Bloomberg to launch Arabic news service with partner
Bloomberg and Saudi Research and Marketing Group have signed a long-term agreement to launch Bloomberg Al Arabiya, a multi-platform Arabic-language business and financial news service.
The publisher of Asharq Al-Awsat, Arab News and Aleqtisadiah will produce a 24/7 television and radio network and dedicated digital platform, publish Bloomberg Businessweek magazine in Arabic and launch a new conference and live events series.
Bloomberg Al Arabiya will be managed by SRMG with support from Bloomberg and will draw on Bloomberg’s extensive financial and economic content and data as well as its 2,700 reporters and analysts globally.
The agreement is part of Bloomberg’s strategy of forming partnerships with leading news providers in markets that have a compelling economic growth story, as it looks to further expand its international presence.
“Bloomberg Al Arabiya will enable us to build on more than 20 years of news gathering across the Arab world to deliver the best of Bloomberg’s news, insight and analysis,” said Bloomberg editor in chief John Micklethwait in a statement.
The Bloomberg Al-Arabiya platforms will provide Arabic-speaking audiences with news and analysis on the companies, markets, economies and politics shaping the Middle East.