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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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Markazia Lexus
July 15th, 2019 - 10:00 GMT

Markazia Lexus Creates a Unique Movie Theater Experience for ‘Men in Black: International’ Screening in Amman

The trend in Abu Dhabi in the first half of the year has seen a shift towards affordability and competitive pricing.
July 15th, 2019 - 09:56 GMT

Rental Prices in Abu Dhabi Continues to Decline Throughout the Rest of the Year

The power sector continues to evolve throughout the region, driven by the need for countries to meet demand growth, diversify their economies and create efficiencies.
July 15th, 2019 - 09:56 GMT

$209 Billion Worth of Investments Required in MENA to Meet Demand in Power Sector

Average daily rate (ADR) rose 7.2 per cent to Dh339.31 ($92.3) .
July 15th, 2019 - 09:56 GMT

Abu Dhabi Hotel Occupancy Soars to 62.9 Percent in June

The expo will have three main entrances as well as the Dubai Metro entrance.
July 15th, 2019 - 09:56 GMT

Dubai Builds Transport System for 25 Million Expo2020 Visitors

Mikako Kitagawa, Gartner
July 15th, 2019 - 09:43 GMT

Gartner Says Worldwide PC Shipments Grew 1.5 Percent in Second Quarter of 2019

Since the inception of Microsoft's co-sell programme 24 months ago, it has seen $9.5 billion in annual contracted partner revenue.
July 15th, 2019 - 09:37 GMT

Microsoft Announces New Investments to Support Its Partner Ecosystem

According to the iPhone-maker, there are several things that may cause an iPhone to catch fire, including using unauthorised charging cables and chargers.
July 15th, 2019 - 09:29 GMT

Apple Investigates an iPhone 6 Explosion Incident

A cut in interest rates would fuel both the ongoing stock market rally and low bond returns - both factors which make gold more attractive.
July 15th, 2019 - 09:24 GMT

Global Gold Demand Projected to Soar

Randy Krieger, President, Direct Markets, Ford Motor Company
July 15th, 2019 - 09:20 GMT

Randy Krieger to Head Ford’s Direct Markets Across Middle East, Africa and Asia Pacific

The Boeing 737 Max was grounded worldwide.
July 15th, 2019 - 09:16 GMT

Boeing 737 Max Unlikely to Restart Operations Before 2020

Millennium Resort Salalah
July 15th, 2019 - 09:13 GMT

Experience a Perfect Getaway in Oman With Millennium Resort Salalah

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