Al Eqtisadiah
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''Al Eqtisadiah'' () is a Saudi daily business newspaper, published by Saudi Research and Publishing Company. It has been in circulation since 1962.


History

''Al Eqtisadiah'' was first launched as an economic daily in 1962. The founders of the paper were
Hisham Hafiz Hisham Ali Hafiz (28 April 1931 - 26 February 2006) was a Saudi Arabian newspaper publisher and author. He is best known for co-founding ''Arab News'' and his Saudi Research and Publishing Company published 16 newspapers and magazines at the ti ...
and his brother Mohammad Hafiz. Later, it began to be published by Saudi Research and Publishing Company, a subsidiary of
Saudi Research and Marketing Group Saudi Research and Media Group (SRMG), also known as the Saudi Media Group, is a Saudi state-backed media company registered in Riyadh. The group mainly publishes, prints and distributes various publications. The company operates in Saudi Arabia ...
, on 12 January 1992. The paper has a
Gulf A gulf is a large inlet from an ocean or their seas into a landmass, larger and typically (though not always) with a narrower opening than a bay (geography), bay. The term was used traditionally for large, highly indented navigable bodies of s ...
edition.


Target audience

''Al Eqtisadiah'' is often called "''The Financial Times'' of Saudi Arabia". Therefore, its target population is primarily businesspeople as well as academics, and senior government employees in the Kingdom and the GCC. ''Al Eqtisadiah'' is reported to rapidly secure a loyal readership of Saudi executives and government officials. The paper is also read by educated Saudi women and female students.


Ownership

''Al Eqtisadiah'' is one of the daily newspapers published by Saudi Research and Publishing Company (SRPC)], one of the Saudi Research and Marketing Group (SRMG) companies. The other daily newspapers published by SRPC are ''
Arab News ''Arab News'' is an English-language daily newspaper published in Saudi Arabia. It is published from Riyadh. The target audiences of the paper, which is published in broadsheet format, are businesspeople, executives and diplomats. At least as ...
'' and '' Al Sharq Al Awsat''. As of 2013 the chairman of SRMG was
Turki bin Salman Al Saud Turki bin Salman Al Saud ( ''Turkī ibn Salmān Āl Su‘ūd'') (born 1987) is a Saudi prince, one of the grandsons of Saudi Arabia's founder King Abdulaziz, and businessman who is the chairman of Tharawat Holding Company. On 9 February 2013, h ...
.


Content

''Al Eqtisadiah'' provides both news coverage and research, analysis and commentary on economic and business-related events at domestic, regional and international levels. It also provides the translated articles and news from major international business publications, including the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...
'', '' the Harvard Business Review'', ''
INSEAD INSEAD ( ; French: ''Institut européen d'administration des affaires'') is a non-profit business school with locations in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE) and North America (San Francisco, USA ...
'', and '' Frankfurter'' regarding major economic events and developments. The newspaper closely deals with consumer affairs as well as financial trends within the region and abroad. It offers its readers opinions about their financial initiatives and investments. It monitors the developments throughout the Kingdom by focusing on social and economic trends and uncovering important issues that have impact on communities as well as the country's economy as a whole. Additionally, daily in-depth articles published provide an analysis of how developments may affect the Saudi economy. Although ''Al Eqtisadiah'' was founded as a financial daily paper, it is equally known for its political content, often printing editorials and opinion harshly critical of the US on a number of fronts. On the other hand, during the term of its former chief editor Abdul Wahab Al Faiz, ''Al Eqtisadiah'' a few years before 2009 appeared to return to its original finance-focus, gradually moving away from political opinion and focusing on themes of interest to the region's business elite. However, ''Al Eqtisadiah'' seems to return to the pre-Al Faiz period, since editor-in-chief Salman Al Dossari published an article challenging the Russia's stance over Syrian government on 24 March 2012. Specifically, Al Dossari harshly criticized Russia, especially
Sergey Lavrov Sergey Viktorovich Lavrov (, ; born 21 March 1950) is a Russian diplomat who has served as Minister of Foreign Affairs (Russia), Minister of Foreign Affairs since 2004. He is the longest-serving Russian foreign minister since Andrei Gromyko d ...
, for supporting
Bashar al-Assad Bashar al-Assad (born 11September 1965) is a Syrian politician, military officer and former dictator Sources characterising Assad as a dictator: who served as the president of Syria from 2000 until fall of the Assad regime, his government ...
and argued that the same tactics used by Russia to oppress Muslim majority in
Chechnya Chechnya, officially the Chechen Republic, is a Republics of Russia, republic of Russia. It is situated in the North Caucasus of Eastern Europe, between the Caspian Sea and Black Sea. The republic forms a part of the North Caucasian Federa ...
and the
Caucasus The Caucasus () or Caucasia (), is a region spanning Eastern Europe and Western Asia. It is situated between the Black Sea and the Caspian Sea, comprising parts of Southern Russia, Georgia, Armenia, and Azerbaijan. The Caucasus Mountains, i ...
have been used by Assad to oppress Sunni majority in Syria. The paper also contains a section on
environmental issues Environmental issues are disruptions in the usual function of ecosystems. Further, these issues can be caused by humans (human impact on the environment) or they can be natural. These issues are considered serious when the ecosystem cannot recov ...
which is published weekly.


Circulation

''Al Eqtisadiah'' had a circulation of 76,928 copies in the beginning of the 2000s. In 2007 the paper sold about 60,000 copies. The paper's website was the eighth among top 63 online newspapers of the Arab world in a ranking published by ''Forbes Middle East'' magazine in 2011.


Chief editors

Former
editor-in-chief An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The editor-in-chief heads all departments of the organization and is held accoun ...
of ''Al Eqtisadiah'' was Muhammad Faraj Al Tunisi, who resigned for personal reasons in 2003. He had been in this post since 1992. Abdul Wahap Al Faiz was the chief editor of ''Al Eqtisadiah'' from 2003 to October 2011 when he was made editor-in-chief of ''Arab News'', replacing Khalid Almaeena. Salman bin Yousuf Al Dossary was appointed to the post in October 2011. Al Dossari was working as assistant editor in chief of ''Asharq al Awsat'' before his appointment.


TV channel

There is also a TV channel bearing the same name, Al Eqtisadiah TV, that broadcasts economy news. The channel launched its
YouTube YouTube is an American social media and online video sharing platform owned by Google. YouTube was founded on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim who were three former employees of PayPal. Headquartered in ...
channel in November 2012.


References


External links


''Al Eqtisadiah'' daily
''Press Display'' * {{DEFAULTSORT:Eqtisadiah 1962 establishments in Saudi Arabia Arabic-language newspapers Business newspapers Mass media in Riyadh Newspapers published in Saudi Arabia Newspapers established in 1962