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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 Dubai Food Park will occupy around 48 million square feet and play a vital role in supporting food security in the UAE. (WAM)
July 12th, 2017 - 09:15 GMT

Dubai Launches $1.5 Billion Food Park in Wholesale City

The listing is still under consideration. (Photo courtesy of ADNOC)
July 12th, 2017 - 08:16 GMT

ADNOC Plans IPO of Retail Unit at $14 Billion Value: Sources

A picture taken on October 29, 2014 shows a model of a train at the Riyadh Metro company’s operation building in Riyadh. (Fayez Nureldine/ AFP)
July 12th, 2017 - 07:54 GMT

Saudi Arabia Calls for Privatization in Railway, Sewage Sectors

The contractor did not say how many jobs would be lost following its withdrawal from three major Middle East construction markets. (File photo)
July 11th, 2017 - 11:16 GMT

UK Contractor Pulls out of Middle East on Construction Slowdown, Weak Oil Prices

An Aramco oil facility in Saudi Arabia. (Hassan Ammar/ AFP)
July 11th, 2017 - 10:30 GMT

Saudi Aramco to Spend $300 Billion as CEO Frets About Oil Supplies: Bloomberg

The pods can serve in a surveillance role to provide exact locations of targets. (File photo)
July 11th, 2017 - 09:56 GMT

Bahrain Buys $22.5 Million Worth of F-16 Sniper Pods From Lockheed Martin

One third of the funds, i.e. $111 million, has been allocated to areas of energy, water, agriculture, irrigation, and transport in low-income countries in Africa, Asia and Latin America. (Boureima Hama/ AFP)
July 11th, 2017 - 09:42 GMT

OPEC Approves $320 Million Funds for Development Projects

Turkish President Recep Tayyip Erdogan (R) shakes hands with his Iranian counterpart Hassan Rouhani during an official welcoming ceremony at the presidential complex in Ankara on April 16, 2016. (Adem Altan/ AFP)
July 10th, 2017 - 02:21 GMT

Iran, Turkey Mull Free Trade Agreement to Boost Cooperation

Egypt's sunny skies and superior seed help it grow a cotton known for unusually long fibres that produce a light, durable fabric. (File photo)
July 10th, 2017 - 01:37 GMT

Egypt to Double Its Cotton Production and Export

US President Donald Trump attends a working session during the G20 summit in Hamburg on July 8, 2017. (Markus Schreiber/ AFP)
July 10th, 2017 - 01:30 GMT

Yemen to Get $191 Million of Food, Humanitarian Aid From Donald Trump

An Iranian flag flutters outside an annual oil and gas conference in Tehran. (Reuters)
July 10th, 2017 - 01:12 GMT

Iran’s Oil Exports Increase by 77 Percent in 2016: OPEC

Kuwait Airways plane. (File photo)
July 10th, 2017 - 12:57 GMT

US Lifts Laptop Ban From Kuwait Airways Flights

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