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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 country said it would allow complete foreign ownership of all types of education centers, including primary schools. (Amer Salem/ AFP)
August 27th, 2017 - 10:12 GMT

Saudi Arabia to Allow Full Foreign Ownership for Health, Education Sectors

DP World's first-half revenues were up 9.6 percent to $2.29 billion, from $2.09 billion in June 2016. (File photo)
August 27th, 2017 - 10:05 GMT

DP World's Cash Flow Steady Despite Flat First-Half Results: CEO

Archived image of KPMG events.
August 27th, 2017 - 10:03 GMT

KPMG, Capital Club Bahrain to Host Seminar on Value-Added Tax (VAT) Compliance

Abu Tawileh Group
August 27th, 2017 - 09:57 GMT

Abu Tawileh Group and Whirlpool Corporation Launch New Ariston Natis Washing Machine in Jordan

During the event
August 27th, 2017 - 09:42 GMT

Dubai Culture to Organise Two Workshops Focused on Acting and Stage Directing

King Salman. (AFP/ File photo)
August 27th, 2017 - 09:36 GMT

Saudi Arabia, China Announce $20 Billion Joint Investment Fund

Burj Al Sarab
August 27th, 2017 - 09:31 GMT

Jannah Burj Al Sarab Wins Top Recognitions at the International Hotel Awards

Oman Oil Marketing Company has provided customers in the Sultanate with lubricant retail products that deliver long-term engine life, better power and greater fuel efficiency.
August 27th, 2017 - 09:21 GMT

Oman Oil Marketing Company Concludes Successful BP Visco Summer Promotion


SAMENA & Intigral
August 27th, 2017 - 09:00 GMT

Intigral Becomes Member of SAMENA Telecommunications Council

Bahri Dry Bulk Agreement with HHI
August 27th, 2017 - 08:52 GMT

Bahri Dry Bulk Signs Agreement With Hyundai Mipo Dockyard to Build Four Bulk Carriers

DUAL COOL
August 27th, 2017 - 08:46 GMT

LG Highlights the Quest for a Sustainable Future Begins at Home

Partnership between EMC and Liebherr will yield a total sale of 200 units within the year of 2017
August 27th, 2017 - 08:31 GMT

Strategic Partnership Between Emirates Motor Company and Liebherr to Penetrate the UAE Market

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