Tuesday, January 05, 2016

Ownership of Al-Arabiyya has shifted hands:

"Karasik is a columnist at Al Arabiya, an English-language news organization based in the UAE and owned by Middle East Broadcasting Center, a private news conglomerate that has long been financially backed by members of the Saudi royal family. Its current chairman is Sheikh Waleed bin Ibrahim, a billionaire Saudi businessman whose brother-in-law was the late King Fahd. (Al Arabiya’s coverage of the crisis is almost comically pro-Saudi, featuring headlines like “Storming embassies.. Iranian speciality.”)"  In fact, Prince Muhammad Bin Salman purchased Al-Arabiyya and today it is being said that he will also purchase from King Fahd's brother-in-law the MBC conglomerate.