Bloomberg, the global financial information and news provider, and Saudi Research and Marketing Group (SRMG), a Middle East publishing group, have signed an agreement to launch Bloomberg Al Arabiya, a new 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.
The Bloomberg Al-Arabiya platforms will provide Arabic-speaking audiences around the world with news and analysis on the companies, markets, economies and politics shaping the Middle East to help audiences within and interested in the region stay informed as they make key business decisions.
His Highness Prince Bader bin Abdullah Al Saud, chairman, SRMG, said: "In addition to the many business opportunities this collaboration brings, we believe the partnership will greatly enhance the media landscape in our region. This is an exciting development for SRMG and a strong progression in our quest to offer the highest quality financial and business journalism from, and about the Middle East."
Michael R. Bloomberg, founder of Bloomberg L.P., said: "The Middle East is an important, economically diverse region and our agreement with SRMG allows us to deliver the sharpest global business and financial insights to a critical audience of business decision makers."
Headquartered in the Gulf, the Bloomberg Al Arabiya team 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.