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Dow Jones teams with ABQ Zawya for Arabic-language financial news service

19 June 2006  |  2351 views  |  0 Source: Dow Jones

ABQ Zawya, the leading Middle East business information company, and Dow Jones Newswires, the world's leading provider of real-time financial news, today launched the Zawya Dow Jones News Service, an English- and Arabic-language news service covering the Middle East's financial markets.

The Zawya Dow Jones News Service combines Zawya's unrivalled information resources and the reporting expertise of Dow Jones Newswires. The service provides a constant watch on corporate developments and financial markets and a unique insight into the region's economies, offering fresh ideas for investment decision-making, research and trading.

The English-language version is available to financial professionals via Zawya's new premium financial information service, Zawya Investor Financial Information, which also launches today; via Dow Jones Newswires' web service and other information vendors. The Arabic-language service is available to regional media organisations.

Produced by a new team of Zawya Dow Jones Newswires reporters based throughout the region, the service provides news, commentary and analysis, covering public, private and state-owned enterprises, as well as those companies looking to join the region's stock markets.

The Zawya Dow Jones News Service also covers regional stock markets and mergers and acquisitions activity; government privatisations and budgetary moves; economic trends and infrastructure tenders. Reporting focuses on the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain, Oman and Egypt while relevant major U.S., European and Asian news will also be included.

"Our partnership with Dow Jones Newswires marks a significant milestone in our quest to be the number one business information company in the Middle East," said Ihsan Jawad, chief executive of ABQ Zawya. "The Zawya Dow Jones News Service aims to provide a new degree of transparency and independent business news reporting dedicated to the region. For our subscribers, this means a guarantee of objective, timely ground-breaking news and analysis that can be relied upon to understand the regional financial markets."

"As the Middle East's markets reach the threshold of significant, long-term expansion, we're delighted to team up with Zawya to launch a service that will help bring greater understanding of this exciting and thriving region to investors within the region and indeed around the world,” said Michael Bergmeijer, vice president and managing director, international, Dow Jones Newswires.

Dr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre, commented: "Information is the most critical part of a fully functioning market, and financial information is the key component in the international finance industry. The DIFC fully supports this joint venture between Zawya and Dow Jones Newswires, and welcomes this latest development for the region, taking its rightful place in the international financial industry."

The Arabic-language Zawya Dow Jones News Service is the 11th language service launched by Dow Jones Newswires. The other languages in which Dow Jones news is published are Dutch, English, French, German, Italian, Portuguese, Spanish, Russian, Chinese and Japanese.

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