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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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his accounts for 25.5 percent of Japan's total crude imports. (Shutterstock)
April 3rd, 2019 - 07:25 GMT

UAE Exports 22 Million Crude Oil Barrels to Japan in February

The forecast indicates a slight drop from previous projections by the World Bank, as a previous report earlier this year expected the Kingdom’s growth for 2019 to reach 2.3 per cent, 2.4 per cent in 2020 and 2.7 in 2021. (Shutterstock)
April 3rd, 2019 - 07:19 GMT

World Bank: Jordan Economy to Grow by 2.2 Percent in 2019

Bitcoin surged to near $20,000 in late 2017, the peak of a bubble driven by retail investors that pushed cryptocurrencies onto the agenda of mainstream financial firms. (Shutterstock)
April 3rd, 2019 - 07:11 GMT

Bitcoin Surpasses $5000 for the First Time in Five Months

A Saudi developer’s plan to harness the sun 24/7 is sparking a renewable energy revolution in the region. (Shutterstock)
April 3rd, 2019 - 06:31 GMT

Saudi Arabia Adopts New Technologies for Harnessing Solar Power

In the GCC, Saudi Arabia has the largest construction market, accounting for more than 33% of the market share, estimated to be valued at over $850 billion. (Shutterstock)
April 3rd, 2019 - 06:15 GMT

How the Construction Sector Nourishes Saudi Arabia's Economy

There are “other obstacles” that Jordanian produce exporters face when trying to export to Syria. (Shutterstock)
April 2nd, 2019 - 11:09 GMT

Jordan's Exports to Syria Plummet 70 Percent Despite Reopening of Border Crossing

Exactly 593,427 travelled via QAIA in February, marking a 9.2 per cent increase in passenger movement from 2018. (Shutterstock)
April 2nd, 2019 - 09:19 GMT

Over Half a Million Passengers Travelled Through Jordan's Airport in February 2019

The monthly average of the OPEC basket price hit USD 63.83 pb in February and USD 66.37 pb in March. (Shutterstock)
April 2nd, 2019 - 09:03 GMT

OPEC Basket Price Soar to $67.23 pb

2 of the top 5 countries for expat workers were GCC countries. (Shutterstock)
April 2nd, 2019 - 08:49 GMT

Video: 10 Best Countries for Expat Workers

Egypt's oil trade balance achieved for the first time in four years a surplus of $150.8 million. (Shutterstock)
April 2nd, 2019 - 07:59 GMT

Egypt's Oil Trade Balance Achieves Surplus of $150.8 Million

Governmental and commercial entities that go cashless are alleviated from all the burden and risk of handling cash. (YouTube)
April 2nd, 2019 - 07:48 GMT

Bahrain Entities Join the Cashless Field With TAM Dinar

Tunisia raised fuel prices by four percent on Saturday. (Shutterstock)
April 2nd, 2019 - 07:40 GMT

Tunisia Raises Fuel Prices by 4 Percent Amid Rise in Global Prices

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