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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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Saudi Arabia to Launch Local Alternative to WhatsApp
August 31st, 2020 - 01:00 GMT

Saudi Arabia to Launch Local Alternative to WhatsApp

Saudi Stock Exchange Launches First Derivatives Market, Clearing House
August 31st, 2020 - 12:30 GMT

Saudi Stock Exchange Launches First Derivatives Market, Clearing House

Saudi Arabia Bans Individuals from Importing E-Cigarettes
August 31st, 2020 - 12:00 GMT

Saudi Arabia Bans Individuals from Importing E-Cigarettes

UK: Economy Threatened to Lose Over $640 Billion Due to Working from Home
August 31st, 2020 - 11:30 GMT

UK: Economy Threatened to Lose Over $640 Billion Due to Working from Home

Qatar Announces Minimum Wage, Facilitates Job Transfer
August 31st, 2020 - 11:00 GMT

Qatar Announces Minimum Wage, Facilitates Job Transfer

Report: UAE GDP Registers First Annualized Contraction Since Q4 2017
August 31st, 2020 - 10:30 GMT

Report: UAE GDP Registers First Annualized Contraction Since Q4 2017

3 Factors Helped in Boosting the GCC Stock Markets this Month
August 31st, 2020 - 10:00 GMT

3 Factors Helped in Boosting the GCC Stock Markets this Month

UAE Property Deals Lure Israeli Investors
August 31st, 2020 - 09:30 GMT

UAE Property Deals Lure Israeli Investors

EgyptAir to Start Operating Daily Flights from Sharjah Soon
August 31st, 2020 - 09:00 GMT

EgyptAir to Start Operating Daily Flights from Sharjah Soon

Oman Rental Market Hit by Double Whammy: Pandemic, Low Oil Prices
August 31st, 2020 - 08:30 GMT

Oman Rental Market Hit by Double Whammy: Pandemic, Low Oil Prices

UAE, Israel to Collaborate on Projects In Food, Water Security
August 31st, 2020 - 08:00 GMT

UAE, Israel to Collaborate on Projects In Food, Water Security

Will COVID-19 Result In Mergers Between GCC Real Estate Companies?
August 31st, 2020 - 07:30 GMT

Will COVID-19 Result In Mergers Between GCC Real Estate Companies?

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