higher versus a basket of major currencies on Tuesday. Oil markets were split. (Shutterstock)
February 20th, 2018 - 02:07 GMT

Strong U.S. Dollar, Mixed Oil: Top 5 Things to Know in the Markets Today

Nokia introduces S-MVNO for Public Safety service, which enhances commercial LTE networks to meet mission critical requirements of public safety agencies.
February 20th, 2018 - 01:02 GMT

Nokia Introduces Services, Technology to Help Operators Address Needs of Digital Cities

The trophy was celebrated by thousands in Amman.
February 20th, 2018 - 01:00 GMT

Thousands Welcome 'The FIFA World Cup Trophy Tour' by Coca-Cola in Amman

During the bilateral discussions
February 20th, 2018 - 12:45 GMT

Obaid Humaid Al Tayer Meets Vice President and Finance Minister of Switzerland in Dubai

The insurance coverage of King Tut's belongings to be shown abroad was valued at $862 million, said Egypt's Minister of Antiquities Khaled El-Anany. (Shutterstock)
February 20th, 2018 - 12:33 GMT

King Tutankhamun’s Trip Abroad Costs Egypt $862 Million: Minister of Antiquities

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