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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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Saudi Arabia’s non-oil sector growth will accelerate to 2.8 percent this year as the lagged effect of higher crude prices and production feeds through to the non-oil sectors. (Shutterstock)
January 21st, 2019 - 08:51 GMT

Report: Saudi Economy to Expand 2 Percent

The Saudi-Emirati Coordination Council set seven initiatives to increase the integration between the two countries during their first meeting in Abu Dhabi. (Shutterstock)
January 21st, 2019 - 08:05 GMT

Saudi Arabia, UAE Launch a Joint Cryptocurrency

It was agreed that all donor countries and Arab funds should work shoulder to shoulder to ease the suffering of Syrian refugees. (Shutterstock)
January 21st, 2019 - 07:56 GMT

What Solutions Did the Arab Leaders Create in Their Economic Summit?

Nearly two-thirds of UAE residents expect a salary increase in this year following a year of wage stagnation in 2018. (Shutterstock)
January 20th, 2019 - 10:37 GMT

Survey: More Than 60 Percent of UAE Residents Expect a Salary Hike

Shares plunged following the announcement, which also signaled a tough profit road ahead for Tesla. (Shutterstock)
January 20th, 2019 - 10:27 GMT

Tesla to Cut Its Workforce by 7 Percent

The balance of trade volume between India and the UAE is now worth $57 billion (Shutterstock)
January 20th, 2019 - 10:26 GMT

UAE-India Bilateral Trade to Exceed $100 Billion by 2020

The World Bank has reduced its estimates of global growth in 2018 and 2019 by just 0.1 percentage points, to 3% and 2.9%, respectively, since its June outlook. (Shutterstock)
January 20th, 2019 - 09:31 GMT

Why Global Financial Markets Became Unpredictable

The world is becoming more vulnerable to pandemics, despite advances in medicine and public health. (Shutterstock)
January 20th, 2019 - 09:14 GMT

Global GDP to Fall 0.7 Percent Due to Climate Change

Carlos Ghosn improperly received $9 million in compensation from a joint venture between Nissan Motor and Mitsubishi Motors. (AFP)
January 20th, 2019 - 08:58 GMT

Ghosn Accused of Receiving $9 Million Improperly From Joint Venture Between Nissan and Mitsubishi

Tunisia’s largest labor union has announced a two-day general strike for public-sector employees on Feb. 20.  (AFP)
January 20th, 2019 - 08:31 GMT

Tunisia's Labor Union Announces 2-Day Strike for Next Month

A total of 60,807 expats left the labour force in Oman between November 2018 and December 2017, parallel to the hiring of Omanis in the private sector. (Shutterstock)
January 20th, 2019 - 08:25 GMT

Expat Visa Ban in Oman Resulted in Creating Over 68,000 Jobs for Nationals

Flags of the Arab league states are seen on display ahead of the Arab Economic and Social Development Summit in Beirut (AFP)
January 20th, 2019 - 08:09 GMT

Arab Economic and Social Development Summit Did Not Go According to Plan

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