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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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EU: Aviation Bodies May Start Relying On Passenger Testing Over Quarantines
October 4th, 2020 - 06:30 GMT

EU: Aviation Bodies May Start Relying On Passenger Testing Over Quarantines

Mubadala Acquires 1.4 Percent Stake in India's Reliance Retail Unit for $843 Million
October 4th, 2020 - 06:00 GMT

Mubadala Acquires 1.4 Percent Stake in India's Reliance Retail Unit for $843 Million

Facebook, Twitter Suspend Accounts Linked to Russian Network
October 2nd, 2020 - 03:00 GMT

Twitter Removes 130 Iranian Accounts Attempting to Disrupt Trump-Biden Debate

UAE Expats' Remittances Exceed $21 Billion in H1
October 2nd, 2020 - 02:00 GMT

UAE Expats' Remittances Exceed $21 Billion in H1

India: Full Refund for Flight Tickets Booked During Lockdown Period
October 2nd, 2020 - 01:00 GMT

India: Full Refund for Flight Tickets Booked During Lockdown Period

Why It's The Right Time to Invest in Dubai's Properties
October 2nd, 2020 - 12:00 GMT

Why It's The Right Time to Invest in Dubai's Properties

Arabs Love for Coffee Is Revolutionizing the Industry in the Region
October 1st, 2020 - 02:00 GMT

Arabs Love for Coffee Is Revolutionizing the Industry in the Region

Saudi Arabia to Reduce Spending in 2021 by 7.5 Percent
October 1st, 2020 - 01:00 GMT

Saudi Arabia to Reduce Spending in 2021 by 7.5 Percent

Japan: Tokyo Stock Exchange to Stop Trading All Day Due to System Glitch
October 1st, 2020 - 12:30 GMT

Japan: Tokyo Stock Exchange to Stop Trading All Day Due to System Glitch

Flight Staff of KLM Agree on Temporary Wage Cuts
October 1st, 2020 - 12:00 GMT

Flight Staff of KLM Agree on Temporary Wage Cuts

American Airlines to Furlough 19,000 Employees
October 1st, 2020 - 11:30 GMT

American Airlines to Furlough 19,000 Employees

IAEA Inspects Second Suspected Secret Atomic Site in Iran
October 1st, 2020 - 11:00 GMT

IAEA Inspects Second Suspected Secret Atomic Site in Iran

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