Alwaleed to launch Arabic financial channel?

Prince Alwaleed bin Talal is reportedly looking to launch an Arabic financial news channel. Arabian Business says his Kingdom Holdings is in talks with Bloomberg about a joint-venture that would compete directly with Dubai-based CNBC Arabia, a financial news channel that has been on air since 2003.

Should the channel get the go-ahead, it would be competing directly with BSkyB’s Sky News Arabia which goes on air early next year and is actively recruiting staff. Prince Alwaleed is a seven per cent shareholder, the largest after the Murdoch family, in News Corp.

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