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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 minister announced future plans to turn the New Administrative Capital into the first cashless city. (Shutterstock)
February 18th, 2019 - 08:52 GMT

Egypt’s New Administrative Capital Aims to Be First Cashless City

Germany will help qualify Jordanian products to enter the European market. (Shutterstock)
February 18th, 2019 - 07:56 GMT

Germany to Help Jordan Export Its Products to EU Market

Restaurants and Café topped the list of Kuwaiti professional activities. (Shutterstock)
February 17th, 2019 - 01:07 GMT

Kuwaitis Among Top 10 Nationalities Investing in Dubai's Dining Sector

The Trump administration may be talking tough about reducing Iranian crude exports to “zero” through its imposed sanctions on Tehran. (AFP)
February 17th, 2019 - 12:46 GMT

Will Trump Grant Any Waivers to Sanctions Against Iran?

The Internet boom in the UAE has boosted e-commerce growth in the last couple of years. (Shutterstock)
February 17th, 2019 - 12:00 GMT

The Effects of the Tech-Savvy Startups on the Logistics Sector in UAE

Activists considered the app abusive since it allows women’s movements to be tracked by their “male guardians.” (File/photo)
February 17th, 2019 - 10:57 GMT

Saudi Arabia Defends 'Abusive' App That Monitors Women

Iran regretted the hesitation of China in developing Phase 11 of South Pars Gas Field in southern Iran. (Shutterstock)
February 17th, 2019 - 10:35 GMT

Iran Regrets China’s Hesitation in Developing Gas Field in Southern Iran

The Egyptian Central Bank’s Monetary Policy Committee (MPC) said it has cut its main interest rates by a percentage point each. (Shutterstock)
February 17th, 2019 - 10:06 GMT

Egypt’s Central Bank Cuts Interest Rates by 1 Percent As Price Pressures Ease

Over $10 billion worth of foreign investment was approved in Iran in last year. (Shutterstock)
February 17th, 2019 - 09:20 GMT

Iran Approves $3.5 Billion Worth of Foreign Direct Investment

Turkish lira reserve requirement ratios have been reduced by 100 basis points for deposits and participation funds. (Shutterstock)
February 17th, 2019 - 09:14 GMT

The Central Bank of Turkey Lowers Reserve Requirement Ratios to Increase Liquidity

In first phase, fixed wireless and mobile services will be provided in selected locations. (Shutterstock)
February 17th, 2019 - 08:09 GMT

UAE to Roll Out 5G Services in March

Jordan was ranked 4th among 14 countries in the Middle East and North Africa region (MENA) in the 2019 Index of Economic Freedom. (Shutterstock)
February 17th, 2019 - 07:53 GMT

Jordan Ranks 4th in MENA on Economic Freedom Index

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