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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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Dubai will source eight per cent or at least 1000 megawatts of its over-all power requirements from renewable energy sources by next year. (Shutterstock)
January 24th, 2019 - 08:48 GMT

Renewable Energy to Produce 8 Percent of Dubai's Power

The oil was discovered at a depth of 3,770 meters and has an API gravity of 40 which is “very light and sweet. (Shutterstock)
January 24th, 2019 - 08:37 GMT

New Oil Discovery in Iran

Emaar, Dubai Multi Commodities Centre launch 200 units in Dubai Hills Estate. (Shutterstock)
January 24th, 2019 - 08:07 GMT

Buy a House in Dubai and Get a Free Trade License

Some $30 billion to $50 billion inflows are expected into the Kingdom’s stock market due to its inclusion in major global benchmarks. (AFP)
January 24th, 2019 - 08:00 GMT

Up to $50 Billion Inflows Projected Into Saudi Stock Market

Traffic passing through Egypt’s Suez Canal on Wednesday reached an all-time record. (Shutterstock)
January 23rd, 2019 - 01:34 GMT

Traffic Through Egypt’s Suez Canal Reaches All-Time Record

Switzerland is pursuing plans to launch an alternative payments channel for Iran independent from the US dollar.. (Shutterstock)
January 23rd, 2019 - 12:47 GMT

Switzerland to Develop Payment Channel With Iran to Bypass US Sanctions

The arrests were made over a period of two days in cooperation with the special task unit in the Wilayat of Duqm. (Shutterstock)
January 23rd, 2019 - 12:37 GMT

Over 400 Expat Workers Arrested in Oman for Violating Labor Laws

UAE, Canada Agreement to Boost Cooperation in Clean Energy Field (Shutterstock)
January 23rd, 2019 - 12:35 GMT

UAE, Canada Sign Agreement to Boost Cooperation in Clean Energy Field

Residence permit applicants will receive a six-month entry permit that will allow them to enter the UAE and complete any outstanding procedures related to their projects. (Shutterstock)
January 23rd, 2019 - 12:33 GMT

UAE to Start Issuing Long-Term Visa in February

Those selected for the transfer are currently undergoing training and testing and must fulfill certain criteria. (AFP)
January 23rd, 2019 - 10:19 GMT

Egypt to Relocate 50,000 Employees to Its New Capital by 2020

Moody’s Investor Service announced Monday night that it had downgraded Lebanon’s long-term investment rating. (Shutterstock)
January 23rd, 2019 - 10:16 GMT

Lebanon’s New Long-Term Investment Rating Indicates Poor Quality, Very High Credit Risk

Mastercard prevents merchants from benefitting from better conditions. (Shutterstock)
January 23rd, 2019 - 08:07 GMT

Mastercard Fined Almost $650 Million in Europe

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