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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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Thee oil sector is currently working on an integrated plan for the development of the petrochemicals industry. (Shutterstock)
January 28th, 2019 - 08:43 GMT

Egypt Plans to Launch International Tenders for Oil, Gas Exploration in Red Sea Region

Qatar imported goods worth QR9.5 million and exported products worth QR25.4 billion. (Shutterstock)
January 28th, 2019 - 08:41 GMT

Qatar’s Trade Surplus Exceeds $4 Billion in December

The UAB noted in a recent study that it is expected that fintech will revolutionise the provision of traditional financial services and reshaped the financial landscape in Arab banks. (Shutterstock)
January 28th, 2019 - 08:37 GMT

How Egypt's Banks Adopt Digitisation and Fintech

Construction of a large oil terminal in Jask and also launch of petrochemical refinery was put atop agenda in this area. (Shutterstock)
January 28th, 2019 - 08:15 GMT

Iran Starts Developing a Petrochemical Refinery in Oman Sea

Egypt provided Jordan with 250 million cubic feet of natural gas daily since 2004. (Shutterstock)
January 28th, 2019 - 08:08 GMT

Egypt Starts Supplying Jordan With Natural Gas

The jobless rate first hit 12.9 percent, the highest level recorded by the statistics agency in data going back to 1999. (Shutterstock)
January 28th, 2019 - 08:05 GMT

Saudi Arabia Unemployment Eased Marginally to 12.8 Percent

Increased trading activity from companies based in free zones resulted in a rise in the UAE's non-oil foreign trade. (Shutterstock)
January 28th, 2019 - 07:45 GMT

UAE’s Non-Oil Trade Hits Dh1.2 Trillion in 2018

Dubai International (DXB) retained its position as the world's busiest airport for international customer numbers for the fifth consecutive year. (Shutterstock)
January 28th, 2019 - 07:42 GMT

Dubai Airport Remains World’s Busiest Airport

Tourism and travel service providers were charged Dh1000 per PRO card, which was subject to an annual renewal fee, with penalties imposed on companies that violated the provision. (Shutterstock)
January 27th, 2019 - 01:43 GMT

Dubai Waives a Mandatory Fee to Boost Tourism Sector

Tunisian General Secretary of Labour Union (UGTT) Noureddine Taboubi. (AFP)
January 27th, 2019 - 12:42 GMT

The Real Cost of the Ongoing War Between the Government and the Trade Unions in Tunisia

Bank of Sharjah's 9-month 2018 profits grew 13 per cent to Dh301 million, surpassing its 2017's full-year profit of Dh265 million. (Shutterstock)
January 27th, 2019 - 12:16 GMT

After Being Suspended by ADX, Bank of Sharjah Shares Resume Trading

Since the campaign began in November 2017 the total number of offenders was 2,504,037, which included 1,949,024 for violating residency regulations, 383,033 for labor violations and 171,980 for border violations. (Shutterstock)
January 27th, 2019 - 11:40 GMT

Over 2.5 Million Expats Arrested in Saudi Arabia Within a Year

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