Riyadh / Emirates Business With retail sales continuing to increase, this could be the first sector to recover in Riyadh real estate market, highlights JLL’s Q3 market overview report. As the government launched the $2.6 billion entertainment company in September, Shoppertainment remains a key concept in the retail industry among entertainment, leisure and F&B tenants. The growing participation by women ...

Bloomberg Samsung Electronics Co. has cleaned out its most senior executives just hours after posting record profit and doubling investor payouts. Lee Sang-hoon has been nominated as the next board chairman while all three co-chief executive officers were replaced in a massive shakeup of the top ranks. The announcement came after Samsung topped profit estimates and said it would boost ...

Bloomberg Megvii Inc., a Chinese developer of facial-recognition technology, has raised about $460 million from investors including billionaire Jack Ma’s Ant Financial and one of China’s largest state-backed venture funds, according to a person familiar with the matter. The Beijing-based company, also known as Face++, has attracted several other investors including the Russia-China Investment Fund, a venture backed by sovereign ...