Excerpt:

New York City Mayor Michael Bloomberg's news company is teaming up with Saudi Prince Alwaleed bin Talal to launch "Alarab" next year, a 24/7 news network that is sure to reflect Alwaleed's anti-Israel viewpoint.

Bloomberg will provide Alarab with five hours of financial-related programming. The focus of the network is to cover the Arab Spring with an emphasis on free speech and press. The manager of the network, Jamal Khashoggi, says it is "going to be to the left of Al-Arabiya and to the right of Al-Jazeera." With an estimated networth of $19.6 billion, Prince Alwaleed will be in a position to influence the region like never before.

Alwaleed is the Saudi prince that sought to make a $10 million donation to New York City after the 9/11 attacks, only to have his check returned to him by former New York City Mayor Rudy Giuliani. The mayor was offended at Alwaleed's response to the disaster. He said, "At times like this one, we must address some of the issues that led to such a criminal attack. I believe the government of the United States of America should re-examine its policies in the Middle East and adopt a more balanced stance toward the Palestinian cause… Our Palestinian brethren continue to be slaughtered at the hands of Israelis while the world turns the other cheek," he said.


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