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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 training will be based on Disney's best practices in customer service. (File photo)
August 20th, 2017 - 01:00 GMT

Mickey Mouse to the Rescue: Dubai Takes Staff on 'Happiness' Training Trip to Disneyland

The company now owns and manages a fleet of approximately 400 aircraft with a value of over US$14 billion. (Pixabay)
August 20th, 2017 - 12:31 GMT

Dubai's DAE Enters Aircraft Leasing Market With Acquisition of Dublin-Based AWAS

Pilgrims walk near the construction crane which crashed in Mecca's Grand Mosque on September 11, 2015, killing more than 100 and injuring over 200 others. (AFP)
August 20th, 2017 - 10:07 GMT

Saudi Binladin Group Resumes Grand Mosque Project Two Years After Deadly Crane Crash

No instructions to stop dealing in Qatari Riyal, says Saudi Arabia. (Reuters)
August 20th, 2017 - 09:32 GMT

Saudi Arabia Denies Ban on Qatari Riyal Transactions as Haj Season Kicks Off

Indians now account for 22 percent of prime property sales in the UK capital, compared to just 5 percent of sales two years ago. (File photo)
August 17th, 2017 - 10:47 GMT

Indians Beat Arabs as Second-Largest Investors in London Property: Report

Samsung dominates the MENA region's mobile market with 38 percent market share. (Pixabay)
August 17th, 2017 - 10:06 GMT

Samsung Most Popular Mobile Phone in MENA, Says Report

Engie has acquired a 40 percent stake in Tabreed from Mubadala, the Abu Dhabi-based investment company. (Shutterstock)
August 17th, 2017 - 09:56 GMT

France's Engie Completes $762 Million Investment in Tabreed

Noor Bank. (File photo)
August 17th, 2017 - 09:34 GMT

Dubai's Noor Bank Downsizes in Huge Restructuring: Sources

Unemployment among males in 2016 stood at 13.3 percent, while female unemployment reached a whopping 24.1 percent. (AFP/ File)
August 15th, 2017 - 08:27 GMT

Jordan's Unemployment Rate Hits 16-Year High, According to New Figures

The project is expected to produce half of the country’s planned renewable energy output. (File photo)
August 15th, 2017 - 08:20 GMT

Kuwait Issues Tender for $1.2 Billion Solar Project in Al-Dibdibah

Diplomatic ties between the two countries were severed in the wake of Saddam Hussein’s 1990 invasion of Kuwait, but are now being revived. (Christophe Simon/ AFP)
August 15th, 2017 - 07:49 GMT

Saudi Arabia Launches Joint Trade Council With Iraq, Opens Border After 27 Years

Saudi Crown Prince Mohammad Bin Salman. (AFP/ File)
August 15th, 2017 - 07:22 GMT

Saudi Arabia Announces New Authority to Regulate Military Industries

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