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SRMG Launches Asharq News

SRMG Launches Asharq News
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SRMG Launches Asharq News

SRMG Launches Asharq News

The Saudi Research and Marketing Group (SRMG) has announced the launch of Asharq News, a multiplatform Arabic-language news service that will provide 24/7 coverage across the Arab world and beyond with a focus on regional and global economic affairs.

Asharq News will present technology-enabled content in multiple formats and leverage cutting-edge tech in its delivery.

An exclusive content agreement between SRMG and Bloomberg Media will power a key component of the channel, Asharq Business with Bloomberg, that draws on Bloomberg’s comprehensive coverage from more than 2,700 journalists and analysts globally.

The services will expand to include an Arabic edition of Bloomberg Businessweek magazine.

Commenting on the event, Jumana Al-Rashed, CEO of SRMG, said the launch of Asharq News marks a new and exciting phase for the Arab media landscape.

"We are witnessing an unprecedented pace of change worldwide and keeping up to date with this change means recognizing the power of information and forging partnerships to harness that power,” she noted, adding: "SRMG and Bloomberg bring together the best of both worlds: the in-depth market knowledge of SRMG and Bloomberg’s rigorous, data-driven reporting.We are confident that through this collaboration, Asharq News will set new standards for business news delivery to Arabic-speaking viewers.”

For his part, CEO of Bloomberg Media Group Justin Smith stressed that the Middle East is home to many dynamic economies and business communities.

"Collaborating on Asharq Business with Bloomberg will allow us to deliver the best of Bloomberg’s insights and analysis to a new audience of business decision-makers across the Arab world.”

Also, Arif Amiri, CEO of DIFC Authority welcomed the launch of Asharq News to the Center, saying: "Being part of DIFC will provide Asharq News with access to the largest financial ecosystem in the region, allowing it to report news reflecting the important global economic, financial and corporate information being generated by our clients.”

Asharq News will offer its artificial intelligence-powered digital services via two websites.

The first is dedicated to business news in collaboration with Bloomberg Media, while the second features general news and in-depth analysis.

Remarkably, the AI integration allows readers to access content that matches their interests. Also, both portals are linked to content-rich social media accounts.

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Varieties

Penguin Memes Take Flight after Trump Tariffs Remote Island

A waddle of King penguins, some of the only inhabitants of the Australian territory of Heard Island -- which is among those targeted by US President Donald Trump's tariffs. Matt CURNOCK / AUSTRALIAN ANTARCTIC DIVISION/AFP
A waddle of King penguins, some of the only inhabitants of the Australian territory of Heard Island -- which is among those targeted by US President Donald Trump's tariffs. Matt CURNOCK / AUSTRALIAN ANTARCTIC DIVISION/AFP
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Penguin Memes Take Flight after Trump Tariffs Remote Island

A waddle of King penguins, some of the only inhabitants of the Australian territory of Heard Island -- which is among those targeted by US President Donald Trump's tariffs. Matt CURNOCK / AUSTRALIAN ANTARCTIC DIVISION/AFP
A waddle of King penguins, some of the only inhabitants of the Australian territory of Heard Island -- which is among those targeted by US President Donald Trump's tariffs. Matt CURNOCK / AUSTRALIAN ANTARCTIC DIVISION/AFP

Donald Trump's tariffs have become a black and white issue on social media, where penguin memes have gone viral after he targeted an island inhabited by the flightless birds, but no people.

One widely shared image on Thursday showed a penguin in place of Ukrainian leader Volodymyr Zelensky in the Oval Office during his recent row with the US president and Vice President JD Vance.

Another meme showed US First Lady Melania Trump gazing up at an emperor penguin -- in place of former Canadian Prime Minister Justin Trudeau -- while Trump looks askance.

Trump's announcement of worldwide tariffs on Wednesday certainly received an icy reception in many countries.

But there has also been bafflement about why some of the most remote parts of the world have been targeted.

A case in point: why would Trump slap 10 percent tariffs on all exports from the Heard and McDonald Islands, a barren sub-Antarctic Australian territory without a human population, but four different species of penguin?

"The penguins have been ripping us off for years," Anthony Scaramucci, who was Trump's former communications chief for 11 days in his first term and is now a vocal critic, joked on X.

"Donald Trump slapped tariffs on penguins and not on Putin," posted US Senate Democratic leader Chuck Schumer, referring to the fact that Russia was not on the US tariff list.

The White House said sanctions on Russia over President Vladimir Putin's war on meant that there was no "meaningful" trade on which to impose tariffs.

Trump also caused puzzlement with his 29 percent tariff on Norfolk Island, a tiny Australian territory in the Pacific with a population of a little over 2,000 humans.

"I'm not quite sure that Norfolk Island, with respect to it, is a trade competitor with the giant economy of the United States," Australian Prime Minister Anthony Albanese said.

Britain's remote Falkland Islands -- home to one million penguins, and most famous for a 1982 war fought by Britain to repel Argentinian invaders -- was hit by 41 percent exports even though the UK only faces 10 percent.

Trump's tariffs have however been no laughing matter for global markets, with US stocks suffering their worst day since the Covid pandemic in 2020.