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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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Here is good news for UAE residents: There will be no value-added tax (VAT) on air travel, tuition fees and doctor's fees. (File photo)
August 29th, 2017 - 01:26 GMT

Good News for UAE Residents: No VAT on Air Travel, School Fees or Doctor's Bill

Step 1: Work hard, seriously. (Shutterstock)
August 29th, 2017 - 01:23 GMT

Your Guide to Getting Promoted at Work in the Middle East

A total of AED151 billion ($41 billion) was invested by foreigners in Dubai property market between January 2016 and June 2017. (File photo)
August 29th, 2017 - 01:12 GMT

Foreigners Invest $41 Billion in Dubai Property in 18 Months: Report

Huawei exceeded iPhone’s market share in Saudi Arabia as of end of July 2017. (File photo)
August 29th, 2017 - 12:43 GMT

Huawei Surpasses iPhone’s Market Share in Saudi Arabia: Report

Garden-themed Cityland Mall is coming up near Global Village next year. (KhT)
August 29th, 2017 - 12:40 GMT

Central Park in Dubai: Garden-Themed Mall Set to Open in Dubai in 2018

The UAE is introducing a 5 percent value-added tax (VAT) as of January 2018. (File photo)
August 29th, 2017 - 12:25 GMT

Pay Zero VAT on These Goods, Services in the UAE

The rise of the country’s women is nothing but a result of continued encouragement and support from the UAE’s leadership. (Shutterstock)
August 29th, 2017 - 12:16 GMT

Girl Power: Women Make up 70 Percent of UAE Nationals in Banks

Many citizens have expressed their dismay at the high prices which tend to increase around this time of the year. (AFP/ File)
August 29th, 2017 - 12:08 GMT

Sheep Prices in Saudi Arabia Jump Ahead of Eid Al-Adha; Buyers Angry

Oman has announced a halt in permits given to non-Omani labor in certain sectors. (Shutterstock)
August 29th, 2017 - 11:50 GMT

Oman Announces Six-Month Ban on Expat Workers in Some Sectors

S&P affirmed this week its 'AA-/A-1+' long- and short-term foreign and local currency sovereign ratings on Qatar. (Shutterstock)
August 29th, 2017 - 11:28 GMT

Qatar’s Outlook Negative as Long as Blockade Remains: S&P

A combined fare on the Stockholm-Dubai route under the carrier will cost as little as $270, according to its website. (Shutterstock)
August 29th, 2017 - 11:12 GMT

In Blow to Emirates, Low-Cost Norwegian Air Plans Direct Stockholm-Dubai Flights

RTA announces timings for metro, tram, bus and marine services
August 29th, 2017 - 11:12 GMT

Free Parking for Four Days in Dubai for Eid Al Adha Holidays

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