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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 government’s bid to have the value added tax (VAT) law passed by the parliament will not be the only option to resolve the state budget deficit (Shutterstock)
February 12th, 2019 - 11:52 GMT

Kuwait Determined to Pass VAT Bill Before June

Al Tayer said that the UAE has committed all its resources to cope with the technological and industrial breakthrough. (RTA)
February 12th, 2019 - 10:25 GMT

Dubai to Implement New Traffic System Powered by AI in 2020

Globally, women only account for 23% of the public sector workforce. (Shutterstock)
February 12th, 2019 - 10:21 GMT

World Government Summit Discusses Ways of Increasing Women's Participation in Public Sector

The number of residential and commercial units is more than the number of people in need of such units.(Shutterstock)
February 12th, 2019 - 10:16 GMT

Rents in Oman Plummet by 60 Percent

The need to maintain coordination and consultation between Jordan and Kuwait over issues of mutual concern was also stressed. (Shutterstock)
February 12th, 2019 - 08:48 GMT

Jordan, Kuwait Sign 15 Deals To Strengthen Cooperation

The PMI was at 50.5 in January, up from 50.1 in December. (Qatar Tribune)
February 12th, 2019 - 08:27 GMT

Employment Growth Results In Increase In Qatar PMI

Sultan bin Saeed Al Mansouri meets Mukhisa Kituyi, secretary-general of the UN Conference on Trade and Development, on the sidelines of the World Government Summit in Dubai on Monday. (Courtesy WAM)
February 12th, 2019 - 08:20 GMT

UAE Unbiased On US-China Trade war

Total office stock in Saudi Arabia’s capital stood at 4.2 million square meters of gross leasable area by the end of 2018. (Shutterstock)
February 12th, 2019 - 08:11 GMT

Riyadh Witnesses Rise in Demand for Office Space Due to Growth of Start-Ups

Decision expected to be announced ahead of Mobile World Congress. (AFP)
February 11th, 2019 - 12:14 GMT

Trump Mulls Banning Chinese Tech in US

The Saudi Jordanian Investment Fund said it has signed a deal with Aqaba Special Economic Zone Authority. (Trade Arabia)
February 11th, 2019 - 10:57 GMT

Saudi Jordanian Investment Fund Seals $705 Million Aqaba Rail Network Deal

Iran is also ready to increase the level of its uranium enrichment to 20 percent of purity. (Shutterstock)
February 11th, 2019 - 10:17 GMT

Iran Ready to Increase Uranium Enrichment

Saudi Arabia, like so many other nations and private sector enterprises, is still finding its feet, but is determined to put blockchain at the core of its operations. (Shutterstock)
February 11th, 2019 - 10:15 GMT

Is Blockchain the Missing Link in Saudi Arabia’s Vision 2030?

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