Categories: OLD Media Moves

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.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.