Economy



US market regulator investigating oil giant

WASHINGTON: The US Securities and Exchange Commission has subpoenaed documents from Brazil’s state oil giant Petrobras in an ongoing investigation, Petrobras said in an SEC filing Tuesday.



Affordability key ‘deterrent for property buyers in KSA’

The lack of affordable housing is stopping house-hunters in Saudi Arabia from purchasing property, according to new research.



Al-Khodari proposes SR500 million capital hike

JEDDAH: Saudi Arabia’s Abdullah Abdul Mohsin Al-Khodari and Sons has proposed raising its capital by SR500 million through a rights issue and will use the money to expand its business, the builder sai





Europe ‘must not weaken net neutrality rules’

BRUSSELS: The European Union’s new digital tsar has voiced alarm at the efforts of some EU governments to water down equal Internet access, just as EU plans for “net neutrality” were being echoed in t



Topaz to raise $550m loan for expansion

DUBAI: Dubai-based Topaz Energy and Marine plans to raise $550 million in debt from banks in early 2015 to lower its borrowing costs and fund potential expansion at a time when the oil services market





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