Bahrain-based Alarab News Channel will go live on February 1st. Backed by Saudi Arabian billionaire Prince Alwaleed bin Talal who already has significant media investments in Rotana, News Corp, and Time Warner. The channel will focus on business news and is partnered with Bloomberg TV.

The channel is based in Manama, the capital of Bahrain and is run by Jamal Khashoggi, a highly regarded Saudi journalist.

“Alarab will break the mould of news presentation, becoming a platform for transparent presentation and discussion of the region’s most intractable issues,” it said in a statement at its launch.

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