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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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Mercedes Benz GenuineParts – designed to perform and built to last
May 1st, 2023 - 09:38 GMT

Mercedes Benz GenuineParts – designed to perform and built to last

South Korea's Exports to China Experience Largest YoY Decline Among Major Exporters
May 1st, 2023 - 09:35 GMT

South Korea's exports to China decline

Davos Report Warns of Massive Labor Market Disruptions Due to Economic Slowdown and AI Dependence
May 1st, 2023 - 09:24 GMT

World Economic Forum warns of labor market disruptions

Azizi Developments expands into hospitality sector; set to introduce global hotel brand
May 1st, 2023 - 08:59 GMT

Azizi Developments expands into hospitality sector; set to introduce global hotel brand

Fuel Prices in the UAE Increase for May 2023
May 1st, 2023 - 08:43 GMT

UAE Fuel Prices rise in May 2023

Dubai Land Department simplifies unit Registration Processes by signing agreement with DAMAC Properties
May 1st, 2023 - 08:38 GMT

Dubai Land Department simplifies unit Registration Processes by signing agreement with DAMAC Properties

Study finds unequal distribution of household tasks between couples in the US
May 1st, 2023 - 08:22 GMT

Pew: Unequal household tasks among US couples

ADIB launches first-of-its-kind campaign to incentivise banking consolidation
May 1st, 2023 - 08:14 GMT

ADIB launches first-of-its-kind campaign to incentivise banking consolidation

Exxon and Chevron divided over what to do with record profits
May 1st, 2023 - 07:57 GMT

ExxonMobil, Chevron divided on record profits

Arab Bank Group profits grow by 30% to $216 million for the first quarter of 2023
May 1st, 2023 - 07:41 GMT

Arab Bank Group profits grow by 30% to $216 million for the first quarter of 2023

Rare blue diamond to be auctioned by Sotheby's in Geneva
May 1st, 2023 - 07:39 GMT

Sotheby's auctions rare blue diamond in Geneva

Libyan National Oil Corporation resumes natural gas production after 12 year hiatus
May 1st, 2023 - 07:22 GMT

Libyan firm resumes natural gas production

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