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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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Annual inflation in Egypt was up by 14.4% in February. (Shutterstock)
March 17th, 2019 - 08:35 GMT

Egypt's Inflation Soars Due to Increase in Prices of Food Commodities

A total of 582 expat nurses have lost their jobs as 449 Omani nurses were hired over the last two years. (Shutterstock)
March 17th, 2019 - 08:28 GMT

Omanization Hits the Nursing Sector Resulting in the Loss of Over 500 Job

The index says the best cities offering a positive experience for its citizens include Singapore, London, New York, Dubai, Seoul and Barcelona. (Shutterstock)
March 17th, 2019 - 08:18 GMT

Dubai One of the Top 5 Smart Cities in the World

Eligible loans include auto loans, overdraft facilities and credit card balances, but will exclude mortgage loans and loans for shares or deposits. (Shutterstock)
March 17th, 2019 - 08:09 GMT

UAE Launches New Loan Scheme for Nationals

Government should look into it in order to attract more investment in manufacturing sector. (Shutterstock)
March 17th, 2019 - 08:00 GMT

Investors Demand Taxes on Trucks to Be Reviewed in UAE

Lebanon launched a crackdown on corruption, leading to the arrest of dozens of people in ministries and official departments. (Shutterstock)
March 17th, 2019 - 07:50 GMT

Lebanon to Combat Corruption With New 'Anti-Corruption Commission'

Over the last four years there has been a diverse shift in the demographic mix of Saudi Arabia’s labor market. (Shutterstock)
March 17th, 2019 - 07:08 GMT

The Role of Saudi Women in Real Estate Sector

Qatar witnessed a further increase in employment in February. (Shutterstock)
March 16th, 2019 - 08:11 GMT

More Jobs in Qatar Despite Blockade

Turkey continues to be holiday hub for Russia. (Shutterstock)
March 16th, 2019 - 07:58 GMT

Russian Tourists Boost Turkey's Tourism

The reasons for cancellation of the $3.2bn oil facility by the UAE could not be immediately ascertained. (Shutterstock)
March 15th, 2019 - 07:12 GMT

Pakistan Fails to Secure $3.2 Billion UAE Oil Facility

Libya’s total oil production currently stands at around 1.17m bpd, according to Bloomberg. (Shutterstock)
March 15th, 2019 - 06:43 GMT

Libya’s High Oil Production Puts Pressure on OPEC Deal

The Emirate is in the top spot globally in terms of high-end technology transfers. (Shutterstock)
March 15th, 2019 - 06:39 GMT

More Than $21 Billion Invested in AI and Robotics in Dubai

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