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.”


Israel targets rights groups with bill to outlaw filming of soldiers

Israeli soldiers are under constant attack by Israel haters, says defense minister. (AFP)
Updated 17 June 2018
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Israel targets rights groups with bill to outlaw filming of soldiers

  • Rights groups frequently film Israeli soldiers on duty in the occupied West Bank, documentation the organizations say is necessary to expose abuse by the military
  • A ministerial committee which oversees legislation voted to approve the bill on Sunday

JERUSALEM: Israel moved on Sunday to snap the lens shut on rights groups that film its troops’ interactions with Palestinians by introducing a bill that would make it a criminal offense.
Rights groups frequently film Israeli soldiers on duty in the occupied West Bank, documentation the organizations say is necessary to expose abuse by the military.
A video filmed by Israeli rights group B’Tselem in 2016 showing an Israeli soldier shoot dead an incapacitated Palestinian assailant drew international condemnation and led to the soldier’s conviction for manslaughter in a highly divisive trial.
The proposed law, formulated by the ultranationalist Yisrael Beitenu party in Prime Minister Benjamin Netanyahu’s governing coalition, would make filming or publishing footage “with intent to harm the morale of Israel’s soldiers or its inhabitants” punishable by up to five years in prison.
The term would be raised to 10 years if the intention was to damage “national security.”
A ministerial committee which oversees legislation voted to approve the bill on Sunday. It will now go to parliament for a vote that could take place this week and if ratified, will be scrutinized and amended before three more parliamentary votes needed for it to pass into law.
Yisrael Beitenu leader and Defense Minister, Avigdor Lieberman, praised the committee and said: “Israeli soldiers are under constant attack by Israel haters and supporters of terrorism who look constantly to degrade and sully them. We will put an end to this.”
A Palestinian official condemned the move.
“This decision aims to cover up crimes committed by Israeli soldiers against our people, and to free their hands to commit more crimes,” Deputy Palestinian Information Minister Fayez Abu Aitta told Reuters.
The phrasing of the bill stops short of a blanket ban, aiming instead at “anti-Israeli and pro-Palestinian organizations” which spend “entire days near Israeli soldiers waiting breathlessly for actions that can be documented in a slanted and one-sided way so that soldiers can be smeared.”
Naming B’Tselem and several other rights groups, the bill says many of them are supported by organizations and governments with “a clear anti-Israel agenda” and that the videos are used to harm Israel and national security.
The ban would cover social networks as well as traditional media.
B’Tselem shrugged off the bill.
“If the occupation embarrasses the government, then the government should take action to end it. Documenting the reality of the occupation will continue regardless of such ridiculous legislation efforts,” the group’s spokesman, Amit Gilutz, said.
B’Tselem’s video of the shooting in the West Bank in 2016 led to Israeli soldier Elor Azaria being convicted of manslaughter. He was released in May after serving two-thirds of his 14-month term. Opinion polls after his arrest showed a majority of Israelis did not want a court-martial to take place.