Malaysia develops for foreigners, then takes it away

In this week's episode of the Business Extra podcast: 

• Malaysian Prime Minister Mahathir Mohamad said on Monday he wanted to prevent foreigners from buying residential units in the $100 billion Forest City project, a setback for the Chinese developer Country Garden as it tries to revive faltering demand for the site. What is the rationale for the change in direction?

• Tesla Chief Executive Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion take-private deal. Musk's take-private plans for Tesla have evaporated, but the company's looming debt needs remain. How much is Musk's erratic behaviour hurting the company?

• Emirates is adding a fourth daily flight on its route from Dubai to Riyadh starting from September 1. From Sept 1 there will be 91 weekly flights to the kingdom.

• And we have a chat with Anna Skigin, who founded the company Frank Porter, which helps people in Dubai rent their apartments on AirBNB.