MUMBAI: Prince Alwaleed Bin Talal has partnered with Bloomberg LP for his news channel - Alarab - scheduled to be launched in 2012.

According to the agreement, Bloomberg will support the creation of five-hours of financial and economic news programming throughout the day on the channel. Saudi journalist Jamal Ahmad Khashoggi, will be managing the 24-hour channel.    
  
The Alarab news channel is an independent venture from Kingdom Holding Company and the Rotana group and is privately owned by Prince Alwaleed Bin Talal.

Prince Alwaleed bin Talal, the 26th richest man in the world according to Forbes and the second-largest investor in Rupert Murdoch‘s News Corp, also said that Alarab will focus editorially on the important shifts taking place across the Arab world with an emphasis on freedom of speech and freedom of press.

Bloomberg-branded business reports will air within Alarab‘s daily coverage with reports from the MENA markets as well as a weekly roundup of global financial news.