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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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“This represent about 30 percent of the country’s gross domestic product,” the study said.
December 10th, 2014 - 05:55 GMT

Standing at 30% of GDP: Saudi Shoura takes on fight against 'shadow' economy

Al Bawaba
December 10th, 2014 - 04:55 GMT

Abu Dhabi Financial Group acquires London's central policing and crime building for $580 million

Qatar doesn’t produce enough chicken meat to feed its population, with imports set to rise 11 per cent next year.
December 10th, 2014 - 04:55 GMT

Getting creative? Qatar to launch chicken IPO in 2015

Taxis will be provided with the most advanced communication technology, so passengers can call a taxi company to arrange a pickup
December 9th, 2014 - 11:10 GMT

No more hailing! Saudi Arabia's taxis to go 'smart'

Al Bawaba
December 9th, 2014 - 10:59 GMT

Back on track? GCC railway to be completed in 2018

The Shoura Council also declared this year that Arabic be used as the lingua franca in international conferences and official forums inside the Kingdom.
December 9th, 2014 - 06:18 GMT

But why? Saudi Arabia shuts down 17 international schools

Kuwait has been ranked last in the list of best countries in the world for expatriates to live and work, based on a report titled ‘Expats Insider Survey 2014'.
December 9th, 2014 - 03:05 GMT

Surprise, surprise: Kuwait comes last in list of best countries for expats to live

According to the Egyptian Government, the upcoming phase will witness noticeable activity in investments in the transport and logistics sector.
December 9th, 2014 - 02:49 GMT

Benvenuto! Fifty Italian companies to come to Egypt

 
Egypt will be the second – after Kuwait – to sign a nuclear memorandum with Jordan.
December 9th, 2014 - 02:33 GMT

No Israel this time? Jordan, Egypt sign agreement to cooperate on nuclear energy

The increasingly important region is renowned for its discerning customers, who appreciate the unique combination of luxury and performance offered by Bentley.
December 9th, 2014 - 04:55 GMT

Thank you, Dubai police? More Bentley's to come to the Middle East

Earlier in October, Governor of the CBE Hisham Ramez announced the payment of $500m to Qatar.
December 9th, 2014 - 04:55 GMT

Repaying Qatar brings down Egypt's reserves by $1.1 billion in one month

Official figures show that more than 30 million people out of Iran's total population of 75 million use the Internet.
December 9th, 2014 - 04:55 GMT

Iran says it will 'identify' each and every web surfer

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