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BUSINESS

BUSINESS latest

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 Webb Ellis Cup stopped over in Dubai en-route to Auckland and was photographed at the top of the world’s tallest building, the Burj Khalifa
September 3rd, 2011 - 05:43 GMT

Emirates delivers Webb Ellis Cup to Auckland in style

Yemen
September 1st, 2011 - 08:01 GMT

Huge decline in Yemeni imports

Libya revolt
August 31st, 2011 - 08:37 GMT

Western countries want Libya reconstruction operations to be self-funded

Assessing the broader impact of Syria’s unrest on the economy is difficult because of a lack of data – the most recent published Central Bank figures cover April, just a few weeks after the unrest broke out in mid-March
August 31st, 2011 - 05:37 GMT

EU oil sanctions jolt may not be enough to rock Assad

Stores across Abu Dhabi are continuing to offer bargain prices so that residents can continue shopping into their Eid breaks
August 31st, 2011 - 05:15 GMT

Slew of activities lined up to celebrate Eid Al Fitr in Abu Dhabi

The 2012 model year vehicles have started to make it to the showrooms and getting vantage positioning; what remains to be seen is how many buyers are going to turn up
August 30th, 2011 - 01:57 GMT

Cars' dealers pin hopes on Eid campaigns to boost sales in the UAE

Morocco king
August 30th, 2011 - 06:37 GMT

Crisis budget in Morocco

Egypt welcomed 5.7 million tourists from January to July compared to 8.2 million visitors during the same period last year, most of the inbound tourists came from Russia, UK, Germany, Italy and France
August 30th, 2011 - 05:52 GMT

Tourism in Egypt drops 28%

Retail sales in the emirate will likely increase 7.2 percent this year, up from last year’s 3.6 percent growth, the Dubai Chamber of Commerce and Industry estimates
August 30th, 2011 - 05:25 GMT

Retailers target Dubai with Mideast shopping in its prime

Historically, Turkish contractors have had a long-standing presence in the Middle East and Gulf infrastructure projects have provided a growing share of their international business
August 29th, 2011 - 02:55 GMT

Turkish delegation reviews business prospects in Oman

South Africa is a hub of trade activity, with much untapped potential that is not limited to the food manufacturing industries
August 29th, 2011 - 02:14 GMT

Future bright for UAE-South Africa trade ties

The main challenge that banks currently face, is to steer clear of financial sanctions which have been a major part of the current regional climate
August 29th, 2011 - 02:02 GMT

Lebanese banks safe from regional unrest

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