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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 tour operator said its group bookings for Winter 2017/18 is up 3 percent. (AFP)
September 27th, 2017 - 12:22 GMT

UK Operator Thomas Cook Sees Tourists Return to Egypt and Turkey

BP holds a 60 percent interest in the new project. (Courtesy of BP)
September 27th, 2017 - 12:09 GMT

BP Starts Production at Oman's Giant Khazzan Gas Field

Ajman University has just announced its first PhD program ever. (Shutterstock)
September 27th, 2017 - 11:53 GMT

Ajman University Announces First-Ever PhD Program

The listing brings the number of Sukuk listings by the bank on the exchange to eight. (AFP)
September 27th, 2017 - 11:41 GMT

Saudi Arabia’s IDB Lists $1.25 Billion Sukuk on Nasdaq Dubai

The move is part of a capital restructuring program agreed by shareholders. (AFP/ File)
September 27th, 2017 - 11:22 GMT

Drake & Scull Wins Approval for Capital Reduction, New Shares Listing

The diploma will be offered in the UAE and Saudi Arabia starting October this year. (File photo)
September 27th, 2017 - 11:13 GMT

Cashing in on VAT: PwC Announces First VAT Diploma in GCC

The new fund will invest in innovative early-stage and growth-stage tech companies in the MENA region. Pictured here: Mohammed Alabbar. (AFP/ File)
September 27th, 2017 - 10:46 GMT

Alabbar, MEVP Launch Third Venture Capital Fund

Last year, Saudi Arabia’s economy grew by 1.7 percent. Pictured here: King Salman. (AFP/ File)
September 27th, 2017 - 10:37 GMT

Saudi Economy Grew in 2016 Despite Global Slump: Report

Beach-goers in Dubai can now get their coffee via a drone. (Shutterstock)
September 25th, 2017 - 01:46 GMT

Costa Coffee Tests Drone Delivery Service in Dubai, and We Love It! (Video)

Qatar has expressed its plans to support and strengthen national food products. (AFP/ File)
September 25th, 2017 - 12:17 GMT

Qatar Eyes Self-Sufficiency in Food, Medicine Products

The current equity ownership split in Sadara is 65 percent Saudi Aramco and 35 percent Dow. (AFP/ File)
September 25th, 2017 - 12:07 GMT

Saudi Aramco to Transfer 15 Percent Stake in Sadara Chemical Company to Dow

Amazon Web Services today announced that it plans to open an infrastructure base in Bahrain. (AFP)
September 25th, 2017 - 11:53 GMT

Bahrain Welcomes First Amazon Web Services Base in Middle East

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