Saudi media group SRMG inks deal to launch ‘Bloomberg Al Arabiya’ network

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Prince Bader bin Abdallah bin Mohammad bin Farhan Al Saud (L) with Mr. Michael R. Bloomberg, founder of Bloomberg L.P. and former mayor of New York City at the Bloomberg Global Business Forum in New York. (AN photo)
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Dr. Ghassan Alshibl, MD and CEO of SRMG (R) signing the Agreement with Justin Smith, CEO of Bloomberg Media in Bloomberg’s headquarters in New York. (AN photo)
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Dr. Ghassan Alshibl, Managing Director and CEO, SRMG (first right) Justin B Smith, CEO, Bloomberg Media (first left), John Micklethwait, Editor-in-Chief, Bloomberg (second left) and Mr. Abdulrahman Alruwaita, Chairman of the Executive Committee, SRMG. (AN photo)
Updated 21 September 2017
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Saudi media group SRMG inks deal to launch ‘Bloomberg Al Arabiya’ network

RIYADH: Saudi Research and Marketing Group (SRMG) today said it has entered a long-term agreement with US-headquartered media firm Bloomberg to launch a multi-platform Arabic-language business and financial news service.
SRMG — publisher of Asharq Al-Awsat, Arab News and Aleqtisadiah — plans a 24-hour television and radio network and dedicated digital platform under the “Bloomberg Al-Arabiya” brand.
It will also publish “Bloomberg Businessweek” magazine in Arabic and launch a new conference and live events series, according to a statement from the company.
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, the statement 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,” he said.
“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 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.”
Headquartered in the Gulf, the Bloomberg Al Arabiya team will be managed by SRMG with support from Bloomberg, and will draw on its financial and economic content and data as well as its 2,700 reporters and analysts globally.
“Our partnership with SRMG is a significant milestone in our regional growth story, building on the introduction of an expanded suite of new media platforms in the Middle East last year,” said Justin B. Smith, CEO of Bloomberg Media Group. “This agreement is an integral part of our strategy of forming partnerships with leading news providers in markets that have a compelling economic growth story, as we look to further expand our localized international presence.”
Dr. Ghassan Al-Shibl, managing director and CEO of SRMG, said: “As one of the biggest media publishing houses in the Middle East, this partnership between SRMG and Bloomberg will see us expand into the international television business. With the new era of business and economic transformation in the Kingdom of Saudi Arabia, such a significant agreement between two leading brands will pave the way for a multi-platform ecosystem of specialized business and financial content of international standards. This is the beginning of a new chapter in the history of media and publishing in the region.”
Bloomberg editor in chief John Micklethwait said: “Bloomberg Al Arabiya will enable us to build on more than 20 years of newsgathering across the Arab world to deliver the best of Bloomberg’s news, insight and analysis.”


Journalist murder marks upsurge in N. Ireland unrest

Journalist Lyra McKee poses for a portrait outside the Sunflower Pub on Union Street in Belfast, Northern Ireland May 19, 2017. (REUTERS)
Updated 22 April 2019
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Journalist murder marks upsurge in N. Ireland unrest

  • McKee, 29, was shot in the head late Thursday by, police believe, dissident republicans linked to the New IRA paramilitary group as they clashed with police in Northern Ireland’s second city

DUBLIN: The killing of a journalist in Londonderry marks the latest upsurge of violence in Northern Ireland — where fears are growing that a fragile and hard-won peace is increasingly at risk.
Lyra McKee, 29, was shot dead during a riot as dissident republicans clashed Thursday with police in the province’s second city — a historic flashpoint in the three decades of violence known as “The Troubles.”
The 1998 Good Friday Agreement largely ended the turbulence in Northern Ireland — mandating a withdrawal of British security forces and the disarming of the Irish Republican Army (IRA) paramilitary group.
But dissident republicans — seeking Northern Ireland’s departure from the United Kingdom and integration into the Republic of Ireland through violent means — remain active.
Police believe the New IRA splinter group is behind McKee’s murder.

Among commentators there is a wide-held belief that the perpetrators are youngsters not old enough to remember “The Troubles,” and are being manipulated by a radical older element.
“There’s a dangerous radicalization of young people in Derry by those linked to and on the periphery of the New IRA,” wrote The Irish Times newspaper’s security correspondent Allison Morris.
Police Service of Northern Ireland detective superintendent Jason Murphy, who is leading the probe into McKee’s death, warned: “What we’re seeing is a new breed of terrorist coming through the ranks.”
Two men aged 18 and 19 were arrested Thursday but later released without charges.
Police appealed again to the community for help in finding the killer.
“I know there will be some people who know what happened but are scared to come forward but if you have information, no matter how small, please contact detectives,” said Murphy, stressing that the information would be treated as “100 percent anonymous.”

McKee’s murder follows a car bomb in Londonderry in January and a spate of letter bombs sent to British targets in March — both claimed by the New IRA.
There is speculation that Brexit — which has raised the spectre of a hard border between Ireland and Northern Ireland — is acting as an irritant to dissident republicans.
Proposed divorce deals with the EU could see Northern Ireland more closely aligned to the Republic of Ireland or bound tighter in union with mainland Britain — raising competing loyalist and republican visions of the future.
Kieran McConaghy, a lecturer in terrorism at the University of St. Andrews in Scotland, said it was “hard to say” whether Brexit has played a “major role” in recent attacks, as such events have been consistent since the cease-fire.
Since the British government began publishing security assessments in 2010, the threat of terrorism in Northern Ireland has remained at “severe” — denoting that an attack is considered “highly likely.”
However, “Brexit hasn’t been good for stability in Northern Ireland,” McConaghy told CBC.
“It has made people more uncomfortable with the peace process in Northern Ireland, which is seen to be faltering at present.
“Politicians would do well to try and clarify some of the uncertainty... so that organizations like the New IRA and others don’t fill that political vacuum.”
There are particular fears that a no-deal hard Brexit would see checks erected along the 500-kilometer (310-mile) border, which would offer dissident militants a natural target.

Following McKee’s murder, police in the republican area of Londonderry where McKee was killed say they have experienced a “sea change” in previously-strained community attitudes toward officers.
The Free Derry Corner landmark wall has been repainted to reflect the local community’s revulsion.
Underneath the sign “You are now entering free Derry,” marking the start of a republican area, a message now reads: “Not in our name. R. I. P. Lyra.”
In the wake of her murder, Northern Ireland’s six main political parties — including rival unionists and republicans who have been unable to form a devolved government for more than two years — issued a rare joint statement.
“It was a pointless and futile act to destroy the progress made over the last 20 years, which has the overwhelming support of people everywhere,” it read.