The long-term agreement to launch Bloomberg Al Arabiya will include a 24/7 television and radio network. Also included is a dedicated digital platform and an edition of Bloomberg Businessweek magazine in Arabic.
“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,” said Michael Bloomberg, founder of Bloomberg LP and former mayor of New York City.
“We are very pleased with this promising partnership with Bloomberg. 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,” adds His Highness Prince Bader bin Abdullah Al Saud, Chairman, SRMG.
Headquartered in the Gulf, the Bloomberg Al Arabiya team will be managed by SRMG with support from Bloomberg, and will draw on Bloomberg’s financial and economic content and data as well as its 2,700 reporters and analysts globally.