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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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The grant was announced at a signing ceremony hosted by Siemens, in partnership with three universities.
February 20th, 2018 - 12:31 GMT

Siemens Announces Largest-Ever Software Grant in Egypt to Support Education

Dilhan Ferando, Founder of Dilmah and Merill J Fernando
February 20th, 2018 - 12:19 GMT

Dilmah Looks to Expand Footprint in GCC Region

The initiative aims to pay tribute to Sheikh Zayed’s inspirational and honourable virtues.
February 20th, 2018 - 12:10 GMT

Emirates Hospital Honours ‘Year of Zayed’ With Large-Scale Poster

Customers can subscribe through the dedicated Ooredoo Oman App and select Roaming then the country they will be visiting.
February 20th, 2018 - 12:09 GMT

Ooredoo Passport GCC Makes Data Roaming Even Easier

Pakistan is the riskiest country to be born in, according to a report by UNICEF. (Shutterstock)
February 20th, 2018 - 12:09 GMT

Pakistan Riskiest, Japan Safest Country to Be Born In: Report

The tickets for Dubai Frame are priced at AED 50 for adults and AED 20 for children.
February 20th, 2018 - 12:05 GMT

Dubai Municipality Extends Opening Hours of Dubai Frame

Ahmad Al Kaabi, RTA’s Executive Director of Finance
February 20th, 2018 - 12:04 GMT

EmiratesNBD: Pay Roads and Transport Authority Fines in Instalments

Emirates will operate a special one-off A380 service to Beirut on 29 March.
February 20th, 2018 - 11:50 GMT

Emirates Operates First One-Off A380 Service to Beirut

Israel on Monday announced two agreements, worth $15 billion, to export Israeli natural gas to Egypt. Israeli Prime Minister Benjamin Netanyahu calls it a 'historic agreement'. (AFP/ File)
February 20th, 2018 - 11:46 GMT

Israel's $15 Billion Gas Deal With Egypt a 'Historic Agreement': Netanyahu

Mohamed El Sherif, a Bariatric Endocrinologist at the Qatar Metabolic Institute
February 20th, 2018 - 11:37 GMT

HMC: National Obesity Treatment Center Helps Preventing Type 2 Diabetes in Obese Patients

The agreement was signed on the sidelines of DWSC’s participation in Gulfood 2018.
February 20th, 2018 - 11:31 GMT

Dubai Wholesale City Hosts Largest Cash and Carry Facility in the Region

The new law is regarded as an essential element in the drive to diversify the economy away from oil dependency. (File photo)
February 20th, 2018 - 11:24 GMT

New Bankruptcy Law, a 'Step Forward' for Saudi Arabia: Experts

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