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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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At a meeting last month, top oil exporter Saudi Arabia resisted calls from poorer members of the Organization of the Petroleum Exporting Countries to reduce production
December 8th, 2014 - 05:27 GMT

Oil prices hit new five year low

Al Bawaba
December 8th, 2014 - 05:07 GMT

I bet you thought Dubai was not oil dependent! Dubai leads losses as GCC stocks tumble

Al Bawaba
December 8th, 2014 - 04:58 GMT

Around the universe: Emirates' very own private jet flew 450 hours in 2014

Similarly, the profits dropped by 56 per cent in Q3 compared to the previous quarter when profits stood at SR143.7 million ($38.2 million), it stated.
December 8th, 2014 - 03:01 GMT

All is pegged to oil? Saudi construction firms' profit plunges 39%

The resurgence in US hiring accelerated in November and put 2014 on track to be the healthiest year for job growth since 1999.
December 8th, 2014 - 02:33 GMT

An economic comeback? US experiences highest job prospects since 1999

Soaring energy use and inadequate gas supplies have spurred the UAE to look to nuclear power to diversify its energy sources beyond
December 8th, 2014 - 01:13 GMT

A $20 billion project: UAE first nuclear reactor to come into operation in 2017

Rouhani admitted the budget for the fiscal year starting in March 2015 "would be under pressure" given the big fall in oil prices in recent months
December 8th, 2014 - 12:40 GMT

Denial is unaffordable: Iran unveils revised budget based on lower oil prices

 "Israel is of course exceptional, because it had no severe economic crisis, because you listened to Stanley Fischer's advice," he said
December 8th, 2014 - 05:55 GMT

'Israel to overtake US in economic inequality,' says Obama Advisor.

Located in the incubator building at Masdar City, the centre is a reconfigurable, multi-purpose facility and will not be restricted to providing only security solutions.
December 8th, 2014 - 05:55 GMT

More like a weapons deal? US defense firm to open new 'innovation' centre in the UAE

Al Bawaba
December 7th, 2014 - 12:05 GMT

$750 billion worth of reserves not good enough? Saudi Arabia downgraded to 'stable' over oil crash

Al Bawaba
December 7th, 2014 - 05:55 GMT

The iron giant? UAE tops world in iron consumption

The Sheraton Hotel is one of the prominent landmarks in Qatar, which has hosted numerous Arab conferences and GCC summits.
December 7th, 2014 - 05:55 GMT

Qatar achieves largest and fastest restoration of a GCC summit hotel

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