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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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Recurring revenue from Emaar’s shopping malls and retail, hospitality and leisure, commercial leasing and entertainment businesses represents 38 percent of the total revenue. (File photo)
August 14th, 2017 - 02:26 GMT

UAE's Emaar Properties Records 15 Percent Growth in Net Profit for H1 2017

The contractor posted a net loss of Dh199 million for the second quarter of 2017. (File photo)
August 14th, 2017 - 02:19 GMT

Drake & Scull Fires CEO, Completes Sale of Majority Stake

Saudi Arabia hosted the only three IPOs of this quarter. (File photo)
August 14th, 2017 - 01:35 GMT

IPO Activity in GCC Slows Down in Q2 2017: Report

The property market in Dubai continues to demonstrate further stabilization following the turbulence seen in 2016 with the drop in oil prices and sluggish global trade. (File photo)
August 14th, 2017 - 01:26 GMT

Damac Reports Growth in Sales Performance, Revenues for H1 2017

Consumer spending is a major component in the UAE's GDP with a 45 percent share, compared to 39 percent on average for the GCC region. (File photo)
August 14th, 2017 - 01:11 GMT

Rents and Food Lead Consumer Spending in UAE: Report

The recovery in oil prices this year had been a key factor behind the reduced budget deficit. (File photo)
August 14th, 2017 - 09:50 GMT

Saudi Budget Deficit Down 51 Percent Following Oil Recovery, Spending Cuts

The list of the worst 10 airports around the world has Jeddah at the top, followed by South Sudan and Nigeria closing the top three. (AFP)
August 13th, 2017 - 12:22 GMT

Jeddah's King Abdulaziz Airport Voted 'Worst in the World' by Passengers

Muscat also emerged as the most affordable city to live in the Middle East, along with Khobar and Jeddah in Saudi Arabia. (File photo)
August 13th, 2017 - 12:00 GMT

Oman Third Most Affordable Place to Buy a House in the World: Report

The parks are expected to generate an estimated SAR130 billion ($34.6 billion) and draw 5.6 million visitors annually. (File photo)
August 13th, 2017 - 11:47 GMT

Saudi Arabia Has Plans for 24 Theme Parks to Boost Tourism, Jobs

Profitability at the five largest Saudi banks could be pressured going into 2018, according to Moody's. (File photo)
August 13th, 2017 - 11:14 GMT

Saudi Banks to Face Profitability Pressures in 2018: Moody's

The agreements focused on pharmaceuticals, foodstuff, construction, building materials, shipping, logistics, plastic, aluminium, glass, technology, furniture, and air-conditioning sectors. (Shutterstock)
August 13th, 2017 - 10:59 GMT

Qatar, Turkey Strengthen Economic Ties With 15 New Agreements

The developer has announced the completion of Azizi Royal Bay in just 22 months. (Courtesy of Azizi Developments)
August 13th, 2017 - 09:50 GMT

Azizi Developments Announces Dh350 Million Project on Palm Jumeirah

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