Thomson Reuters buys Zawya

Mideast online business information provider Zawya is the latest regional Internet property to be snapped up by overseas investors

June 26, 2012

Fatma Al Dubais



 


DUBAI — News and data company Thomson Reuters Corp. said Monday it has bought Mideast online business information provider Zawya, the latest regional Internet property to be snapped up by overseas investors.



New York-based Thomson Reuters acquired Zawya from a group of shareholders led by Saffar Holdings, a privately held financial service and investment company in Dubai. Saffar confirmed the deal.



Saffar acquired a majority stake in Zawya in 2001, a year after the online service began operating in London. Zawya later moved its operations to Dubai and set up the Dow Jones partnership in 2006.



The acquisition will not affect Dow Jones’ existing relationship with Zawya, Dow Jones spokeswoman Kim Gagliardi said. — AP


June 26, 2012
HIGHLIGHTS
SAUDI ARABIA
12 hours ago

Certificates of appreciation awarded to 420,000 Hajj Mission participants

SAUDI ARABIA
12 hours ago

Passports Directorate issues 12,711 penalties for violators in one month  

SAUDI ARABIA
13 hours ago

Saudi Arabia announces beginning of new Umrah season