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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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Russia is considered Sudan's top military partner. (WikiImages/ Pixabay)
September 10th, 2017 - 02:57 GMT

Russia Eyes Joint Investment Projects in Sudan, Including Military

Could Amman see its first metro soon? (SofiLayla/ Pixabay)
September 10th, 2017 - 02:38 GMT

Amman Perfect for a Metro Project, Says a Chinese Study

Is this the end for Swiss private banks? (SofiLayla/ Pixabay)
September 10th, 2017 - 01:57 GMT

70 Swiss Private Banks Could Soon Go out of Business: KPMG

A Chinese factory for trucks and minibuses is coming to Egypt. (Gregor/ Pixabay)
September 10th, 2017 - 01:33 GMT

More Jobs for Egyptians: Chinese Company to Build Trucks Factory in Egypt

Busy day at work? Don’t fret: A friendly robotic assistant may soon take the strain. (Shutterstock)
September 10th, 2017 - 01:17 GMT

Saudi Arabia Wants Robots to Take up Government Jobs

One-bedroom apartments can be bought for 54 bitcoins (or $250,000). (Photo courtesy of Aston Plaza)
September 7th, 2017 - 10:48 GMT

Dubai to Accept Bitcoin Payments on $325 Million Real Estate Project

Opec and other producers led by Russia and  Saudi Arabia are cutting oil output until the end of March 2018. (AFP/ File)
September 6th, 2017 - 11:29 GMT

Saudi Arabia, Russia Mull Opec Deal Extension as Oil Prices Stabilize

Qatar exchange witnessed the steepest monthly drop in August on the back of the ongoing political deadlock with its neighbors. (AFP/ File)
September 6th, 2017 - 11:08 GMT

The Best and Worst Performing Stock Markets in GCC for 2017

Qatar's Emir Sheikh Tamim bin Hamad al-Thani led on Tuesday the inauguration of the new Hamad Port. (AFP/ File)
September 6th, 2017 - 10:34 GMT

Qatar Defies Saudi-Led Bloc With Inauguration of New Port

The negative outlook reflects a reduction in the government’s ability to support banks, weaker economic growth and tightening liquidity. (File photo)
September 6th, 2017 - 10:10 GMT

Moody’s Cuts Oman Banking Outlook on Weak Government Support, Poor Growth

Cityscape Global is set to take place from September 11-13 at the Dubai World Trace Centre. (Karim Sahib/ AFP)
September 6th, 2017 - 07:49 GMT

Dubai Developer Emaar Not Participating in Cityscape Global This Year

This year, the Hong Kong-based carrier reported its first annual loss since the 2008 global financial crisis. (Dale De La Rey/ AFP)
September 5th, 2017 - 11:31 GMT

Cathay Pacific Announces Major Management Shake-up, Moves Hub to Dubai

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