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Musk leveraged SpaceX loans to support Tesla, SolarCity
April 25th, 2026 - 09:10 GMT
Osama Ali

Osama Ali

Musk leveraged SpaceX loans to support Tesla, SolarCity

ALBAWABA - The New York Times' research has shown how Elon Musk uses SpaceX as a primary source of funding to sustain his personal liquidity as well as other businesses in his portfolio. The study claims that Musk obtained large loans from SpaceX, starting with $100 million in 2018 and growing to over $500 million over the next years. These loans were secured by his firm shares and had interest ...
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The data of millions of Facebook users were exposed on public data servers used by third-party apps, cybersecurity firm UpGuard said Wednesday. (Shutterstock)
April 4th, 2019 - 08:16 GMT

Millions of Facebook User Records Exposed on Public Server

It is now Europeans’ turn to decide how they will establish connections and channel investment to areas that have been ignored and impoverished for too long. (Pixabay)
April 4th, 2019 - 08:01 GMT

Will We Witness a Durable Form of Globalization?

Boeing 737 MAX. (AFP)
April 4th, 2019 - 07:36 GMT

FAA Representative: Boeing Working Relentlessly to Make 737 Max Aircraft Safe

Ghosn's lawyer, Junichiro Hironaka, called the latest arrest "inappropriate". (Shutterstock)
April 4th, 2019 - 07:27 GMT

Nissan Ex-Chief Ghosn Arrested for Fourth Time in Japan

The dip in price is an opportunity for the customers to buy gold and jewelry on lower rates. (Shutterstock)
April 4th, 2019 - 07:01 GMT

It Might Not Be the Right Time to Trade in Gold

To mitigate this challenge, the UAE government is giving incentives to encourage Emiratis to have more interest in the profession. (File/Photo)
April 3rd, 2019 - 10:00 GMT

Why UAE Nationals Reluctant to Work in Health Sector

Lebanon will start drilling for gas in maritime Block 4 before the end of the year and intends to launch a second licensing round in January 2020. (Shutterstock)
April 3rd, 2019 - 09:18 GMT

Lebanon to Start Gas Drilling Before End of Year

Trump administration official says government is considering targeting areas of Iran's economy that have not been hit before. (Shutterstock)
April 3rd, 2019 - 09:13 GMT

US Mulls Targeting New Areas of Iran's Economy Through Additional Sanctions

Saudi Arabia’s Q4 2018 GDP figures indicated that the economy expanded 3.6 per cent y-o-y (+2.5 per cent y-o-y in Q3), driven by the expansion in the oil sector. (Shutterstock)
April 3rd, 2019 - 08:20 GMT

Saudi Economy Expands at Fastest Pace in 3 Years Due to Oil Sector's Recovery

The WB partly and indirectly attributed the revival of growth to policies that reduced the GCC’s reliance on oil revenues in addition to UAE’s investments in infrastructure in preparation to host Expo 2020. (Asharq Alawsat)
April 3rd, 2019 - 08:15 GMT

World Bank Projections on Countries' Region's Economy

The Turkish currency lost nearly 30 percent against the dollar last year in a sell-off sparked by concerns over the independence of the central bank and exacerbated by worsening ties with Washington. (Shutterstock)
April 3rd, 2019 - 07:50 GMT

Turkish Lira Drops Amid US Halting of Fighter Parts Delivery

Experts call on state to control prices so that citizens can feel impact of new decisions. (Shutterstock)
April 3rd, 2019 - 07:37 GMT

Egyptians Are Skeptical About Wage Raises

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