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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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Kufpec Chief Executive Officer Nawaf Saud Al-Nasir said in a statement Saturday the deal came “as a result of the recently enacted energy reform in Mexico.
November 4th, 2014 - 05:08 GMT

(Un)expected diversification: Kuwaiti company invests in Mexico's energy sector

Between 1980 and 2013, Saudi Arabia’s life expectancy at birth increased by 12.5 years
November 4th, 2014 - 04:55 GMT

A qualitative leap? Saudi Arabia education rating goes higher than global average

UAE firms saw output growth accelerate to an all-time high, with the subindex coming in at 66.1, up from 63.2 in September.
November 4th, 2014 - 02:05 GMT

Happy National Day, indeed! UAE business activity at all-time high

Non-Jordanian investors registered 4,263 buying transactions, 2,899 for apartments and 1,364 for lands.
November 4th, 2014 - 01:57 GMT

Fueled by Syrian 'refugees'? Jordan's real estate activity 'unabated'


Gold failed to find support from the physical markets in top consuming region Asia.
November 4th, 2014 - 01:37 GMT

Gold and silver lose their shine, near four-year low

Al Bawaba
November 4th, 2014 - 05:55 GMT

Oil prices take another hit

"The method of privatisation will be determined with the advisor," one of the banking sources told Reuters.
November 4th, 2014 - 04:55 GMT

Turkey revives plans to privatize major roads, bridges

There were 51,753 Saudis who visited Egypt in August - an increase of 254.3 percent compared with August 2013.
November 3rd, 2014 - 06:55 GMT

Back, after being told 'they're missed': Gulf tourists to Egypt increase 91%

Credit cards represent only 20% of total financial transactions, while payment upon delivery occupies the lion’s share of total online purchases.
November 3rd, 2014 - 05:55 GMT

A blessing in disguise? Only 7% of Egyptians have bank accounts

Development of the part jointly owned with the Saudis has been frozen for a year, according to Al-Rai.
November 3rd, 2014 - 05:55 GMT

First oil, now gas: Kuwait, Saudi Arabia in new conflict over energy

Al Bawaba
November 2nd, 2014 - 10:34 GMT

Mission 'regional hub' accomplished? Jordan sees highest airport traffic, ever

Al Bawaba
November 2nd, 2014 - 02:08 GMT

Lebanese jewelers Mouawad will design Victoria Secret's multi-million fantasy bra this year as well!

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