Dubai-based Middle East Business News (MEBN), an affiliate of CNBC, is to launch an Arabic-language channel CNBC Arabiya in June. The programming will cover Middle Eastern economic and business news.
CNBC Arabiya, owned and run by MEBN under a licensing and affiliation agreement with CNBC, will be based in Dubai and will have bureaus in Lebanon, Iraq, Saudi Arabia, Egypt and Bahrain. An investment of around US$45 million has reportedly been earmarked for the next three years.
CNBC Europe – an AIB member – and CNBC Asia are to provide CNBC Arabiya global news link.