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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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Bupa Investments Raises Stake in Saudi's Bupa Arabia to 43.25 Percent
September 1st, 2020 - 10:00 GMT

Bupa Investments Raises Stake in Saudi's Bupa Arabia to 43.25 Percent

Turkey Aims At Reaching Space with Local Rockets
September 1st, 2020 - 09:30 GMT

Turkey Aims At Reaching Space with Local Rockets

Mastermind Behind Mitsubishi- Nissan Alliance Dies at 71
September 1st, 2020 - 09:00 GMT

Mastermind Behind Mitsubishi- Nissan Alliance Dies at 71

Opinion: Why Turkey Is Capable of Developing Its Black Sea Gas Find by 2023
September 1st, 2020 - 08:30 GMT

Opinion: Why Turkey Is Capable of Developing Its Black Sea Gas Find by 2023

TikTok Among Top Downloaded Apps in GCC
September 1st, 2020 - 08:00 GMT

TikTok Among Top Downloaded Apps in GCC

Egypt Inks First $2 Billion Islamic, Conventional Loan
September 1st, 2020 - 07:30 GMT

Egypt Inks First $2 Billion Islamic, Conventional Loan

India Witnesses Worst Economic Performance in At Least 24 Years
September 1st, 2020 - 07:00 GMT

India Witnesses Worst Economic Performance in At Least 24 Years

IATA: ME Carriers Register 14.9 Percent Plunge in July Cargo
September 1st, 2020 - 06:30 GMT

IATA: ME Carriers Register 14.9 Percent Plunge in July Cargo

4 Key Trends that Drive Demand for Flexible Space in ME
September 1st, 2020 - 06:00 GMT

4 Key Trends that Drive Demand for Flexible Space in ME

12 Facts You Need to Know About the Indian Billionaire Who Fled the UAE
August 31st, 2020 - 03:00 GMT

12 Facts You Need to Know About the Indian Billionaire Who Fled the UAE

Huawei Focuses on Its Cloud Computing Business to 'Secure Survival' Amid US Crackdown
August 31st, 2020 - 02:00 GMT

Huawei Focuses on Its Cloud Computing Business to 'Secure Survival' Amid US Crackdown

5 Elements to Consider When Buying A Term Insurance Plan
August 31st, 2020 - 01:30 GMT

5 Elements to Consider When Buying A Term Insurance Plan

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