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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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Uber generated $6.5 billion in revenue in 2016 after gross bookings doubled to more than $20 billion.
August 24th, 2017 - 10:48 GMT

Uber Targets Business Users in Saudi Arabia With New Platform

Flyadeal is a subsidiary of the Saudi Arabian Airlines group (Saudia) and will begin flight operations in September 2017. (File photo)
August 24th, 2017 - 10:43 GMT

Dubai Aerospace Delivers First A320 to Saudi Low-Cost Airline Flyadeal

Turquoise Restaurant
August 24th, 2017 - 08:34 GMT

Rixos Premium Dubai Launches Its Friday Brunchthis August

Student celebrates result at GEMS Wellington International School
August 24th, 2017 - 08:24 GMT

GEMS Education’s IGCSE Students Celebrate Outstanding Results

Hyundai Motor s Next-Gen Fuel Cell SUV 4
August 24th, 2017 - 08:17 GMT

Hyundai’s Next-Gen Fuel Cell SUV Promises Range and Style

Hans Schiller Cluster General Manager - Hilton Abu Dhabi and Hilton Al Ain
August 24th, 2017 - 08:09 GMT

Hilton Abu Dhabi Appoints New General Manager

Dubai Font campaign by ASDA’A Burson Marsteller
August 24th, 2017 - 08:04 GMT

Asda’a Burson-Marsteller Awarded Coveted ‘Grand Stevie’ After Record 28 Wins at the 2017 IBAs

CAREEM
August 24th, 2017 - 07:52 GMT

Careem Adds Another Layer to Customer Safety With New Call Masking Feature in Jordan

The program will officially launch on September 11 at The Ritz-Carlton, Riyadh.
August 24th, 2017 - 07:33 GMT

Marriott Course to Jumpstart Hospitality Career for Saudi Nationals

Gulf Air
August 24th, 2017 - 07:23 GMT

Gulf Air and Oman Air Ink Codeshare Deal

The revenue growth was supported by the strong volume growth across all three DP World regions.
August 24th, 2017 - 07:14 GMT

DP World H1 Revenues Grow 9.6 ​​Percent​ to $2.29 Billion

In action
August 24th, 2017 - 05:21 GMT

First Emirati Women Graduate as ‘Master of Coastal Waters’ & ‘VTS Operator’ From Abu Dhabi Ports Maritime Training Centre

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