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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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Boursa Kuwait records net profit of KD 4.31 million for the first quarter of 2023
May 2nd, 2023 - 03:40 GMT

Boursa Kuwait records net profit of KD 4.31 million for the first quarter of 2023

OFFTEC Holding Group Holds Annual Ordinary General Assembly Meeting
May 2nd, 2023 - 03:25 GMT

OFFTEC Holding Group Holds Annual Ordinary General Assembly Meeting

GE and UICCA sign MoU to accelerate energy transition and advance innovative climate solutions
May 2nd, 2023 - 03:04 GMT

GE and UICCA sign MoU to accelerate energy transition and advance innovative climate solutions

Emirates strengthens collaboration with Indonesia, Morocco and Zimbabwe Tourism Boards to boost inbound visitors from around its network
May 2nd, 2023 - 12:57 GMT

Emirates strengthens collaboration with Indonesia, Morocco and Zimbabwe Tourism Boards to boost inbound visitors from around its network

Etihad Airways wins hat-trick of 2023 business traveller awards
May 2nd, 2023 - 10:55 GMT

Etihad Airways wins hat-trick of 2023 business traveller awards

Jazeera Airways achieves KD2.3 million net profit in first quarter 2023
May 2nd, 2023 - 10:41 GMT

Jazeera Airways achieves KD2.3 million net profit in first quarter 2023

Federal Tax Authority’s Customer Council outlines procedures for recovering VAT Incurred on Construction and Operation of Mosques
May 2nd, 2023 - 10:35 GMT

Federal Tax Authority’s Customer Council outlines procedures for recovering VAT Incurred on Construction and Operation of Mosques

Yen continues sharp decline, Australian dollar jumps after unexpected interest rate hike
May 2nd, 2023 - 10:17 GMT

Japanese Yen slides as Australian dollar shores up

GCC and Global Markets were positive in anticipation of a pause in Fed Rate Hikes
May 2nd, 2023 - 09:56 GMT

GCC and Global Markets were positive in anticipation of a pause in Fed Rate Hikes

Dubai Festival for School Theatre: Students' creativity on stage
May 2nd, 2023 - 09:51 GMT

Dubai Festival for School Theatre: Students' creativity on stage

BP: Announces Q1 net profit of $4.96 billion, below last year's exceptional levels
May 2nd, 2023 - 09:44 GMT

BP reports $4.96b net profit in 1st quarter

WCM-Q alum awarded prestigious research grant
May 2nd, 2023 - 09:23 GMT

WCM-Q alum awarded prestigious research grant

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