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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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Ahmad Bin Shafar, CEO of Empower
August 23rd, 2017 - 10:29 GMT

Empower’s ‘Smile at 24 Degrees’ Campaign Records Saving of 5.2 per Cent Energy in the Second Month

According to the law, tobacco and energy drinks will be taxed at 100 percent, while other soft drinks will receive a 50 percent levy. (File photo)
August 23rd, 2017 - 10:22 GMT

UAE to Apply 100% Tax on Tobacco, Energy Drinks Starting October 1

Thuwaini Khaled Al-Thuwaini, deputy chief investment banking officer
August 23rd, 2017 - 10:14 GMT

Warba Bank Acquires Property in Dallas

LG SIGNATURE Launch Brand and Product Ambassadors
August 23rd, 2017 - 10:10 GMT

LG’s First Ultra-Premium Brand LG SIGNATURE Debuts Across the GCC

Sultan Ahmed Bin Sulayem, Group Chairman & CEO, DP World
August 23rd, 2017 - 10:03 GMT

Dubai Exports Brings East Asia Closer With New Office in Hong Kong

Rashed Al Blooshi, Chief Executive of ADX
August 23rd, 2017 - 09:52 GMT

Emirati Women Investors Market Value of Shares Reaches 18.8 Billion Dh by End of H1-2017

Address Fujairah Resort + Spa.
August 23rd, 2017 - 09:29 GMT

Abu Dhabi’s Eagle Hills Secures $82 Million Loan for Address Fujairah Resort

Alba’s chief executive officer Tim Murray.
August 23rd, 2017 - 09:11 GMT

Alba Line 6 Project Achieves 2 Million Man-Hours Without LTI

Dr Ramadan AlBlooshi and Salem Khalifa a the signing. (Wam)
August 23rd, 2017 - 09:03 GMT

Dubai Healthcare City, DSO Sign Partnership

King Abdulaziz City for Science and Technology
August 23rd, 2017 - 08:56 GMT

KACST Provides Cloud Backup With Veeam

HSW Ice Bucket Challenge
August 23rd, 2017 - 08:48 GMT

Hawthorn Suites by Wyndham JBR Beefs up CSR Activities

Two employees from Saudi Zain Telecom experience du best practices to inspire efficiency amongst both operators
August 23rd, 2017 - 08:40 GMT

Saudi Zain Telecom Employees Join Du as Part of the Exchange Experience Program

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