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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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Islamic banking software refers to banking software that functions according to Shariah norms for managing and monitoring banking operations. (Shutterstock)
January 30th, 2019 - 10:12 GMT

The Meteoric Growth of Shariah-Compliant Software Market in Banking Industry

Kuwaiti Official Demands Government to Halt Employing Expats. (Shutterstock)
January 30th, 2019 - 10:06 GMT

Kuwaiti Official Demands Government to Halt Employing Expats

Saudi Arabia said on Tuesday it had suspended 126 local government employees at municipalities across the Kingdom on corruption charges. (Shutterstock)
January 30th, 2019 - 10:02 GMT

Over 100 Government Employees Suspended in Saudi Arabia on Corruption Charges

The remittances are among the most important foreign exchange (FX) resources in Egypt. (Shutterstock)
January 30th, 2019 - 09:20 GMT

Remittances of Egyptian Expats Exceed $23 Billion in 2018

Israel also announced that Intel would recive a $1 billion reward from the government, due to the investment. (AFP)
January 30th, 2019 - 09:06 GMT

Intel to Expand Its Operations in Israel With Investments Worth $11 Billion

Kingdom to receive oil at lower prices in exchange for lower fees on Iraqi shipments to Aqaba. (Shutterstock)
January 30th, 2019 - 08:52 GMT

More Facilitation Announced to Boost Trade Between Iraq, Jordan

Lebanon should consider a voluntary debt restructuring to avert a financial crisis despite pledges of aid from Gulf benefactors. (Shutterstock)
January 30th, 2019 - 07:15 GMT

Lebanon Must Consider Debt Restructuring to Avert Financial Crisis

The combined generation capacity will be 1.51 gigawatts (GW), enough to power 226,500 households. (Shutterstock)
January 30th, 2019 - 07:12 GMT

Saudi Arabia Launches 7 Solar Projects Worth $1.5 Billion

Ethiopian-born billionaire Mohammed Hussein al-Amoudi was reportedly among those set free. (Twitter)
January 29th, 2019 - 01:47 GMT

Saudi Arabia Releases 10 Businessmen from Detention

It will become the second largest retail lender in the UAE by assets, with 21 per cent share of retail loans. (File/photo)
January 29th, 2019 - 01:17 GMT

Three Major UAE Banks Merge Creates Dh420 Billion Bank

Turkey is determined to boost the sales of hybrid and electric automobiles in the country. (Shutterstock)
January 29th, 2019 - 11:57 GMT

Turkey to Increase Hybrid and Electric Cars Sale

Expat doctors have welcomed a move to prioritise hiring Bahraini medics in the nation’s private healthcare sector. (Shutterstock)
January 29th, 2019 - 11:56 GMT

Bahrainisation to Include the Private Healthcare Sector

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