SRMG announces new headquarters in Riyadh’s King Abdullah Financial District (KAFD)

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Updated 08 April 2022
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SRMG announces new headquarters in Riyadh’s King Abdullah Financial District (KAFD)

  • ​ The new headquarters commemorates the beginning of SRMG’s global expansion and will house the offices of Asharq network which includes “Asharq News” and “Asharq Business with Bloomberg”

RIYADH​: The Saudi Research & Media Group (SRMG), today announced its new headquarters in the King Abdullah Financial District (KAFD), the new global center for business and commerce in the capital, Riyadh. The announcement of the new headquarters comes in line with the growth and expansion strategy announced by the Group last year, which aims to cement its leadership position in the media sector in the region, redefine the regional media landscape and support its efforts to become one of the key leading media groups globally. The move lays the foundation for a global creative media hub in the Kingdom of Saudi Arabia that brings together the most prominent media, technology and content companies.

The new state-of-the-art headquarters will allow the group to meet the aspirations of millions of readers, viewers, and followers from across the globe monthly. The new environment, which will feature market-leading digital technologies and data capabilities, will enable the group to foster stronger integration and optimize synergies between the Group’s businesses and talent, and support the development and digitization of its media platforms. It will also enable the Group to enter new fields such as events, conferences, exhibitions, and book publishing, as well as support the Group’s research and polling capabilities.

The new headquarters will house the Group’s various media platforms and businesses under one roof including: “Asharq Al-Awsat”; Asharq network which includes “Asharq News” and “Asharq Business with Bloomberg”, “Arab News”, “Independent Arabia,” “Argaam”, “Manga Arabia”, “Sayidaty” and “Hia” magazines, as well as the Group’s businesses: SRMG Media, SRMG X and SRMG Think, ultimately leading to the establishment of a thriving creative media hub at the King Abdullah Financial District (KAFD). The Group’s integration will also strengthen its position as a preferred media partner, and builds on the success of its existing partnerships with leading institutions such as Bloomberg and The Independent.

The new headquarters in the capital, Riyadh, marks the beginning of the Group’s global expansion, including that of Asharq network and its platforms “Asharq News” and “Asharq Business with Bloomberg”, with plans to establish several global offices in Washington and Singapore, in addition to its current offices in London and Dubai. In addition, the Group will employ top-of-the-line studio technologies with data-based capabilities, including social media, podcast and virtual reality studios, and introduce new content offerings such as cultural and scientific documentaries, supporting the Group’s legacy as a trusted source of news and information.

Commenting on the announcement, Chief Executive Officer of SRMG, Jomana Al-Rashid, said: “Our vision for the new headquarters is to drive the creation of a global creative media hub at KAFD in particular and in the city of Riyadh in general. The Group’s headquarters will attract creative talent and provide numerous career opportunities across more than 30 media platforms in all disciplines and fields, including content creation, journalism, production, directing, writing, event management and more. SRMG will also serve as an incubator for entrepreneurs by offering investment and strategic support, and facilitate new business opportunities underpinned by the latest technologies in connectivity, communication, and data analysis, which will ultimately lead to a great positive impact on the Group mainly and the wider media sector”.

“The King Abdullah Financial District (KAFD) is considered an architectural masterpiece, characterised by the integration of its services and its pivotal location, all of which are success factors to attract the greatest talents and produce creative work” added Al-Rashid.

Gautam Sashittal, CEO of King Abdullah Financial District (KAFD), said: “The establishment of the headquarters in KAFD for the most prominent regional media group is an important step in our development as a premium business and lifestyle destination in the region. The presence of the new headquarters of the Saudi Research and Media Group will contribute to enriching the business environment within KAFD, in addition to its contribution to attracting talent and stimulating growth and expansion. We welcome SRMG to KAFD; together we will support the Kingdom's future as a knowledge and information-based economy."

The King Abdullah Financial District (KAFD) is set to host the headquarters of many international companies and serve as the center of the Kingdom’s digital economy. SRMG’s new headquarters is located in the fourth district at KAFD and will consists of 10 floors to accommodate around 1,200 employees. The interior spaces of the new headquarters, to which the Group will gradually move, are designed to encourage cross-collaboration, and provide an interactive working environment.


