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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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If true, the charges are indicative of a larger, more structural issue common throughout the Chinese business world, and particularly prevalent in the 1990s. (AFP)
February 7th, 2019 - 08:25 GMT

What's the Future of Huawei After Its Gloomy Past?

Real estate investment volume by Iraqi nationals ranked first with JD7.8 million, followed by Saudi and Yemeni sales, totalling at JD2.7 and JD2.3 million, respectively. (Shutterstock)
February 7th, 2019 - 07:55 GMT

Real Estate Trade Volume in Jordan Plummets 24 Percent

Inflation in the UAE is expected to decline substantially from 3.3 per cent in 2018 to 1 per cent in 2019. (Shutterstock)
February 7th, 2019 - 07:46 GMT

Cost of Living to Fall in UAE Due to Declined Rents, Oil Prices

Blockchain enables decentralized transactions across a P2P network. (Shutterstock)
February 6th, 2019 - 01:37 GMT

All You Need to Know About Blockchain Technology: Infographic

The deal mainly focuses on a payment channel that is to facilitate the settlement of the Arab country’s debts to Tehran over gas and electricity imports, inter alia. (Shutterstock)
February 6th, 2019 - 01:20 GMT

Iran, Iraq Finalize a Deal on Payment Channel to Facilitate Debt Settlement

The group used Windows-targeting surveillance-ware to monitor figures in the Middle East. (Shutterstock)
February 6th, 2019 - 01:05 GMT

Cyber-Attacks Target Foreign Diplomats in Iran Using Locally-Produced Spyware

Bahrain’s annual real GDP growth of 1.6pc in the third quarter was underpinned by expansion in the construction and manufacturing sectors. (Shutterstock)
February 6th, 2019 - 12:12 GMT

2.4 Percent Increase in Bahrain Non-Oil Sector Results in 1.6 Percent Growth In GDP

Whether you want to work or simply visit the UAE, several visas are available that can suit your travel plans. (Shutterstock)
February 6th, 2019 - 11:51 GMT

Which of These UAE Visas Is the Right One for You?

With pro-West Prime Minister Saad Hariri in the helm the country has moved closer to accepting all the reforms contained in a Paris conference. (AFP)
February 6th, 2019 - 11:47 GMT

Lebanon’s New Government to Implement Economic Reforms Suggested by Donors

The Comprehensive Air Transport Agreement will enable carriers from all EU countries to have far greater access to Qatar and vice-versa. (Pexels)
February 6th, 2019 - 11:22 GMT

Qatar, EU Conclude 8 Years of Negotiations for Landmark Air Transport Agreement

The platform, which allows the trading of Bitcoin, Litecoin and Ethereum, filed for creditor protection in the Nova Scotia Supreme Court last week. (Shutterstock)
February 6th, 2019 - 11:16 GMT

Canada's Biggest Crypto Exchange May Have Lost Millions After CEO's Death

The funds would help ease investor concerns that Lebanon is on the brink of a financial meltdown sparked by political turmoil and doubts over its ability to repay debts. (Shutterstock)
February 6th, 2019 - 10:29 GMT

After Qatar's Pledge, Lebanon Is Being Secretive About Allies That Might Support It

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