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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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Unless FIFA cleans up the mess, all sponsors are in real danger of reeling from the impact of negative association
June 26th, 2011 - 01:41 GMT

When sponsorship goes wrong: a FIFA case study

Saudis who use credit cards abroad are slammed by inflated bills when they come back home, as banks add unexpected fees to their purchases
June 26th, 2011 - 01:36 GMT

Credit cards: boon or bane?

Al Bawaba
June 26th, 2011 - 01:32 GMT

Economic risk for Egypt and Tunisia from Eurozone

Personal loan or consumer loan remains the key revenue driver for Omani banks
June 26th, 2011 - 08:02 GMT

Personal loan remains key revenue for Omani banks

Al Bawaba
June 26th, 2011 - 07:51 GMT

Egypt: court sentences ex-trade minister to 5 years

Al Bawaba
June 26th, 2011 - 07:48 GMT

Takaful industry is set for major growth

Al Bawaba
June 23rd, 2011 - 01:12 GMT

Yemen losses near $1 bn after pipeline blast

The timing for activating the 10 percent property tax law in Egypt: inappropriate or just another 'goose that will lay golden eggs'?
June 23rd, 2011 - 01:08 GMT

Egypt: The golden goose ‘back to life’

A safety inspector looks over containers alongside the Jebel Ali Free Zone in Dubai (Credit: The New York Times)
June 23rd, 2011 - 01:04 GMT

Oman Free Trade Zones take major economic strides

Founder and CEO of Kingdom Holding Company, Saudi Prince Al Waleed Bin Talal net worth was recently estimated by Forbes at US$19.6 billion, making him the 26th richest person in the world
June 23rd, 2011 - 08:41 GMT

Number of Mideast millionaires up 10.4 percent


Nakheel former CEO, Chris O'Donnell
June 23rd, 2011 - 08:00 GMT

Nakheel former CEO sues company for breach of contract

Al Bawaba
June 23rd, 2011 - 07:45 GMT

Middle East crude market sentiment bearish

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