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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

US Bans Red Food Dye over Possible Cancer Risk

Fruit by the Foot, a product that uses Red Dye No 3, can be seen on a shelf at a supermarket in this illustration photograph on December 27, 2024 - AFP
Fruit by the Foot, a product that uses Red Dye No 3, can be seen on a shelf at a supermarket in this illustration photograph on December 27, 2024 - AFP
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US Bans Red Food Dye over Possible Cancer Risk

Fruit by the Foot, a product that uses Red Dye No 3, can be seen on a shelf at a supermarket in this illustration photograph on December 27, 2024 - AFP
Fruit by the Foot, a product that uses Red Dye No 3, can be seen on a shelf at a supermarket in this illustration photograph on December 27, 2024 - AFP

Outgoing US President Joe Biden's administration on Wednesday announced a ban on Red Dye No 3, a controversial food and drug coloring long known to cause cancer in animals.

Decades after scientific evidence first raised alarm, Red 3, as it is also called, is currently used in nearly 3,000 food products in the United States, according to the nonprofit Environmental Working Group.

"FDA is revoking the authorized uses in food and ingested drugs of FD&C Red No 3 in the color additive regulations," said a document from the Department of Health and Human Services, published in the Federal Register on Wednesday, AFP reported.

The decision follows a petition filed in November 2022 by the Center for Science in the Public Interest (CSPI) and other advocacy groups, which cited the "Delaney Clause" -- a provision mandating the prohibition of any color additive shown to cause cancer in humans or animals.

Notably, the FDA determined as early as 1990 that Red 3 should be banned in cosmetics because of its link to thyroid cancer in lab rats.

However, the additive continued to be used in foods, largely due to resistance from the food industry. Manufacturers of maraschino cherries, for example, relied on Red 3 to maintain the iconic red hue of their products.

It's also present in thousands of candies, snacks and fruit products.

The United States is one of the last major economies to take action on the dye. The European Union prohibited its use in 1994, with similar bans implemented in Japan, China, the UK, Australia and New Zealand.

CSPI hailed the decision as overdue and expressed hope it would lead to further action against other potentially harmful chemicals in food.

"They don't add any nutritional value, they don't preserve the food -- they're just there to make food look pretty," Thomas Galligan, a scientist with CSPI, told AFP.

"There's growing discussion across the political spectrum about food additives and chemicals, which reflects ongoing failures by the FDA."