Thomson Reuters announced Monday that it has acquired Zawya, a financial news and information service for the Middle East and Africa.
“Basil Moftah, Thomson Reuters managing director for the Middle East, said there were no plans to end the Zawya-Dow Jones arrangement. He noted that Thomson Reuters had a worldwide agreement to distribute Dow Jones news through its terminals.
“Financial terms of the transaction were not disclosed. Zawya shares were purchased from a group of shareholders led by Saffar, a Dubai-based investment group, Thomson Reuters said.
“Thomson Reuters, which provides news and information to financial, legal, accounting and healthcare professionals, has about 600 employees in the Middle East and North Africa. Zawya employs 200 people, mainly in Dubai and Beirut.”
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