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  Emirates Business Chestertons KSA has released its Q2 2016 report for Riyadh, the first ever analysis of the Saudi capital by the leading property consultant. The report highlights that there is increasing demand for affordable housing, as Riyadh’s population growth continues to outstrip property market supply. The Riyadh Real Estate Market Overview for Q2, 2016, points out that Riyadh’s ...

  Bloomberg China should keep the 50 percent cap on foreign ownership in local passenger-vehicle joint ventures for at least another five to eight years to ensure Chinese carmakers are ready for full-fledged competition, according to the state-backed auto association. The government can consider lifting the limit on different parts of the automotive industry according to their maturity, starting with ...

  Bloomberg Tencent Holdings Ltd. has surpassed China Mobile Ltd. to become the country’s most valuable corporation, underscoring the growing importance of a vibrant private economy over lumbering state-owned enterprise. Tencent rose 4.2 percent to HK$210.20 in Hong Kong on Monday, reaching a market value of HK$1.99 trillion ($256.6 billion) and joining the ranks of the world’s 10 largest public ...

  Bloomberg The first increase in base wages in four months is unlikely to offer much relief to the Bank of Japan as it undertakes a review of policies meant to stoke inflation and growth. Average monthly base pay, excluding overtime and bonuses, rose 0.4 percent in July from a year earlier to 241,518 yen ($2,326), the labor ministry said ...

  Bloomberg South Korea’s financial regulator said Hanjin Shipping Co. will seek stay orders in 43 countries to protect its vessels from being seized, after its court receivership filing last week roiled companies’ supply chain before the year-end shopping season. Applications in 10 countries will be made this week and the remainder soon, the Financial Supervisory Commission said in a ...

  NEW YORK / AP It’s getting rarer for phone launches to generate excitement these days — especially in the Android world, where all models use the same underlying Google software. Every year, phones get routine refreshes such as faster processors, better cameras and longer battery life. But Android phone makers haven’t given up trying to stand out. Samsung, for ...

  Washington / AFP American researchers have created a low-cost textile made of a plastic base that could cool the body when woven into clothing. The engineers suggested in the US journal Science that the textile could become a way to keep people living in hot climates cool without using air conditioning. “If you can cool the person rather than ...

  Relaxnews Google Ara, the visually arresting phone that snaps together from discrete, swappable component units, has been put on hold, new reports suggest. Instead of continuing with Project Ara directly, it’s now considering becoming a license holder or selling the project to a manufacturer, Recode reports. Project Ara would have allowed owners to assemble their own smartphone configurations from ...

  Bloomberg HSBC will now allow customers to verify their identities when opening an account by taking a selfie, reports Business Insider. Much like apartment-sharing app Airbnb, the bank will give customers the option of taking a headshot on their phone to complete an ID security check as part of the company’s mobile banking app. The function would replace other ...

  Bloomberg Baidu Inc. has unveiled its latest plans to stake out a spot in the burgeoning field of artificial intelligence, including a partnership with Nvidia Corp. to develop driver-less cars and taxis and a home gadget akin to Amazon.com Inc.’s popular Echo. Chief Executive Officer Robin Li is banking on its growing AI expertise to jumpstart a slowing search ...