America’s news channel for Middle East fires staff, goes off air after funding cuts

Updated 30 min 20 sec ago
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America’s news channel for Middle East fires staff, goes off air after funding cuts

  • Chief Jeffrey Gedmin said he had given up on the US administration’s freeze lifting anytime soon

CAIRO: The head of a US-funded Arabic-language television and online news outlet that claims a 30 million-strong audience in the Middle East and North Africa terminated most staff and TV programming Saturday, accusing the Trump administration and Elon Musk of having “irresponsibly and unlawfully” cut off funding.
In notices to Alhurra news staffers about their dismissals, chief Jeffrey Gedmin said he had given up on the US administration’s freeze lifting anytime soon for the congressionally approved money for Al Hurra and its US-funded Arabic language sister organizations.
Gedmin accused Kari Lake, President Donald Trump’s appointee to the American government agency overseeing Al Hurra, Voice of America and other US-funded news programming abroad, of dodging his efforts to speak with her about the funding cutoff.
“I’m left to conclude that she is deliberately starving us of the money we need to pay you, our dedicated and hard-working staff,” Gedmin said in severance letters obtained by The Associated Press and excerpted on the website of Al Hurra’s parent company, the Middle East Broadcasting Networks.
The White House did not immediately respond to a request for comment Saturday.
Mohamed Al-Sabagh, an Egyptian journalist working at the Al Hurra news website in Dubai, told the AP that all the staff in the website and the television channel received emails terminating their contracts.
Alhurra is the latest US government-funded news outlet — after Voice of America, Radio Free Europe/Radio Liberty, Radio Free Asia and others — to cut staff and services amid what the outlets say is the move by the Trump administration and Musk’s Department of Government Efficiency to withhold their congressional appropriations.
Lake, appointed to oversee the US Agency for Global Media, describes her agency as being consumed by a “giant rot” that requires the agency’s destruction and rebuilding.
The US-backed news organizations were set up starting in the Cold War between the West and Soviet Union. Their designated goal was to provide objective news about the United States and other subjects overseas, often to people under authoritarian governments without access to a free press.
The George W. Bush administration created Al Hurra in 2003, the same year his administration’s invasion of Iraq overthrew that country’s leader. Al Hurra’s journalists covered the US occupation and sectarian and extremist violence that followed, with some them dying on the job during the 2011 Arab Spring, and other political changes across the Middle East.
While Al Hurra over the years faced charges of bias from both conservatives and liberals in the United States, it was one of the few outlets in its region providing space for freedom of the press and speech.
In his note to staffers, Getmin said his organization would retain a couple of dozen staffers and a “presence” online as court battles over the cuts play out in US courts.
“It makes no sense,” Gedmin wrote, “to silence America’s voice in the Middle East.”

Echos Of Civil War
50 years on, Lebanon remains hostage to sectarian rivalries
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Lebanon’s civil war anniversary poll: Half of respondents fear conflict could return

Updated 14 April 2025
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Lebanon’s civil war anniversary poll: Half of respondents fear conflict could return

  • 63.3% favor abolishing sectarian political system for secular state model
  • 42.5% report direct personal or family harm from recent conflict

BEIRUT: As Lebanon marks 50 years since the outbreak of its civil war on April 13, a new poll has revealed half of the Lebanese people questioned are worried the conflict could return amid a fragile ceasefire.

The survey, conducted jointly by Annahar newspaper and International Information, sampled 1,200 Lebanese citizens across all regions between March 25 and April 2.

It showed that 51.7 percent expressed varying degrees of concern about the war’s return, while 63.3 percent believed establishing a secular civil state by abolishing the sectarian political system represented the best path forward for the country.

A total of 42.5 percent of respondents reported direct harm to themselves or family members, including deaths or injuries (23.7 percent), property damage (19.9 percent), and forced displacement (19.5 percent).

In assessing Lebanese attitudes toward Iran’s role in Lebanon, 78.6 percent of respondents evaluated this role as negative, and 75.3 percent identified Israel as Lebanon’s primary adversary.

The survey came as Israel resumed attacks on Lebanon, claiming it is targeting Hezbollah infrastructure.

In a statement, Annahar’s management described the poll as an essential tool to understand present realities by examining present and past questions, noting the significant timing on the half-century mark of a conflict whose full lessons remain unlearned.

