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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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A rendering of Hamad Port. (Twitter)
July 20th, 2017 - 10:05 GMT

Qatar's Hamad Port Breaks Blockade With Five New Shipping Lines

The GCC region has several characteristics that can speed up the growth of IoT, including broadband penetration and a young, tech-savvy population that is ready for a revolution in digital services and connectivity. (Pixabay)
July 20th, 2017 - 09:48 GMT

IoT Market in GCC Has Potential to Reach $11 Billion by 2025: Experts

Leading banks such as Emirates NBD, Emirates Islamic and Dubai Islamic Bank have posted strong first-half  financial results. (AFP)
July 20th, 2017 - 09:24 GMT

Major UAE Banks Post Strong First-Half Financial Results: Details

The new system is designed to automatically detect late or non-payment of salaries to employees in the private sector. (Shutterstock)
July 20th, 2017 - 08:59 GMT

Oman Announces New Wage Protection System for Employees in Private Sector

The ambitious project connects Makkah with Madinah passing through Jeddah, King Abdulaziz Airport and King Abdullah Economic City in Rabigh. (Photo courtesy of Saudi Railways)
July 20th, 2017 - 08:33 GMT

Saudi Arabia's Haramain Train Completes Successful Test Drive to Jeddah

President Donald Trump vowed during his presidential campaign to re-open NAFTA. (AFP/ File)
July 19th, 2017 - 11:56 GMT

Trump Targets Trade Deficit, Currency Manipulation in NAFTA Talks

An Austrian soldier stands guard outside the OPEC headquarters in Vienna on November 29, 2016. (AFP/ File)
July 19th, 2017 - 11:43 GMT

OPEC Appoints Saudi Al-Qahtani as New Director of Research

An expat waits for his flight at the King Khalid International airport on February 16, 2017. (Fayez Nureldine/ AFP)
July 19th, 2017 - 11:34 GMT

Saudi Arabia’s Expat Fee Doesn't Apply to Dependents on Visit Visa

The world's first operational police robot stands at attention in Downtown Dubai on May 31, 2017. (AFP)
July 19th, 2017 - 11:16 GMT

Non-Oil Sector Will Claim 80 Percent of UAE, Saudi GDP by 2025: Report

The kingdom is preparing to implement a new version of its Nitaqat program for companies from September 3. (AFP/ File)
July 19th, 2017 - 08:20 GMT

Saudi Arabia Rejects 63 Percent of Work Visas in 2016: Ministry

Sheikha Lubna Al Qasimi, UAE Minister of State for Tolerance, was voted the most powerful Arab woman in government in 2017. (Photo: Zayed University)
July 18th, 2017 - 07:00 GMT

UAE Women Most Powerful in Arab World, According to Forbes

Across the Arab world, the use of new technology is creating opportunity and equality - but that doesn't come without disadvantages. (File photo)
July 18th, 2017 - 05:00 GMT

Opinion: Is Technology Connecting or Dividing People in the Arab World?

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