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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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At least 42,000 expatriate professionals will enter Kuwait to apply value added and selective taxes. (Shutterstock)
March 4th, 2019 - 10:08 GMT

At Least 42,000 Expats to Enter Kuwait Due to VAT

Solar panels are exempted from shipping taxes and customs fees. (Shutterstock)
March 4th, 2019 - 09:29 GMT

Will the Sun End Jordan's Power Struggles?

Dubai-based airline Emirates, Apple and WhatsApp are the top ranked brands by women in the UAE. (Shutterstock)
March 4th, 2019 - 09:17 GMT

Emirates Tops Women’s Choice Rankings

Uber and Careem reportedly held preliminary talks in July to combine their Middle Eastern ride-hailing services. (Shutterstock)
March 4th, 2019 - 09:01 GMT

Uber Plans to Dominate the Middle East by Acquiring Its Rival Careem

Consumers who use more than 5,000 gallons of water per month will have to pay higher fees. (Shutterstock)
March 4th, 2019 - 08:34 GMT

New Water Tariffs Announced in Oman

Saudi Arabia was described as a "Middle East giant" and the Kingdom has very large oil reserves and exports to many countries around the world. (Shutterstock)
March 4th, 2019 - 08:26 GMT

Study: Saudi Arabia Ranks 9th Among Powerful Countries

Why Blockchain Is Essential for Energy Players. (Shutterstock)
March 4th, 2019 - 08:18 GMT

Why Blockchain Is Essential for Energy Players

Prices continue to fall persistently, posting biggest weekly decline since November 2018. (Shutterstock)
March 4th, 2019 - 08:08 GMT

It Might Be the Right to Start Investing in Gold

The budget deficit last year was about $2.3 billion, a drop of about 33% from $3.4 billion in the 2017 budget. (Shutterstock)
March 3rd, 2019 - 12:56 GMT

Bahrain Expects a Deficit of About $1.88 Billion

Egypt’s GDP to reach $297bn, expecting that the government debt to GDP to reach 93% in FY 2018/19. (Shutterstock)
March 3rd, 2019 - 12:34 GMT

Egypt’s GDP Growth to Reach 5.8 Percent

The application will then be passed to both the eGovernment and the Information and eGovernment Authority who will issue the worker an identification number. (Shutterstock)
March 3rd, 2019 - 12:10 GMT

New System for Domestic Workers to Be Launched in Bahrain

Paid-for content syndication usually involves a third party licensing and paying to display, or otherwise use content that originally appeared elsewhere. (DISCO)
March 3rd, 2019 - 10:54 GMT

Is Paid-For Content Syndication Right for You?

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