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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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HSBC Launches Tokenised Deposit Service in the UAE, Connecting Global Liquidity Across Key Financial Markets
June 22nd, 2026 - 07:34 GMT

HSBC Launches Tokenised Deposit Service in the UAE, Connecting Global Liquidity Across Key Financial Markets

Union Coop Visits Senior Happiness Centre in Dubai to Celebrate Father's Day
June 22nd, 2026 - 07:33 GMT

Union Coop Visits Senior Happiness Centre in Dubai to Celebrate Father's Day

Wilo and DP World expand partnership on sustainable water technology and smart logistics
June 22nd, 2026 - 07:17 GMT

Wilo and DP World expand partnership on sustainable water technology and smart logistics

Middle East Retail Real Estate Leaders to Rethink Operating Models Amid Sector Transformation, BCG Report Finds
June 22nd, 2026 - 07:00 GMT

Middle East Retail Real Estate Leaders to Rethink Operating Models Amid Sector Transformation, BCG Report Finds

Azizi Developments reaches 66% construction completion at Creek Views III
June 22nd, 2026 - 06:52 GMT

Azizi Developments reaches 66% construction completion at Creek Views III

Midea Dubai Schools Games Concludes Thrilling Basketball, Indoor Cricket, and Wall Climbing Championships
June 22nd, 2026 - 04:38 GMT

Midea Dubai Schools Games Concludes Thrilling Basketball, Indoor Cricket, and Wall Climbing Championships

Lexus Introduces All-New Electrified RZ500e to Middle East
June 22nd, 2026 - 04:38 GMT

Lexus Introduces All-New Electrified RZ500e to Middle East

Boursa Kuwait: Solidarity with refugees is an investment in our shared future and a pillar of the community’s stability
June 22nd, 2026 - 04:29 GMT

Boursa Kuwait: Solidarity with refugees is an investment in our shared future and a pillar of the community’s stability

Digits for Good: Ooredoo’s Vanity Number Auction Returns
June 22nd, 2026 - 04:29 GMT

Digits for Good: Ooredoo’s Vanity Number Auction Returns

stc continues to develop its partnerships with entrepreneurs through "Weyak"
June 22nd, 2026 - 04:29 GMT

stc continues to develop its partnerships with entrepreneurs through "Weyak"

Department of Statistics & Orange Jordan Signed an Agreement to Implement Software Services for the 2026 General Population and Housing Census
June 22nd, 2026 - 04:29 GMT

Department of Statistics & Orange Jordan Signed an Agreement to Implement Software Services for the 2026 General Population and Housing Census

Dubai Customs Completes Phase Two of "Masar 33"
June 22nd, 2026 - 04:17 GMT

Dubai Customs Completes Phase Two of "Masar 33"

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