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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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Gartner Poll Finds 45% of Executives Say ChatGPT Has Prompted an Increase in AI Investment
May 14th, 2023 - 09:44 GMT

Gartner Poll Finds 45% of Executives Say ChatGPT Has Prompted an Increase in AI Investment

Iraqis banned from trading in US dollar
May 14th, 2023 - 09:34 GMT

Iraqis banned from trading in US dollar

Samsung Gulf empowers Middle East gamers at top Mobile Legends tournament
May 14th, 2023 - 09:31 GMT

Samsung Gulf empowers Middle East gamers at top Mobile Legends tournament

HP Indigo Infuses the Print Production Floor with the Power of Software and Data
May 14th, 2023 - 09:28 GMT

HP Indigo Infuses the Print Production Floor with the Power of Software and Data

Emirates goes digital, phases out paper boarding passes for flights departing Dubai
May 14th, 2023 - 09:04 GMT

Emirates goes digital, phases out paper boarding passes for flights departing Dubai

Bank ABC Islamic announces first quarter 2023 net profit of US$9.9 million
May 14th, 2023 - 08:40 GMT

Bank ABC Islamic announces first quarter 2023 net profit of US$9.9 million

Gov’t sells 9.5% stake in Telecom Egypt
May 14th, 2023 - 08:29 GMT

Gov’t sells 9.5% stake in Telecom Egypt

The Islamic Development Bank (IsDB) and its development partners, the Abu Dhabi Fund for Development (ADFD), the Bill & Melinda Gates Foundation (BMGF) and the Islamic Solidarity Fund for Development (ISFD) today announced the launch of the second phase of the Lives and Livelihoods Fund (LLF 2.0) on the sidelines of the IsDB Annual Meetings 2023.  The launch event was attended by the principals of the Fund’s founding partners, including His Excellency Mohamed Saif Al Suwaidi, Director General of Abu Dhabi F
May 14th, 2023 - 08:28 GMT

Islamic Development Bank and partners launch the Lives and Livelihoods Fund 2.0 to support economic development across 32 member countries

NBB Sponsors Ahli Club at This Year’s Asian Men's Club Volleyball Championship
May 14th, 2023 - 08:19 GMT

NBB Sponsors Ahli Club at This Year’s Asian Men's Club Volleyball Championship

Emirates Development Bank Concludes Successful Participation in Annual Investment Meeting
May 14th, 2023 - 07:37 GMT

Emirates Development Bank Concludes Successful Participation in Annual Investment Meeting

Emaar records a 43% increase in net profit for Q1 2023 achieving group property sales of AED 9.2 billion ($2.5 billion)
May 14th, 2023 - 07:34 GMT

Emaar records a 43% increase in net profit for Q1 2023 achieving group property sales of AED 9.2 billion ($2.5 billion)

Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), recorded robust property sales with a 26% increase to AED 8.603 billion (US$ 2.342 billion) in Q1 2023 compared to AED 6.843 billion (US$ 1.863 billion) in Q1 2022. This performance resulted from Emaar Development's successful property launches, which created a good revenue pipeline for the future and marked steady progress towards the company's strategic
May 14th, 2023 - 07:22 GMT

Emaar Development records 26% growth in property sales to AED 8.603 billion (US$ 2.342 billion) in Q1 2023

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