Peace TV network crosses 200 million viewership

Updated 21 July 2013
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Peace TV network crosses 200 million viewership

Peace TV, a major Islamic satellite television network, has crossed the 200-million viewership mark, with a record global viewership exceeding more than 100 million for Peace TV English, 80 million for Peace TV Urdu and more than 20 million for the newly launched Peace TV Bangla.
Zakir Naik, Peace TV founder president and a scholar who has delivered public lectures across the world, including Saudi Arabia, on Islam and comparative religion, told a public meeting organized by India Islamic Cultural Center (IICC) in Riyadh recently that the network’s viewership is growing considerably.
Beginning in January 2006, Peace TV (English) has been telecast to more than 150 countries around the world, including in Asia, Europe, Africa, Australia and North America recording more than 100 million viewership.
He added that Peace TV Urdu, which was launched in 2009, has 80 million viewership.
Peace TV Bangla, which was launched on April 22, 2011, has crossed 20 million mark, he said, adding that the Bangla channel has reached its popularity in a short span of time.
Naik said that the launch of Peace TV Arabic is on the cards. The Islamic Research Foundation (IRF), which owns Peace TV, has finalized plans to launch a 24-hour Arabic-language Islamic channel.
There are several Arabic channels today, but Peace TV Arabic will be different and unique in content and technology, he added.
A nonprofit network, Peace TV broadcasts programs around the clock and also provides free-to-air telecasts.


Saudi hires ex-Canary Wharf executive for Red Sea tourism project

Updated 53 min 47 sec ago
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Saudi hires ex-Canary Wharf executive for Red Sea tourism project

  • Saudi Arabia’s Red Sea Project has been registered as a standalone company
  • The venture will be will be headed by John Pagano, former director of London’s Canary Wharf business zone

RIYADH: Saudi Arabia’s Red Sea Project, a vast tourist development aimed at opening the economy, has been registered as a standalone company and will be headed by a former director of London’s Canary Wharf business zone, the country’s sovereign wealth fund said on Sunday.
In July, the Saudi government revealed plans to develop resorts on some 50 islands off the Kingdom’s Red Sea coast and said the Public Investment Fund (PIF), the country’s sovereign wealth fund, will make initial investments and seek partnerships with international investors and hoteliers.
The Red Sea Project, part of an ambitious strategy to open the economy and ease social restrictions, will be built between the cities of Amlaj and Al-Wajh, will offer a nature reserve, heritage sites and diving in coral reefs. It will break ground in the third quarter of 2019 and complete its first phase in late 2022.
PIF has two other major initiatives: NEOM — a $500 billion business and industrial zone extending into Egypt and Jordan — and Qiddiya, a multi-billion dollar entertainment resort that will be 2-1/2 times the size of Disney World.
“The Ministry of Commerce and Investment has registered The Red Sea Development Company (TRSDC) as a closed joint-stock company wholly owned by PIF,” a statement emailed to Reuters said.
John Pagano, the former managing director for development, of the Canary Wharf Group in London, has been appointed as chief executive officer, it said.
The Red Sea Development Co. will create a special economic zone with its own regulatory framework, visas on entry, relaxed social norms, and improved business regulations, the statement said, adding this will enable it to develop and deliver a world-class international tourist destination.
The fund, chaired by Crown Prince Mohammed bin Salman, is believed to have assets totalling about $183 billion and is set to receive a cash injection next year after the share sale of state oil giant Saudi Aramco.
The crown prince has said more than half of the proceeds from that sale would be reinvested domestically to develop promising Saudi non-oil sectors.