Public opinion remains deeply divided on how to characterize the war that erupted on April 13, 1975, with 40.7 percent describing it as a Lebanese civil war while 38.5 percent view it as a war for others “fought on our soil.”

A smaller segment (8.8 percent) consider it primarily a war related to Palestinian settlement issues.

Information about the war continued to be transmitted largely through personal channels, with 81.9 percent citing family and friends as their primary source of knowledge, followed by media (44.8 percent), personal experience (28.3 percent), and academic sources (13.4 percent), according to the poll.

Echos Of Civil War
50 years on, Lebanon remains hostage to sectarian rivalries
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Saudi brands and agencies win seven Grand Prix trophies at Dubai Lynx Awards 2025

Updated 13 April 2025
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Saudi brands and agencies win seven Grand Prix trophies at Dubai Lynx Awards 2025

Dubai Lynx, a prominent creative festival and awards program organized by Cannes Lions, announced its annual winners at an awards ceremony on Wednesday in Dubai.

WPP-owned VML was crowned Network of the Year followed by BBDO Worldwide and McCann Worldgroup.

Omnicom-owned Hearts & Science was awarded Media Network of the Year followed by other Omnicom agencies OMD and PHD in second and third.  

Other special awards included MENA Agency of the Year, which went to creative firm Impact BBDO Dubai followed by FP7 McCann Dubai and BigTime Creative Shop Riyadh.

The latter was also named Independent Agency of the Year. Serviceplan Middle East in Dubai and Abdullah & Shokri in Cairo ranked second and third respectively.

Saudi Arabian brands and agencies bagged a total of seven Grand Prix trophies in several categories. Some of the winning campaigns included “Birthmark Stories” for HungerStation by VML; “5 vs 5” for Riyadh Season by BigTime Creative Shop; and “The Second Release” for Billboard magazine by SRMG Labs.

“​​This year, we’ve seen a compelling shift towards content that not only engages and entertains but also effectively drives business results,” Marian Brannelly, Lions’ global director of awards, told Arab News.

New sub-categories such as Use of Humor received 3 percent of all entries while the creator-focused categories within the Social & Influencer category received 14 percent of all entries.

Brannelly said that “humor played a big role” this year, “tackling even sensitive topics and giving campaigns a fresh and relatable feel.”

She added: “It’s also commendable to see work that not only evokes emotions but also clearly communicates the brand’s message and product value through compelling storytelling.

“Balancing purpose with commercial impact is crucial, and this year’s winners have showcased how to do it.”

 


GCC nations are global leaders in post-COVID digitalization efforts, says IMF expert

Updated 11 April 2025
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GCC nations are global leaders in post-COVID digitalization efforts, says IMF expert

  • Deputy head of organization’s Middle East and Central Asia department says ‘we see rapid progress in this region in general, which is not the case for other parts of the world’
  • Deputy head of organization’s Middle East and Central Asia department says ‘we see rapid progress in this region in general, which is not the case for other parts of the world’

RIYADH: There is a positive correlation between digitalization and enhanced macroeconomic favorability in Gulf Cooperation Council economies, according to a report by the International Monetary Fund’s Middle East and Central Asia department.

During a roundtable discussion in Riyadh on Thursday, Zeine Zeidan, the department’s deputy director, spoke about the rapid digital development that has taken place within the GCC region in recent years and the significant support this provides for both the public and private sectors.

“The region is going through a very interesting economic transformation,” he said.

The IMF has explored the ways in which digitalization is now a key pillar in the national visions of GCC countries, he continued, and has become a crucial factor in efforts to grow gross domestic product, streamline government operations, improve living standards and accelerate nationwide connectivity.

Zeidan highlighted in particular the accelerated process of digitalization in the region since the COVID-19 pandemic, which he said is reflected by developments in areas such as telehealth, digital banking, e-commerce and virtual courts.

“Between 2020 and now, we see rapid progress in this region in general, which is not the case for other parts of the world,” he said. “And on average, this is a region that is even well ahead of the aggregate by a considerable amount.”

That said, the IMF made recommendations for the further enhancement of digitalization efforts in the region’s public and private sectors. In the former, for instance, there needs to be a greater push for digital engagement with citizens and the digitalization of core government systems. Moreover, data-privacy laws and cybersecurity guidelines must be reviewed and updated to reduce risks and encourage trust. Regulations that can complement an evolving digital industry must also be put in place uniformly across the region.

