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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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Gordon Ramsay
July 28th, 2019 - 05:47 GMT

Gordon Ramsay Serves Up Adventure in New National Geographic Series

Savitha Bhaskar, COO at the UAE-based IT infrastructure and information management consultancy and solutions provider Condo Protego
July 28th, 2019 - 05:28 GMT

UAE Leads Regional AI Market to USD 530 Million by 2022

Chief Investment Officer - Khaled Fouad
July 28th, 2019 - 05:07 GMT

KAMCO Acts as Issuance Advisor and Subscription Agent for KIPCO’s Capital Increase

The high value of stones sold at the tenders reflects the strength of Dubai’s diamond trade.
July 28th, 2019 - 04:58 GMT

Three Successful Diamiond Tenders Hosted at DMCC’s Dubai Diamond Exchange in One Week

data2cloud
July 28th, 2019 - 04:38 GMT

data2cloud Launches Fully Integrated Email and Collaboration for Companies of All Sizes

The highest wealth transfer will materialise from 850 ultra-high net worth individuals with over $100 million wealth in the Middle East, which is estimated to be $352 billion.
July 27th, 2019 - 03:00 GMT

16,700 Millionaires to Pass $572 Billion to Middle East's Next Generation

The new data goes in tandem with other indices showing the rise in sales of cement in the local market
July 27th, 2019 - 12:00 GMT

Saudi Arabia's Real Estate Prices Increase at Record Rate

Within its outlook plans for 2020, the directorate expected the domestic demand to undergo a 3.2 percent rise in 2020
July 27th, 2019 - 08:00 GMT

Moroccan Economy Is Expected to Grow to 3.4 Percent in 2020

Boeing recorded operating cash flow of ($0.6) billion and paid $1.2 billion of dividends.
July 27th, 2019 - 06:00 GMT

737 MAX Slashes Boeing Second-Quarter Revenue by $5.6 Billion

This year’s ranking represents an 11 point jump from last year and an impressive 68 point leap from 2017.
July 25th, 2019 - 12:07 GMT

Huawei Leaps 11 Spots on 2019 Fortune 500 List

Bawadi Mall
July 25th, 2019 - 12:01 GMT

Bawadi Mall Anticipates a Good Summer Season

Ford
July 25th, 2019 - 11:56 GMT

Ford Earns Most J.D. Power APEAL Awards, Sweeping Pickup Segments; Lincoln Navigator Earns Top Large Premium SUV

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