Two giants of the financial world have joined forces to launch an Arabic news TV station with a focus on business. The Saudi billionaire Prince Al Waleed bin Talal has partnered with the US financial data company Bloomberg to produce Alarab, a 24-hour station set for launch next year. Bloomberg will provide five hours of business news per day for the new channel, which will have 'an emphasis on freedom of speech', said Andrew Lack, the chief executive of Bloomberg's multimedia group. Mr Lack said editorial independence was a prerequisite for Bloomberg to enter the deal.
