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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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Egypt has imposed harsh austerity measures to try to right the economy. (Shutterstock)
February 6th, 2019 - 08:29 GMT

IMF Approves $2 Billion Loan Payment for Egypt

That was an increase by 0.8 per cent compared to an output of 354.2 million barrels for the corresponding period of 2017 (Shutterstock)
February 6th, 2019 - 08:27 GMT

Crude Production Exceeds 350 Million Barrels in Oman

The satellite will offer multiple applications including secure communications for remote and disaster-stricken areas. (Khaleej Times)
February 6th, 2019 - 07:54 GMT

Saudi Arabia Launches Its First Communications Satellite

The schools are built to take 30 pupils per classroom at annual fees ranging from EGP6 to 7,000 with annual hikes in fees being determined by Ministry of Education in light of changes in costs, energy or interest rates, he illustrated. (Shutterstock)
February 5th, 2019 - 01:24 GMT

Egypt Seeks Investors to Build, Operate 200 Schools by June

A memorandum of understanding had been signed on interconnecting Europe and Africa through Egypt. (Shutterstock)
February 5th, 2019 - 01:09 GMT

GCC to Export Extra Generated Electricity to Europe

The Cryptoxygen platform’s token OXY2 is based on Ethereum – an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality. (Pexels)
February 5th, 2019 - 11:25 GMT

Bahrain-Based Entrepreneurs Launch First Hardware-Integrated Crypto Exchange

Middle East Investment Outlook report highlighted concerns about whether privatizations will inevitably require laying off large numbers of Saudi nationals. (Shutterstock)
February 5th, 2019 - 10:24 GMT

The Repercussions of Privatization in Saudi Arabia

Jordan will buy 10,000 barrels of crude Kirkuk oil per day from its neighbour, which covers 7 per cent of the Kingdom’s daily demand. (Shutterstock)
February 5th, 2019 - 10:06 GMT

Jordan to Receive Discounted Oil From Iraq

The significant growth in deal value was driven by increased deal-making in the UAE, which more than doubled to $10.4 billion in 2018. (Shutterstock)
February 5th, 2019 - 09:58 GMT

Report: Deal-Value Soars to $26.76 Billion in MENA

Egypt and Sudan are at odds over an Ethiopian plan to build a huge hydropower dam near the Sudanese border. (AFP)
February 5th, 2019 - 09:43 GMT

Video: The Water Wars Between Egypt, Sudan

Zarif told reporters after the meeting in Commission that the delays in establishment of the INSTEX was due to different reasons including the US pressures.(Shutterstock)
February 5th, 2019 - 09:26 GMT

Iran to Continue Its Trade Relations Despite Establishment’s Delay of EU Channel

The typical predictions for the global power sector see gas growing strongly, nuclear slowly and coal flat-lining or shrinking. (Pexels)
February 5th, 2019 - 08:48 GMT

An Analysis on the 'Trinity' of Electricity Generation

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