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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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Citizens and expatriates spent about KD 24 billion last year. (Shutterstock)
February 11th, 2019 - 09:45 GMT

Nationals and Expats Spent More Than $79 Billion in Kuwait in 2018

Lebanon could receive significant bank deposits from allies soon. (Shutterstock)
February 11th, 2019 - 09:14 GMT

Lebanon Anticipates Receiving Significant Deposits From Allies

“The oil exporters have not fully recovered from the dramatic oil price shock of 2014,” Lagarde said Saturday in Dubai. (AFP)
February 11th, 2019 - 09:09 GMT

Lagarde Hails Arab Steps to Enhance Financial Framework

The high-level workshop on ‘SME Development and Financial Inclusion in the Arab world’, was part of the World Government Summit. (Shutterstock)
February 11th, 2019 - 08:57 GMT

WGS Workshop Demands More Support to SMEs in the Middle East

UAE is a key partner for UK: "We need to have a deeper strategic relationship. It should not only be about selling and buying but about being partners." - Rt Hon Liam Fox (Shutterstock)
February 11th, 2019 - 08:50 GMT

UK to Have Free Trade Agreement With GCC

As a result of the campaign, 234 violating expats were arrested. (Shutterstock)
February 11th, 2019 - 08:04 GMT

Over 200 Expat Workers Arrested in Oman

Turkish Statistics agency noted late last month that tourism revenues amounted to USD 29.5 billion last year. (Shutterstock)
February 11th, 2019 - 08:02 GMT

Turkey Aims to Host 70 Million Tourists by 2023

Bahrain will focus on “stringent” cost controls to help cut its budget deficit. (Shutterstock)
February 11th, 2019 - 07:54 GMT

Bahrain to Focus on Cost Controls to Help Cut Budget Deficit

Lebanese Prime Misister Saad Hariri (R),speaks with journalist Emad el-Din Adeeb, during the opening session of the World Government Summit in Dubai, on February 10, 2019.  (AFP)
February 11th, 2019 - 07:46 GMT

Hariri At World Govt Summit: Lebanon Is in a 'Make It or Break It' Situation

IMF chief Christine Lagarde told CNN's Richard Quest that there were 3% more women's jobs vulnerable to AI than men's. (AFP)
February 10th, 2019 - 01:29 GMT

AI Threatens Women's Jobs More Than Men's: IMF Chief at World Government Summit

The allocation is aimed at reimbursing firms the fees for expatriate work permits. (Shutterstock)
February 10th, 2019 - 01:04 GMT

Saudi Allocates $3.1 Billion to Support Private Firms With Expats Fees

Mohammad Abdullah Al Gergawi, UAE Minister of Cabinet Affairs. (@DXBMediaOffice/ Twitter)
February 10th, 2019 - 10:04 GMT

World Government Summit: AI to Affect 45 Percent of Jobs

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