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Dubai / Emirates Business The annual YouGov survey conducted by IP Global, the leading full-service property investment company, has confirmed that property remains the preferred investment asset by UAE residents, with 40% of residents planning to invest in property in the UAE and 18% planning to do so overseas in the next year. In a bi-annual study taken by 1000 ...

Bloomberg A $45,000 electric SUV using facial recognition to unlock doors, Amazon’s Alexa to entertain and a 49-inch screen across the dashboard may be a harbinger of driving’s future. It also shows what China’s doing to grab that business now as the government pushes gas guzzlers off its roads. Byton, a Nanjing-based company started by former BMW AG executives, became ...

Bloomberg Insurance may lack the buzz and cachet enjoyed by tech companies, yet the stock of one Chinese company in the industry has kept pace handsomely with some of the highest-flying champions of the digital revolution. Ping An Insurance (Group) Co.’s success shows how the lines between “new” and “old” economy businesses are breaking down, forcing investors and strategists to ...

Bloomberg Life Healthcare Group Holdings Ltd., the second-largest private hospital owner in South Africa, is considering a sale of its stake in India’s Max Healthcare Ltd., people with knowledge of the matter said. The Johannesburg-based company is working with Barclays Plc to explore potential interest in its holding in Max Healthcare, which is one of India’s largest private hospital chains, ...

DUBAI / Reuters OPEC is monitoring unrest in Iran as well as Venezuela’s economic crisis, but the group will only boost output if there are significant and sustained production disruptions from those countries, a senior OPEC source from a major Middle Eastern oil producer said. Venezuela’s economic troubles have hit the country’s oil out-put, which is at near 30-year lows, ...

Bloomberg Saudi Arabian Oil Co. and some of the kingdom’s biggest companies said they’ll pay Saudi staff more money, matching a royal order that extended handouts to government workers to ease public discontent over rising prices. Aramco, preparing for what could be the world’s largest initial public offering, will pay “eligible employees” an extra 1,000 riyals ($267) a month for ...

Bloomberg Oil rose after drilling activity in the US eased, adding to signs the global crude surplus is abating. West Texas Intermediate futures rose 0.5 percent, following a 1.7 percent increase last week, when they hit a three-year high. Rigs drilling for crude fell by five to 742 in the seven days ended January 5, according to Baker Hughes data. ...

SINGAPORE/ Reuters Profits for Asia’s oil refiners dropped to their lowest since May last year as rising supplies dragged down regional fuel prices at the same time that global crude oil prices have climbed to two-year highs, data on Thomson Reuters Eikon showed. Margins at a typical complex refinery in Singapore fell to $5.93 a barrel, the lowest since May ...

Bloomberg Retailer United Electronics Co., the second-best performing Saudi Arabian stock of 2017, is looking to increased demand for televisions before this year’s soccer World Cup, expanded consumer credit and rising online sales to counter any slowdown caused by the start of value-added tax. The company, known as eXtra, plans to open new stores in 2018 as it seeks to ...

Bloomberg Danish drugmaker Novo Nordisk A/S made its largest takeover offer ever, an unsolicited 2.6 billion-euro ($3.1 billion) bid for Belgium’s Ablynx NV, to beef up its lesser known blood-disorder unit and rekindle growth. The offer for Ablynx signals a higher appetite for deals at the world’s biggest maker of diabetes medicines. After taking the reins, CEO Lars Fruergaard Jorgensen ...