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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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Taxi drivers hold protests in November 2018. (Shutterstock)
January 16th, 2019 - 10:33 GMT

'Yellow Cabs' Demonstration in Jordan

Saudi Arabia has restricted certain jobs to Saudis and pressed companies to employ higher ratios of nationals to foreign workers. (Shutterstock)
January 16th, 2019 - 10:18 GMT

Saudi Government to Pay Private Sector in an Attempt to Expand Saudization

Civil servants could receive a 20 per cent increase in their basic wages. (Shutterstock)
January 16th, 2019 - 09:45 GMT

Bahrain Indecisive About 20 Percent Increase in Basic Wages

A section of UAE expats may not have seen much wage growth last year. (Shutterstock)
January 16th, 2019 - 09:43 GMT

Survey: UAE Among World’s Top 10 Destinations for Expats

Kuwaiti rights groups have long called on the government to abolish its kafala system for expats, which has long been criticized as a form of bonded labor. (Shutterstock)
January 16th, 2019 - 09:17 GMT

Kuwait Considers Canceling Its 'Bonded Labor' System

Ties between Qatar and Turkey have grown manifold, especially after the blockade. (Shutterstock)
January 16th, 2019 - 08:35 GMT

Despite Economic Blockade, Over 150 Qatari Companies Operating in Turkey

Growth rates of 3.4 percent and 3.6 percent are projected in 2020 and 2021, respectively. (Shutterstock)
January 16th, 2019 - 08:23 GMT

World Bank: Economic Growth in Tunisia to Reach 2.9 Percent in 2019

The key monitored sectors - construction, wholesale & retail and travel & tourism - registered slower improvements in business conditions in December. (Shutterstock)
January 16th, 2019 - 08:07 GMT

Dubai Economy Tracker Index Hits Second Lowest Reading in Over Two Years

According to the UAE Space Agency, in 2017, the total global space economy value amounted to $348 billion. (Shutterstock)
January 15th, 2019 - 11:50 GMT

UAE Investments in Space Exceed AED22 Billion, Providing Over 1,500 Job Opportunities

The unemployment rate occurred as 11.6 percent with a 1.3 percentage point increase (Shutterstock)
January 15th, 2019 - 11:34 GMT

Turkey's Unemployment Rate Increased to 11.6 Percent in October

Saudi Arabia Mulls Gas Network Extension With UAE, Oman (Shutterstock)
January 15th, 2019 - 10:11 GMT

Saudi Arabia Mulls Gas Network Extension With UAE, Oman

Jordan,Iraq Agree to Finalize Basra-Aqaba Oil Pipeline
January 15th, 2019 - 09:47 GMT

Jordan,Iraq Agree to Finalize Basra-Aqaba Oil Pipeline

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