bloomberg aligned with vision 2030 values in srmg deal
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Bloomberg aligned with vision 2030 values in SRMG deal

Arab Today, arab today

Arab Today, arab today Bloomberg aligned with vision 2030 values in SRMG deal

Bloomberg aligned with vision 2030 values in SRMG deal
New York - Arab Today

Bloomberg wants to play a role in the transformation under way in Saudi Arabia under the Vision 2020 Strategy to diversify the economy away from oil dependency, a top executive of the global media and information company said in New York yesterday.
Justin Smith, chief executive officer of Bloomberg Media Group, was speaking after the company signed a deal with Saudi Research and Marketing Group (SRMG), owner of Arab News and other newspaper titles, to launch a multi-platform Arabic-language business and financial news service.
SRMG, which also publishes Al Sharq Al Awsat and Aleqtisadiyah, will be the partner in the region for TV, online, print, and audio content for Bloomberg, which will also stage events in the Kingdom.
“It was logical to go into partnership with a media company in the biggest economy in the region. The transformation as articulated by the Saudi Arabian leadership is an exciting story, and Bloomberg would like to play a role by being an independent, unbiased information provider in the region,” Smith said.
He added that Bloomberg shares the same principles as the policymakers behind Vision 2030: “Free markets, transparency, progress and modernity. Our partners at SRMG also share those qualities.”
Michael R. Bloomberg, founder of Bloomberg and former mayor of New York City, 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.”
Bloomberg already has English-language operations in the UAE, with TV studios in Dubai and Abu Dhabi as well as the Middle East version of Bloomberg Businessweek, but this is its first foray into Arabic.
Content will be provided by translation from Bloomberg’s existing English operations, and will also be self-generated by SRMG staff.
“We have set editorial standards which SRMG has embraced. What Bloomberg stands for is self evident in its work. We will operate with the legal media framework of the country where we are, but we will not change our stripes,” Smith said.
Prince Bader bin Abdullah Al-Saud, chairman of SRMG, said the deal would give a boost to the regional media industry. “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,” he added.
Bloomberg has been looking for a regional media partner since the demise of the aborted Al Arab news channel 18 months ago.
“They were good partners, but last year we decided to part ways, and we’ve been talking to different partners for most of this year. Leaning into a local language opportunity was always the next step for us,” said Smith.
“The Middle East is a very important markets for us. Outside North America and Europe we focus on markets that are fast growing. The Middle East has been a great market for our Bloomberg terminals business,” he added.
The Bloomberg/SRMG Arabic operation would be based initially in Riyadh and Dubai, though Smith did not rule out a bureau in Jeddah at a later date.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bloomberg aligned with vision 2030 values in srmg deal bloomberg aligned with vision 2030 values in srmg deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bloomberg aligned with vision 2030 values in srmg deal bloomberg aligned with vision 2030 values in srmg deal

 



GMT 21:52 2017 Thursday ,19 October

Israeli forces arrest 7 Palestinians in West Bank

GMT 15:41 2017 Wednesday ,04 October

Putin warns against double standards in war on terror

GMT 23:42 2017 Monday ,18 September

Mattis 'shocked' by low level of US military readiness

GMT 17:36 2017 Saturday ,14 October

What's at stake for business in Iran's nuclear deal

GMT 14:14 2017 Saturday ,11 February

Ghada Adel praises participation with Adel Imam

GMT 21:00 2017 Thursday ,05 October

Scores of settlers storm into Al Aqsa

GMT 11:56 2017 Wednesday ,29 November

Iraqis throng to Picasso in Baghdad

GMT 05:43 2018 Wednesday ,12 September

"Ala" Syria determined to liberate Idleb from terrorism

GMT 19:47 2018 Thursday ,18 January

Sultan Al Qasimi launches Sharjah real estate projects

GMT 10:58 2017 Thursday ,20 April

Kabbara meets Saudi counterpart, IMO chief in Cairo

GMT 00:10 2017 Tuesday ,10 October

Turkey calls for new round of Syria talks in Geneva

GMT 00:29 2017 Tuesday ,24 October

HM King congratulates UN secretary-general

GMT 10:42 2017 Monday ,22 May

Egypt refers 48 IS suspects to military court

GMT 05:18 2017 Thursday ,12 October

Sub-Saharan Africa to grow at a slower rate this year

GMT 03:34 2017 Monday ,18 September

August24th-September23rd

GMT 23:32 2017 Thursday ,27 July

10 fishing boats to be sunk for poaching

GMT 08:09 2017 Tuesday ,25 April

Israeli enemy drone violates Lebanese skies

GMT 12:06 2017 Saturday ,21 January

Weakness in oil and gas dents GE earnings

GMT 17:20 2017 Tuesday ,01 August

Gum disease linked to higher cancer risk in women
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday