Media Moves

Financial Times to start Middle East edition

April 28, 2008

The Financial Times has started an edition for the Middle East, reports Robert MacMillan of Reuters.

Financial TimesMacMillan writes, “The paper, which will be the pink-sheeted British business daily’s fifth edition, is part of Pearson PLC’s international expansion strategy for the Times. The first copies will be available on Tuesday, April 29.

“‘The economic dynamism of the region is striking,’ Financial Times Chief Executive John Ridding said in an interview with Reuters on Saturday. ‘It’s not just the rate of growth, it’s the nature of growth.’

“‘Unlike the previous sort of oil booms, I think what we’re seeing this time is a substantial investment in the foundations of sustainable economic development, infrastructure and education,’ Ridding said.

“The market features a growing number of foreign companies as well as expatriates working in the area who are looking for important business news, Ridding said, particularly as the Gulf economy is booming on high oil prices.”

Read more here.

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