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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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Oman has risen on the "Corruption Perception Index" (CPI) and is now placed third in the Arab world. (Shutterstock)
January 29th, 2019 - 11:00 GMT

Oman Ranks Third in the Arab World On Anti-Corruption Report

The currency will be used in financial settlements between the two countries. (Shutterstock)
January 29th, 2019 - 10:55 GMT

Saudi Arabia, UAE to Launch First Common Digital Currency ‘Aber’

The Dubai Taxi Corporation has launched a new control centre and reviewed its smart transformation plan. (Shutterstock)
January 29th, 2019 - 10:23 GMT

Dubai Taxi to Transform Its Services Using AI

Four international investment banks have been selected by Egypt to issue the dollar-denominated bonds. (Shutterstock)
January 29th, 2019 - 09:24 GMT

Egypt to Issue New Dollar Bonds for First Time in 2019

The Islamic Republic is about to launch its own state-backed cryptocurrency. (Shutterstock)
January 29th, 2019 - 09:10 GMT

Iran to Unveil Its Own State-Backed Cryptocurrency This Week

The agreements covered a range of fields including economy, culture, education, infrastructure, investment and housing. (Shutterstock)
January 29th, 2019 - 09:07 GMT

Syria and Iran Sign Economic Agreement to Strengthen Cooperation

The program aims to transform Saudi Arabia into an “industrial powerhouse,” reduce the reliance on imports, and boost the economy. (Shutterstock)
January 29th, 2019 - 09:04 GMT

Saudi Industrial Program to Attract $450 Billion of Investments, Create 1.6 Million Jobs

The approved projects include design, construction, finance, operation, maintenance of buildings and transfer of ownership of all schools will cost around QR4 billion. (Shutterstock)
January 29th, 2019 - 07:34 GMT

Qatar to Build 45 Schools With QR4 Billion Worth of Investments

Pakistan will allow e-visas to 175 countries, visa on arrival for 50 countries and business visas to 98 countries. (Shutterstock)
January 29th, 2019 - 07:25 GMT

UAE Nationals to Get Visa on Arrival in Pakistan

29,000 Kuwaiti women have been ordered arrested and banned from traveling among the 170,000 Kuwaitis listed, along with 30,000 expats. (Shutterstock)
January 28th, 2019 - 01:13 GMT

Kuwait Bans More Than 200,000 Nationals and Expats from Traveling

Jordan will look to increase connectivity with its neighbors in order to improve efficient use of electricity in the region. (Shutterstock)
January 28th, 2019 - 01:05 GMT

Jordan Mulls Expanding Its Solar Power Production With Saudi Arabia

The total number of licenses issued reached more than 40,000. (Shutterstock)
January 28th, 2019 - 08:58 GMT

More Than 40,000 Driving Licenses Issued for Women in Saudi Arabia

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