عربي English Türkçe اردو فارسى
Logo
Latest News
Varieties

Daily Mail Owner Strikes $650 Million Deal to Buy the Telegraph

Copies of The Daily Telegraph are displayed on a rack in a supermarket in London, Britain, January 20, 2024. REUTERS/Belinda Jiao/File Photo
Copies of The Daily Telegraph are displayed on a rack in a supermarket in London, Britain, January 20, 2024. REUTERS/Belinda Jiao/File Photo
TT
TT

Daily Mail Owner Strikes $650 Million Deal to Buy the Telegraph

Copies of The Daily Telegraph are displayed on a rack in a supermarket in London, Britain, January 20, 2024. REUTERS/Belinda Jiao/File Photo
Copies of The Daily Telegraph are displayed on a rack in a supermarket in London, Britain, January 20, 2024. REUTERS/Belinda Jiao/File Photo

Daily Mail owner DMGT said on Saturday it had struck a 500 million pound ($650 million) deal to buy rival newspaper The Telegraph in a tie-up that would create one of the most powerful right-leaning media groups in Britain.

The deal comes a week after US-based private investment firm RedBird Capital Partners withdrew its bid for The Telegraph, one of Britain's biggest newspapers.

A RedBird-IMI joint venture had acquired the Telegraph Media Group and The Spectator magazine in 2023, only for the then government to intervene and ban foreign state investment in UK newspapers.

The Financial Times, which first reported the DMGT deal, said the price had been set at about 500 million pounds to repay the money spent by the RedBird-fronted consortium.

The parties have entered a period of exclusivity to finalize the terms of the transaction and to prepare the necessary regulatory submissions, which they expect to happen quickly, DMGT said in a statement.

The transaction would comply with the UK’s Foreign State Influence regime as there will be no foreign state investment or capital in the funding structure, the statement added.

DMGT had registered an interest in potentially bidding for The Telegraph Media Group in 2023. Sky News reported in May this year that DMGT was in talks to buy a 9.9% stake in the Telegraph titles.

DMGT’s stable of media brands also includes The Mail on Sunday, Metro, The i Paper, and New Scientist. The Daily Telegraph would remain editorially independent from other titles in the group.

A spokesperson for RedBird IMI said: “DMGT and RedBird IMI have worked swiftly to reach the agreement announced today, which will shortly be submitted to the Secretary of State.”

 

 

 

 

 

 

 

Most Viewed

 
 
Varieties

iRead Marathon Records over 6.5 Million Pages Read

Participants agreed that the number of pages read was not merely a numerical milestone - SPA
Participants agreed that the number of pages read was not merely a numerical milestone - SPA
TT
TT

iRead Marathon Records over 6.5 Million Pages Read

Participants agreed that the number of pages read was not merely a numerical milestone - SPA
Participants agreed that the number of pages read was not merely a numerical milestone - SPA

The fifth edition of the iRead Marathon achieved a remarkable milestone, surpassing 6.5 million pages read over three consecutive days, in a cultural setting that reaffirmed reading as a collective practice with impact beyond the moment.

Hosted at the Library of the King Abdulaziz Center for World Culture (Ithra) and held in parallel with 52 libraries across 13 Arab countries, including digital libraries participating for the first time, the marathon reflected the transformation of libraries into open, inclusive spaces that transcend physical boundaries and accommodate diverse readers and formats.

Participants agreed that the number of pages read was not merely a numerical milestone, but a reflection of growing engagement and a deepening belief in reading as a daily, shared activity accessible to all, free from elitism or narrow specialization.

Pages were read in multiple languages and formats, united by a common conviction that reading remains a powerful way to build genuine connections and foster knowledge-based bonds across geographically distant yet intellectually aligned communities, SPA reported.

The marathon also underscored its humanitarian and environmental dimension, as every 100 pages read is linked to the planting of one tree, translating this edition’s outcome into a pledge of more than 65,000 trees. This simple equation connects knowledge with sustainability, turning reading into a tangible, real-world contribution.

The involvement of digital libraries marked a notable development, expanding access, strengthening engagement, and reinforcing the library’s ability to adapt to technological change without compromising its cultural role. Integrating print and digital reading added a contemporary dimension to the marathon while preserving its core spirit of gathering around the book.

With the conclusion of the iRead Marathon, the experience proved to be more than a temporary event, becoming a cultural moment that raised fundamental questions about reading’s role in shaping awareness and the capacity of cultural initiatives to create lasting impact. Three days confirmed that reading, when practiced collectively, can serve as a meeting point and the start of a longer cultural journey.

Varieties

Imam Turki bin Abdullah Royal Reserve Launches Fifth Beekeeping Season

Jazan’s Annual Honey Festival - File Photo/SPA
Jazan’s Annual Honey Festival - File Photo/SPA
TT
TT

Imam Turki bin Abdullah Royal Reserve Launches Fifth Beekeeping Season

Jazan’s Annual Honey Festival - File Photo/SPA
Jazan’s Annual Honey Festival - File Photo/SPA

The Imam Turki bin Abdullah Royal Nature Reserve Development Authority launched the fifth annual beekeeping season for 2026 as part of its programs to empower the local community and regulate beekeeping activities within the reserve.

The launch aligns with the authority's objectives of biodiversity conservation, the promotion of sustainable environmental practices, and the generation of economic returns for beekeepers, SPA reported.

The authority explained that this year’s beekeeping season comprises three main periods associated with spring flowers, acacia, and Sidr, with the start date of each period serving as the official deadline for submitting participation applications.

The authority encouraged all interested beekeepers to review the season details and attend the scheduled virtual meetings to ensure organized participation in accordance with the approved regulations and the specified dates for each season.

Varieties

Hail Municipality Named Arab Green City For 2024-2025

The achievement establishes Hail as a leading Arab model for sustainable urban development - SPA
The achievement establishes Hail as a leading Arab model for sustainable urban development - SPA
TT
TT

Hail Municipality Named Arab Green City For 2024-2025

The achievement establishes Hail as a leading Arab model for sustainable urban development - SPA
The achievement establishes Hail as a leading Arab model for sustainable urban development - SPA

The Hail Region Municipality has secured first place in the Arab Green City award for 2024-2025 at the 15th session of the Arab Towns Organization.

This recognition honors the municipality’s commitment to environmental sustainability, the expansion of green spaces, and the implementation of urban practices that elevate the quality of life, SPA reported.

The award follows a series of strategic environmental initiatives, including large-scale afforestation, the modernization of public parks, and the adoption of eco-friendly solutions to enhance the urban landscape and resource efficiency.

By aligning its projects with the sustainability goals of Saudi Vision 2030, the municipality continues to foster a healthy and safe environment for residents and visitors.

This achievement establishes Hail as a leading Arab model for sustainable urban development.