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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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11 per cent growth will be seen in Middle East billionaires during 2018-2023. (Shutterstock)
March 7th, 2019 - 08:59 GMT

Over 60,000 Millionaires in Dubai by 2023

UAE Keen on Accelerating AI Adoption in Private Sector. (Shutterstock)
March 7th, 2019 - 08:49 GMT

UAE Keen on Accelerating AI Adoption in Private Sector

The Kingdom’s exports to Qatar in the first 11 months of 2018 amounted to some JD87 million, while Qatari exports to Jordan were valued at around JD82 million. (Shutterstock)
March 7th, 2019 - 08:45 GMT

Qatar Mulls Expanding Its Investments in Jordan

Emiratis will be given priority for jobs in certain sectors. (Shutterstock)
March 7th, 2019 - 08:39 GMT

Emiratization: A Top Priority in Dubai

Palestinian Banking Sector Growth Influenced by Fintech (Shutterstock)
March 7th, 2019 - 08:32 GMT

Palestinian Banking Sector Growth Influenced by Fintech

Saudi Aramco IPO to Be Launched Within Two Years (Shutterstock)
March 7th, 2019 - 08:12 GMT

Saudi Aramco IPO to Be Launched Within Two Years

Ziad Alexandre Hayek. (Twitter)
March 6th, 2019 - 12:02 GMT

Lebanon Withdraws Nomination of Hayek as World Bank President


Oil prices increased on Tuesday as US West Texas Intermediate (WTI) crude oil futures were at $56.28 per barrel. (Shutterstock)
March 6th, 2019 - 11:50 GMT

OPEC to Announce Output Policy in June

The Governor of the Bank of England, Mark Carney attends a press conference at the Bank of England in London on February 25, 2019.(AFP)
March 6th, 2019 - 11:50 GMT

Bank of England: No-Deal Brexit to Threaten Financial Stability of UK, EU

One of Libya's most important oil fields is set to reopen nearly three months after it was taken over by an armed group. (Shutterstock)
March 6th, 2019 - 11:39 GMT

Libya to Reopen Major Oil Field After Being Captivated for 3 Months

Tough Decisions Required to Help Lebanon's Crumbling Economy. (Shutterstock)
March 6th, 2019 - 11:35 GMT

US Official: Tough Decisions Required to Help Lebanon's Crumbling Economy

Companies in the United Arab Emirates’ non-oil private sector cut jobs at the fastest pace in almost a decade. (Shutterstock)
March 6th, 2019 - 11:24 GMT

UAE Private Companies Cut Jobs Due to Low Oil Prices, Turbulent Property Market

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