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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 repayments will create greater demand for the US currency in the local market. (Shutterstock)
February 4th, 2019 - 08:35 GMT

Higher Demand for the Dollar in Egypt Due $14.7 Billion Debt Repayment

The visa ban was first announced at the end of January 2018 when 87 job sectors were banned from hiring non-Omani employees. (Shutterstock)
February 4th, 2019 - 08:06 GMT

Oman Extends Expat Visa Ban for the Second Time

EU nations create workaround to US sanctions on Iran. (Shutterstock)
February 3rd, 2019 - 07:42 GMT

France, Germany, Britain Launch Payment Gateway With Iran to Override US Sanctions

Qatar will invest $200 million in the company through a primary equity issuance. (Shutterstock)
February 3rd, 2019 - 07:35 GMT

Report: Qatar Invests $200 Million in Airtel Africa to Ease Its Net Debt

Iran Dismisses US' Exit From INF. (Shutterstock)
February 3rd, 2019 - 07:29 GMT

Iran Dismisses US' Exit From INF

Russia courted U.S. investment in the Syrian reconstruction process. (AFP)
February 3rd, 2019 - 07:23 GMT

Opinion: What Is the True Cost of Russia's Race to Reconstruct Syria?

They had given the victim the number on his SIM card to convince him that they were genuine. (Shutterstock)
February 3rd, 2019 - 07:11 GMT

UAE Arrests 24-Member Phone Scam in Abu Dhabi

The argument of the company is that annual salary is paid only when an employee relinquishes annual leave. Please advise on the entitlements. (Shutterstock)
February 3rd, 2019 - 06:36 GMT

Are You Allowed Annual Leave Salary in Qatar?

The Iranian energy minister reiterated that his country has the needed potentials in renewable energies. (Shutterstock)
February 3rd, 2019 - 06:16 GMT

Iran Extends Support to Foreign Investors in Renewable Energy Sector

Lebanon's Newly Formed Government to Unlock $11 Billion in Foreign Aid. (Shutterstock)
February 3rd, 2019 - 06:09 GMT

Lebanon's Newly Formed Government to Unlock $11 Billion in Foreign Aid


He noted that the first phase of the project will start in two months and will include the construction of Neom Bay. (Neom)
February 3rd, 2019 - 06:00 GMT

Saudi Confirms NEOM Strategy Announcement for Mid 2019

While demand for jewelery was very weak in both Saudi Arabia and the UAE in 2018, it was much worse in Turkey and Iran. (Shutterstock)
February 3rd, 2019 - 05:45 GMT

Gold Is No Longer Glittering for Arab Jewelers in Middle East

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