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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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GCC countries must invest in research and innovation to ensure a steady supply of high-quality chemicals. (Shutterstock)
March 14th, 2019 - 12:52 GMT

Research and Innovation Key to Oil Sector’s Sustainability' for GCC Countries

GCC countries this year will face weaker oil output compared to 2018 levels. (Shutterstock)
March 14th, 2019 - 11:32 GMT

Moody's: Weaker Oil Output to Put Pressure on GCC Deficits, Weaken External Positions

The COFE App founded in the summer of 2017 has already attracted venture capital investment from around the Arab world. (Shutterstock)
March 14th, 2019 - 11:12 GMT

Kuwait-Based App to Change Global Coffee Consumption Habits

Apple Is Losing Iranian Market Due to US Sanctions. (Shutterstock)
March 14th, 2019 - 09:47 GMT

Apple Is Losing Iranian Market Due to US Sanctions

Boeing Suspends 737 Max Operations After US Ban. (Trade Arabia)
March 14th, 2019 - 08:57 GMT

Boeing Suspends 737 Max Operations After US Ban

Oil Prices Increase as US Lowers Crude Production Estimates. (Shutterstock)
March 14th, 2019 - 08:27 GMT

Oil Prices Increase as US Lowers Crude Production Estimates

Bahrain Ranks Second on Forbes' List of Best Places for Women to Work. (Shutterstock)
March 14th, 2019 - 08:01 GMT

Bahrain Ranks Second on Forbes' List of Best Places for Women to Work

The fifth gas pipeline will be operational end of the current year. (Shutterstock)
March 14th, 2019 - 07:51 GMT

Kuwait to Boost Gas Production With New Gas Pipeline Inauguration

Iraq's Oil Exports Drop in February. (Shutterstock)
March 14th, 2019 - 07:37 GMT

Iraq's Oil Exports Drop in February

Egypt to Reduce Import Bill by Increasing Rice Cultivation. (Shutterstock)
March 14th, 2019 - 07:28 GMT

Egypt to Reduce Import Bill by Increasing Rice Cultivation

Cigarettes, alcohol, energy and soft drinks are going to be more expensive from June, when a new national tax is applied in Oman. (Shutterstock)
March 14th, 2019 - 07:19 GMT

'Sin Tax' to Be Enforced in Oman in June

Passenger traffic remained resilient in 2018 and is estimated to have reached 8.8 billion. (Shutterstock)
March 14th, 2019 - 07:09 GMT

DXB Remains World's Busiest Airport in 2018 With Over 88 Million Passengers

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