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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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The situation is set to improve during the second half, which may only constitute a hiatus before a new wave of non-OPEC production to the tune of 2.1 million bpd hits the markets.
July 16th, 2019 - 09:09 GMT

Oil Markets Brace for Non-OPEC Supply Increase

During the event
July 16th, 2019 - 09:06 GMT

RJ and Private Hospitals Association Sign Agreement to Boost Medical Tourism

This collaboration was originally intended to improve the quality of lives in Egypt by boosting the economy and decreasing unemployment.
July 16th, 2019 - 09:04 GMT

'Ministry of Happiness' in Egypt: Rumor or Fact?

Total exports rose only 0.1 percent on-year during the first six months.
July 16th, 2019 - 09:01 GMT

China GDP Growth Slows to 6.2 Percent in Q2, Weakest Pace in 30 Years

Saqr Hamdan Al Zaabi
July 16th, 2019 - 08:56 GMT

Ajman Bank Continues to Foster Development of UAE Nationals by Awarding Senior Roles in Higher Management

During the event
July 16th, 2019 - 08:47 GMT

Khalifa Fund and Ethiopian Ministry of Finance Sign USD 100 Million Agreement to Promote a Culture of Innovation and Entrepreneurship in Ethiopia

Emirates announced today its plan to launch a new daily service from Dubai (DXB) to Mexico City International Airport (MEX), via the Spanish city of Barcelona (BCN), starting on 9 December 2019.
July 16th, 2019 - 08:30 GMT

Emirates to Launch Services to Mexico City via Barcelona

During the event
July 16th, 2019 - 08:13 GMT

TAG-Knowledge Forum Organizes Panel on ‘Impact of Drug Abuse on Society’

Oman’s dependence on imported goods has decreased, according to data from the National Centre for Statistics and Information.
July 16th, 2019 - 08:11 GMT

Oman's Imports Plummet by 9.1 Percent

The project will slash annual CO2 emissions by 3,243 metric tonnes.
July 16th, 2019 - 08:11 GMT

Dubai Installs Region's Largest Airport Solar Energy System

Work under the contract will be performed at the company's plant in Mesa, Ariz., with an estimated completion date of Dec. 31, 2024.
July 16th, 2019 - 08:08 GMT

Boeing Awarded $96.9 Million Contract to Provide UAE With Apache Helicopters, Training Support

Some banks are using robots to make their banking services easier to access.
July 16th, 2019 - 07:58 GMT

People Using Digital Banking in UAE Soar to 90 Percent

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