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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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During the event
August 29th, 2017 - 04:30 GMT

ADNOC Provides the Necessary Infrastructure to Enable Women to Be Partners in Core Business

Insta View Door in Door
August 29th, 2017 - 04:00 GMT

From Lowly Box to High Tech Gadget, LG Refrigerators Continue to Delight and Amaze Families World Over

Hamad Medical Corporation
August 29th, 2017 - 03:40 GMT

HMC’s Emergency and Inpatient Services to Operate 24/7 During Eid Al Adha Holidays

A view of Lebanon's capital, Beirut. (AFP/ File)
August 28th, 2017 - 02:15 GMT

Lebanon's Government Debt to Reach 140 Percent of GDP in 2018: Moody's

Egypt witnessed a large flow of investment from international oil companies in the wake of the June 30 revolution. (Reuters)
August 28th, 2017 - 01:56 GMT

Egypt Signs Three New Oil Exploration Deals in Western Desert

The number of foreign workers in the Kingdom is expected to decline from 12.2 million - or 37 percent of the country’s population - to 32.6 percent by the middle of 2017. (AFP/ File)
August 28th, 2017 - 12:44 GMT

Expat Remittances Drop 8 Percent as Saudi Arabia Enforces Expat Fee

Qatar Airways Group Chief Executive, Akbar al Baker. (AFP/ File)
August 28th, 2017 - 12:24 GMT

Qatar Airways Chief Named Chairman of IATA's Board of Governors

EUR/USD on Monday hit 1.1960, the strongest level since January 2015. (File photo)
August 28th, 2017 - 12:10 GMT

Euro Hits Two-Year High, Close to $1.20

Only 192 M&A deals were recorded across the region during the first half of 2017, compared to 250 deals in 2016. (Shutterstock)
August 28th, 2017 - 11:57 GMT

Middle East's M&A Deals Drop 23 Percent in First Half of 2017: Report

UAE president, Sheikh Khalifa bin Zayed Al Nahyan. (File photo)
August 28th, 2017 - 10:52 GMT

UAE President Approves 5 Percent Value-Added Tax, to Start in 2018

Oman is opening up the real estate market to GCC citizens and other nationalities. (Shutterstock)
August 28th, 2017 - 10:38 GMT

Oman Invests $10 Billion to Build New Homes for Expats

SYNC 3
August 28th, 2017 - 10:32 GMT

Ford’s Sync3 Navigates Its Way to Coveted Stevie Award for Automotive Software Developer NNG

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