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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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Iran on Wednesday has "strongly" condemned the Council's "illogical" and "surprising" decision. (Shutterstock)
January 10th, 2019 - 08:13 GMT

EU Imposes Sanctions on Iran Over Assassination Plot

Tunisia has moved up 8 spots to 80th in this report compared to 2018. (Shutterstock)
January 10th, 2019 - 08:07 GMT

Forbes Ranks Tunisia 5th Best Country for Business Amongst African Peers

This loan with a fixed interest rate of 2.5%, will be repaid over 30 years with a five-year grace period. (Shutterstock)
January 10th, 2019 - 08:00 GMT

Tunisia Approves DT400 Million Loan to up Employment and Public Services

The Egyptian state has many contractual systems to establish projects for energy production from solar energy, including the feed-in tariff, the independent product, and net measurements. (Shutterstock)
January 9th, 2019 - 12:40 GMT

$200 Million as Investments in Renewable Energy Projects in Egypt

Textile and ready-wear sector exports rose 3.8 percent in 2018 to reach $26.1 billion. (Shutterstock)
January 9th, 2019 - 12:22 GMT

Turkey Exceeds $26 Billion in Clothing Exports

The law allows non-Qatari investors to own a percentage not exceeding 49 percent of the share capital of listed companies. (Shutterstock)
January 9th, 2019 - 11:41 GMT

Foreign Investment Law Aims to Boost the Economy in Qatar

Establishing successful career a main source of happiness for female professionals. (Shutterstock)
January 9th, 2019 - 11:25 GMT

Survey: 57% MENA Women Enter the Workforce Aiming for Financial Independence

In the 2019 budget, approximately OMR5 billion has been allocated for the education, health, housing and welfare sectors. (Shutterstock)
January 9th, 2019 - 10:46 GMT

39 Percent of Oman's 2019 Budget to Be Allocated for Social Sectors

The MENA region, economic growth is projected to rise to 1.9 percent in 2019. (Shutterstock)
January 9th, 2019 - 09:57 GMT

Global Economic Growth to Drop to 2.9 Percent in 2019

Apicorp made the prediction in a report as the oil price again ticked higher, supported by the hopes that talks between China and the US would defuse current trade tensions. (Shutterstock)
January 9th, 2019 - 09:40 GMT

Saudi Firm Predicts Oil Price to Hit $70 by Summer

The labour minister has the right to issue a decision to deport an illegal worker at the expense of the worker’s employer. (Shutterstock)
January 9th, 2019 - 09:29 GMT

Jordan Amends Labour Law Definitions, Announces Work Permit Exemptions

Globally, Dubai's carrier was ranked 19th most punctual among mainline airlines. (File/Photo)
January 9th, 2019 - 08:43 GMT

Emirates Ranks 2nd Most Punctual Middle East Airline in 2018

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