Bloomberg helps train new generation of Saudi journalists

The course is being taken by 22 Saudi women and eight men. (Bloomberg)
Updated 15 January 2018
0

Bloomberg helps train new generation of Saudi journalists

DUBAI: Aspiring Saudi journalists are learning the ways of financial news via a training scheme set up by the Bloomberg news and information group in partnership with the MiSK Foundation, the Kingdom’s youth education and leadership body.

The training course — designed to advance financial literacy in Saudi Arabia — began at the Bloomberg Middle East headquarters in Dubai on Sunday, where some 30 undergraduates started a week-long intensive course to master Bloomberg’s brand of data-driven journalism.

The course is being run by Matthew Winkler, who cofounded Bloomberg News with Michael Bloomberg in 1990.

The Saudi students are comprised of 22 women and eight men, who major in journalism, English, marketing and finance at universities in the Kingdom, selected by MiSK from a large number of applicants.

Winkler, now editor-in-chief emeritus of the New York based organization, said: “We want to inspire in them an aspiration to pursue a career in financial businesses and news organizations. When Bloomberg began 28 years ago, we had no lineage and no pedigree, but we wanted to be the best, so it was essential we had a method as well as an aspiration,”

The course is based on the “Bloomberg Way,” the guide for interns and journalists at the news organization, drawn up by Winkler, and emphasizing what he calls the “five Fs” of journalism: First word, factual word, fastest word, final word and future word.

“It’s very detailed, specific and rigorous. We are exposing these young bright lights to the same process that our interns at Bloomberg experience anywhere in the world,” he added.

Most of the students were educated in Saudi Arabia, and are in their final years of degree level courses there, with an average age of 23. All are interested in exploring a career in financial journalism, Bloomberg said.

Winkler said that there were “common denominators” in financial and business news in the US, Europe, and the Middle East and elsewhere, in that it sought to provide the most reliable and transparent information to enable stakeholders to make business decisions.

“In the 21st century, Saudi Arabia is an important country that wants to participate in global markets, and Bloomberg can provide access to data points for markets and companies. Very soon, Saudi Aramco will want to be assessed in terms of its relative value to its peers around the world, and that is all about transparency,” he added.

Winkler said that the large number of women on the course was “very consistent with global demography. Women are advancing everywhere.”

Bloomberg has run similar courses in Africa, India and China, but this is the first time it has been run in the Middle East.

Bloomberg has been in partnership with MiSK since 2016, in a series of collaborations designed to “develop and deliver cross-disciplinary education and training programs focused on business, economics, finance and journalism to enhance the skills and knowledge of young finance and media professionals in the Kingdom of Saudi Arabia,” a Bloomberg statement said.


Saudi minister endorses Arab News-Facebook cooperation for Hajj coverage

Updated 38 min 45 sec ago
0

Saudi minister endorses Arab News-Facebook cooperation for Hajj coverage

  • Banten said the ministry is pleased to endorse the Arab News-Facebook cooperation as it enables news about the Hajj to reach a wider audience
  • Millions of people worldwide will be able to follow the pilgrimage via the official Arab News Facebook page

MAKKAH: The Saudi Minister of Hajj and Umrah has endorsed efforts between Arab News and Facebook to cooperate in covering the annual Muslim pilgrimage this year.

As almost 2 million people gather in Makkah for Hajj, this newspaper and the social media network will cooperate in the transmission of live broadcasts of the pilgrimage using 360-degree video technology.

This will allow millions of people worldwide to follow the pilgrimage via the official Arab News Facebook page.

Mohammed Saleh Banten, minister of Hajj and Umrah, was briefed on Arab News’ preparations to cover the pilgrimage, and met with members of its reporting team on Tuesday.

Banten said the ministry is pleased to endorse the Arab News-Facebook cooperation as it enables news about the Hajj to reach a wider audience.

People around the world will be able to see how Hajj is being performed, and the “array of services” provided by the Saudi government under the leadership of King Salman and Crown Prince Mohammed bin Salman, he added.

“Our endorsement of this cooperation comes out of our ministry’s belief in the importance of utilizing new technology … enabling us to show the world the blessed efforts (in serving pilgrims),” Banten said.

The minister was presented with an official Arab News press jacket, and saw the complementary umbrellas the newspaper is distributing to pilgrims as part of its corporate social responsibility efforts.

Faisal J. Abbas, Arab News Editor in Chief, briefed the minister, his deputy Abdulfattah bin Sulaiman Mashat, and other members of the ministry about the newspaper’s ongoing plan for digital transformation.

“We thank the minister for receiving our delegation and his understanding of the role of both local and international media,” said Abbas.

“Our coverage will focus particularly on the humanitarian aspects of Hajj and follow the touching stories of hundreds of nationalities coming from around the world in this unparalleled gathering. 

“Our cooperation with Facebook will ensure that we are able to broadcast these stories to previously unattainable audiences thanks to new technology.”

Fares Akkad, head of regional media partnerships at Facebook, said that the collaboration follows the success of the live broadcasts of Taraweeh prayers on Arab News’ Facebook page during Ramadan, which he said was “very popular.”

“Hajj is a unique event, and we are aware of its importance to millions around the world. Therefore, we are delighted with this collaboration, which enables more people to participate in this blessed event. These efforts are part of our commitment to regional communication, particularly in Saudi Arabia,” Akkad said.

Starting today, Arab News publishes a series of special reports from the Kingdom and around the world on Hajj rituals, as well as offering 24-hour coverage through its digital platforms and Pakistan-focused website.