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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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Al Bawaba
July 4th, 2011 - 01:10 GMT

Yemen: electricity blackouts crippling businesses

British energy giant BP, the 15th-biggest company in terms of oil reserves, is relying on closer links with National Oil Companies to gain access to huge oil reserves in Gulf countries and Russia
July 4th, 2011 - 01:01 GMT

State oil companies hold keys to access for private sector

Greece is suffering its deepest recession in 40 years and a default would probably lead banks to freeze lending to other indebted European countries, causing a eurozone debt crisis
July 4th, 2011 - 12:51 GMT

Greece boosts Dubai market

Economists say Egypt could be a centre for Islamic finance. Good news for Muslim Brotherhood.
July 4th, 2011 - 06:57 GMT

Egypt urged to manage finances by Sharia rules

Al Bawaba
July 4th, 2011 - 06:54 GMT

McDonald's frying oil to fuel lorries in UAE

Al Bawaba
July 4th, 2011 - 06:42 GMT

Middle East H1 M&A activities jumped 43%

Al Bawaba
July 3rd, 2011 - 12:40 GMT

'No curbs' on work permits for expats in Oman

The initiative to curb money laundering, fraud and terror financing has been strongly backed by the Saudi Arabian Monetary Agency
July 3rd, 2011 - 12:37 GMT

Saudi Arabia at forefront of fighting financial crimes

Experts estimate that Doha, flush with cash, will spend around $65 billion to prepare for the World Cup
July 3rd, 2011 - 12:35 GMT

Qatar building boom bets on life after World Cup

Al Bawaba
July 3rd, 2011 - 08:50 GMT

Iraq amends draft oil and gas law

Al Bawaba
July 3rd, 2011 - 08:40 GMT

Does closing shops during prayers serve purpose?

Al Bawaba
July 3rd, 2011 - 08:37 GMT

Muslims must adapt to change

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