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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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Mashreq Bank will cut 10 percent of its workforce as a direct result of artificial intelligence technology. (Courtesy of Mashreq Bank)
September 19th, 2017 - 08:01 GMT

Mashreq Bank to Cut 10 Percent of Staff on Successful AI Implementation

Two new shipping routes will link Qatar with vital ports in China, Turkey and Greece. (File photo)
September 18th, 2017 - 02:24 GMT

Qatar Launches Shipping Routes to China, East Mediterranean to Bypass Blockade

The global halal economy is estimated to reach $6.4 trillion by 2018, compared to $3.2 trillion in 2012. (AFP)
September 18th, 2017 - 01:35 GMT

Halal Expo Launches in Dubai as Global Halal Economy Hits $6.4 Trillion

The price hike would see gas prices increase by around 80 percent. (AFP/ File)
September 18th, 2017 - 10:59 GMT

Saudi Arabia Plans to Raise Fuel Prices by 80 Percent This Year: Sources

The credit line will be used to finance Iran's infrastructure projects. (File photo)
September 17th, 2017 - 03:12 GMT

China Signs Deal to Provide Iran With $10 Billion Credit Line

The new project will be built at a total cost of Dh14.2 billion ($3.8 billion). (Photo: First Solar)
September 17th, 2017 - 11:12 GMT

Dubai Breaks All Records With Launch of World's Largest Solar Power Project

Lebanon is working with Cyprus to increase its internet speeds by drastically improving the cabling running from France to Lebanon via Cyprus. (File photo)
September 14th, 2017 - 12:30 GMT

Is Lebanon Finally Getting a Reliable, High-Speed Internet Connection?

Saudi Arabia in June led a coalition of Middle East countries in severing ties with Qatar. Pictured here: Sheikh Tamim bin Hamad Al Thani, Emir of Qatar. (AFP)
September 14th, 2017 - 10:41 GMT

Ongoing Gulf Crisis a Risk for GCC's Credit Outlook: Moody’s

Audio, video calls will be available in Saudi Arabia starting next Wednesday. (File photo)
September 14th, 2017 - 10:26 GMT

Saudi Arabia: Ban on Voice, Video Calling Apps to Be Lifted Next Week

In the UAE, only around half protect their devices with a password. (Pixabay)
September 14th, 2017 - 05:00 GMT

Cyber Security Often Overlooked by UAE Residents – at a Price

A new study has revealed that the most-preferred customer channel for accessing banking services in Saudi Arabia is via a mobile app. (Shutterstock)
September 13th, 2017 - 02:44 GMT

Mobile Banking, Not Traditional Banking, Is What Saudi Customers Want: Infographic

Prince Alwaleed Bin Talal. (AFP/ File)
September 13th, 2017 - 10:31 GMT

Crédit Agricole Sells 16 Percent Stake in Saudi Bank to Prince Alwaleed Bin Talal

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