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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 head of Saudi Aramco, pictured here at Davos 2017, has laid out a roadmap leading to the sale of shares in the world’s biggest oil company in 2021. (AN)
January 27th, 2019 - 10:58 GMT

Saudi Aramco to Commence Sale of Shares in 2021

Overall Saudi shoppers are spending more cautiously, as a result over the last 12 months there has been a decline in consumption across 90% of categories. Spend on promotions is also up, from 49% to 58% in modern trade. (Shutterstock)
January 27th, 2019 - 09:59 GMT

How Saudis' Shopping Behaviours Change

The world's 500 largest family businesses produce $6.5 trillion per year in sales. (Shutterstock)
January 27th, 2019 - 09:42 GMT

85 Percent of Non-Oil GDP in MENA Is Generated by Family Businesses

UNRWA’s work covers Palestinian refugees mainly residing in the West Bank, Gaza, Jordan, Lebanon and Syria. (Shutterstock)
January 27th, 2019 - 08:56 GMT

UNRWA Suffers From $1.2 Billion Funding Shortage

The facilities were built about 90 years ago and were used to store oil shipped through a pipeline from the northern Iraqi city of Kirkuk. (Shutterstock)
January 27th, 2019 - 08:33 GMT

Lebanon Signs With Rosneft to Operate Oil Installations in Tripoli

Riyadh will announce projects in the program worth 70 billion riyals this coming Monday and  the program aims to boost industry, mining, energy and logistics. (Shutterstock)
January 27th, 2019 - 08:21 GMT

Saudi Arabia Aims to Attract $427 Billion Worth of Industrial Investments

Iran’s crude steel industry has remained in good shape despite the US sanctions, and managed to push aside Italy, Taiwan and Ukraine to take the 10th place among the world’s producers of crude steel. (Shutterstock)
January 27th, 2019 - 08:01 GMT

Report: Iran Ranks 10th as Biggest Producer of Crude Steel Globally in 2018

The lender's shares were last trading at Dh0.999 per share on Abu Dhabi Securities Exchange. (Shutterstock)
January 27th, 2019 - 07:37 GMT

UAE Suspends Share Trading in One of Its Main Local Banks

3 of Dubai Biggest Firms at Risk of Being Removed by MSCI (Shutterstock)
January 26th, 2019 - 12:26 GMT

3 of Dubai Biggest Firms at Risk of Being Removed by MSCI

Davos WEF Annual Meeting 2019 concludes (Shutterstock)
January 26th, 2019 - 07:03 GMT

Top Moments From Davos WEF 2019

According to ministry figures, 94.5 percent of the total assistance went into humanitarian work. (Shutterstock)
January 26th, 2019 - 06:54 GMT

UAE Aid to Syria Reaches Dh3.59 Billion Within 7 Years

Around 70,000 Saudis visited Jordan in 2018 for treatment, including some 13,500 who were admitted to hospitals, Deputy Saudi Ambassador to Jordan Muhammad Atiq said on Wednesday. (Shutterstock)
January 25th, 2019 - 06:00 GMT

Jordan Hosted Around 70,000 Saudis for Medical Treatment in 2018

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