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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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A 35-kilometer test and certification track will be built 100 kilometers north of the Red Sea port of Jeddah, in King Abdullah Economic City.
July 24th, 2019 - 11:30 GMT

World’s First Long-Range Hyperloop Test Track to Be Built in Saudi Arabia

The report comes after Snap predicted record earnings for quarter two in its first quarter earnings report in April.
July 24th, 2019 - 11:00 GMT

Snapchat Users Soar to 203 Million Users in a Year

Warba Bank
July 24th, 2019 - 10:57 GMT

Warba Bank Announces “Al Sunbula” Weekly Draw

Ahmad Bin Shafar CEO of Empower.
July 24th, 2019 - 10:54 GMT

Empower Connected Its Service to 43 New Buildings With a Cooling Capacity of More Than 56,000 Refrigeration Tonnes

Rixos Sharm El Sheikh
July 24th, 2019 - 10:46 GMT

All Inclusive Coastal Experiences Galore at Rixos Sharm El Sheikh Reveals Erkan Yildirim, Managing Director of Rixos Hotels Egypt

Abdulmalik Albalushi
July 24th, 2019 - 10:37 GMT

Oman Post CEO Highlights Potential of Postal Sector Across the Region

Our inspectors are very vigilant to keep the country borders and society safe from the dangers of illicit narcotics trade
July 24th, 2019 - 10:31 GMT

Dubai Customs Seizes 800,000 Captagon Pills in Port of Jebel Ali

Iran has taken some similar steps to increase its revenues from tourism under US sanctions.
July 24th, 2019 - 10:30 GMT

Iran Extends Visa-Waiver Program for Chinese Tourists

Ooredoo has upgraded its popular Visitor Packs to offer tourists and business travellers to Oman extra data to snap, chat and surf for longer
July 24th, 2019 - 10:25 GMT

Ooredoo Upgrades Visitor Packs for the Khareef Season

Microsoft will be accepting funding requests up to $100,000 in areas like climate change, biodiversity conservation, agriculture and water.
July 24th, 2019 - 10:09 GMT

Microsoft Partners With Leonardo Dicaprio Foundation to Empower Regional Change-Makers to Use AI for Good

New-look Edge redefines the midsize SUV segment with vast array of driver assist technologies designed to keep you safe
July 24th, 2019 - 10:02 GMT

The New Ford Edge: The Smartest, Safest and Most Advanced Ford SUV Ever

Facebook said in April that it expected to pay up to $5 billion to settle the probe.
July 24th, 2019 - 10:00 GMT

Facebook to Pay $5 Billion Fine Over Users’ Privacy Violations

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