In the financial sector, the benefits of digital payments and e-commerce should be promoted, in addition to industry-led developments in financial technology that can drive competition. To scale up markets, cross-border cooperation and payments are also recommended.

As for the corporate sector and labor market, the IMF recommended that small and medium-size financial enterprises should learn to adopt new technologies and constantly update their skills. It also advised targeted investments in digital infrastructure, industry and innovation.

In addition, a major emphasis in the corporate and labor market should be placed on education and training to enhance digital skills, especially considering the potential shifts expected in the job market as a result of advances in artificial intelligence.

“The history of technology over the past few decades has shown that there has always been that job creation,” Zeidan said. “So, you lose jobs somewhere, you create a lot of jobs somewhere else.”

Asked by Arab News whether there were concerns about loss of educational and career diversity, or that creativity and critical-thinking skills might be pushed to the back burner by the focus on digital education, he said that AI does not replace human thinking.

The idea, he explained, is to use AI “to foster creativity,” not “replace your thinking.” The biggest challenge, he predicted, will be to build digital skills within the education system while preserving that human creativity and thinking.

Saudi Arabia’s GovTech Maturity Index rating grew from a little over 0.7 to just below 1.0 between 2020 and 2022, ranking it the highest among GCC countries, followed by the UAE and Qatar. The index, which measures the maturity of nations in terms of digital government transformation, has a regional average of 0.85.

Although the GCC region ranks among the best globally in terms of digital connectivity, some individual countries might benefit from improvements to advanced information and communications technology skills, Zeidan said. Many individuals have basic skills but advanced knowledge is still lacking, he added. However the advanced infrastructure in the region gives GCC countries the scope to improve digital skills and industry integration.

Despite the positives, the region does have some catching up to do in certain aspects.

“The contribution of the digital economy to the GDP in general … is still much slower in Saudi Arabia, which is the most advanced in the region, compared to the United States,” Zeidan said.

Digital access efforts, on the other hand, are performing well, with the GCC region closing the gap on advanced economies globally, as evidenced by the IMF’s newly developed Enhanced Digital Access Index, which measures various aspects of a country’s digital infrastructure and inclusivity.

Saudi Arabia jumped 2.9 percent in terms of contributions from the digital economy between 2017 to 2020. During this time, SR73 billion ($19.5 billion) of GDP was provided by the digital economy through leveraging of digital infrastructure, according to the index.

Zeidan also recommended additional efforts in the fields of digital innovation and regulation to further enhance the preparedness of GCC countries for advances in AI.


Sharjah Media City launches Podcast Room to support content creators

Updated 09 April 2025
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Sharjah Media City launches Podcast Room to support content creators

  • The project aims to provide a professional environment equipped with cutting-edge technology to help emerging talents produce high-quality content

SHARJAH, UAE: Sharjah Media City, also known as Shams, has announced the launch of the Podcast Room as part of its efforts to support content creators, innovators, and the digital media industry in the region, it was announced on Wednesday.

The project aims to provide a professional environment equipped with cutting-edge technology to help emerging talents and professionals produce high-quality content, according to a statement.

The Podcast Room offers an integrated platform for recording and editing audio and video content, including podcasts, interviews, and media discussions, giving creators new opportunities to expand their reach and connect with a wider audience. The project aligns with Shams’ vision of supporting the creative economy and empowering local and Arab talents.

Rashid Abdullah Al-Obad, director of Shams, said: “The launch of the Podcast Room at Shams reflects our vision to strengthen the content creation ecosystem in the region by providing an integrated platform that enables creators to develop their work with the highest standards of quality and professional excellence. We remain committed to supporting media talents by offering cutting-edge technologies and advanced infrastructure.”

The Podcast Room comprises a designed space equipped with state-of-the-art audio recording technology, professional soundproofing, an advanced microphone system, and advanced shooting equipment to ensure superior content production.

It also offers live broadcasting services, multi-episode recording, and high-quality audio and video editing tools, providing content creators with the flexibility to develop their media projects seamlessly.

The Podcast Room offers a variety of design options, with each setup thoughtfully crafted to meet the needs of diverse programs and highlight the unique creative identity of every piece of content.

The room can be booked through the website: https://www.shams.ae/the-podcast-room.