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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 UAE allocated Dh10.3 billion for education in 2019 budget. (Shutterstock)
March 21st, 2019 - 11:52 GMT

The Effect of Oversupply of Schools on UAE's Educational Sector

Egypt sought to raise more than EGP100 billion in the budget of 2016-2017. (Shutterstock)
March 21st, 2019 - 11:05 GMT

Egypt Aims to Reach 6.1 Percent GDP, 7.2 Percent Budget Deficit

Google has abused its market dominance by imposing a number of restrictive clauses in contracts with third-party websites which prevented Google's rivals from placing their search adverts on these websites. (Shutterstock)
March 21st, 2019 - 10:59 GMT

EU Fines Google for Third Time in 2 Years

Tourists from Germany ranked at the top of the arrivals list with 13 percent. (Shutterstock)
March 21st, 2019 - 10:14 GMT

Travel and Tourism Contribute to Egypt’s GDP by 11.9 Percent

Rents declined by 10-15 per cent in 2018 compared to 2017. (Shutterstock)
March 21st, 2019 - 09:38 GMT

Declining Expat Numbers Affects Oman's Rental Market

Small-scale development was evident in the fields of market sophistication, infrastructure, institutions, and business sophistication categories, according to Enterprise.
March 21st, 2019 - 08:46 GMT

Egypt Soars 10 Places in the 2018 Global Innovation Index

The recessionary indicators are numerous. (Shutterstock)
March 21st, 2019 - 08:40 GMT

Opinion: The Snowball Effect of the Coming Recession


Mazen Tarazi (Twitter)
March 21st, 2019 - 08:33 GMT

Syrian Businessman Linked to Assad Arrested in Kuwait

The net flow as a percentage of assets for Saudi Arabia funds increased by about 48 percent this year. (Shutterstock)
March 21st, 2019 - 08:27 GMT

Global Exchange Funds Build Cash Piles to Place in Saudi Arabian Equities

The streaming giant will continue to tighten its grip and make more shows available in the region, the CEO said. (Shutterstock)
March 21st, 2019 - 06:00 GMT

Netflix to Expand Its Audience in the Region

Amman, Jordan (Shutterstock)
March 21st, 2019 - 05:00 GMT

Jordan’s Public Debt Exceeds $40 Billion

Money laundering, bribery and corruption were identical at around 12 per cent. (Shutterstock)
March 20th, 2019 - 07:00 GMT

Survey: 44 Percent Have Fallen Victim to Financial Crime

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