DirectFN, Dow Jones Ally for English-Language MENA News
The service will provide more in-depth news on companies and economic issues within the MENA region, officials say.
The English-language newswire is aimed at sell-side and buy-side institutional investors─both those based locally and international firms that invest in the region─and combines detailed regional coverage with global reporting and analysis of companies, economics and general business news. The service includes commentary and analysis of public, private and state-owned enterprises, as well as coverage of regional stock market activity, government privatizations and budgetary moves, and economic trends and infrastructure tenders.
In part, DirectFN's partnership with Dow Jones was prompted by Thomson Reuters' 2012 acquisition of fellow Dubai-based MENA news and business intelligence provider Zawya, which led to the winding down of the publisher's similar Dow Jones Zawya product.
"There seemed to be a gap in the marketplace with the Dow Jones Zawya news disappearing. As such, as we were already working with them in a vendor capacity, it made sense to explore opportunities to tighten that relationship and have a newswire that's more attuned to both of our clients' requirements," says David Hann, head of sales for market data and content acquisition equity brokerage at DirectFN.
DirectFN already carried Dow Jones news as a service for international clients, and has its own team of around 25 reporters through the MENA region covering market information. Dow Jones has a small bureau in the region, which contributed some stories to its coverage, Hann says.
"We decided to speak to them about exploring working together and producing a more combination product partnership... that covers the Middle East markets in more depth, mainly for the English-speaking and -reading community because a lot of news in the region breaks in Arabic, but it doesn't really get translated that quickly via the vendors, therefore there was a gap in the market," he says, adding that the key driver for the launch of Mubasher Dow Jones is the lack of in-depth information on companies in the region. "There is lots of aggregated news, there is very sporadic high coverage of large-cap stocks by some of the other vendors, but it doesn't really cover [the region] in much detail. At the moment, the marketplace is kind of scrambling around a number of different venues or websites to find news. What they want is a single view of what's happening in the region across all companies, whether that be on an economic basis, a company basis, or anything that could impact an investment within the MENA region."
Mubasher Dow Jones Newswire is the first phase of the co-branded partnership with Dow Jones, in which each vendor contributes content to the newswire. "From there, obviously we will look to see where we can leverage that relationship to bring new initiatives to the marketplace, depending on both parties' input, as well as what our clients come back and say that they would want to see," he says.
Finance professionals can subscribe to the newswire via Mubasher's new MENA market intelligence platform, Decypha, from Jan. 15. The service is one of several initiatives added to a new release of the platform, along with additional data on private companies and screening tools, which will be rolled out at the end of this month.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
S&P debuts GenAI ‘Document Intelligence’ for Capital IQ
The new tool provides summaries of lengthy text-based documents such as filings and earnings transcripts and allows users to query the documents with a ChatGPT-style interface.
The Waters Cooler: Are times really a-changin?
New thinking around buy-build? Changing tides in after-hours trading? Trump is back? Lots to get to.
A tech revolution in an old-school industry: FX
FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.
Waters Wavelength Ep. 294: Grasshopper’s James Leong
James Leong, CEO of Grasshopper, a proprietary trading firm based in Singapore, joins to discuss market reforms.
The Waters Cooler: Big Tech, big fines, big tunes
Amazon stumbles on genAI, Google gets fined more money than ever, and Eliot weighs in on the best James Bond film debate.
AI set to overhaul market data landscape by 2029, new study finds
A new report by Burton-Taylor says the intersection of advanced AI and market data has big implications for analytics, delivery, licensing, and more.
New Bloomberg study finds demand for election-related alt data
In a survey conducted with Coalition Greenwich, the data giant revealed a strong desire among asset managers, economists and analysts for more alternative data from the burgeoning prediction markets.
How ‘Bond gadgets’ make tackling data easier for regulators and traders
The IMD Wrap: Everyone loves the hype around AI, especially financial firms. And now, even regulators are getting in on the act. But first... “The name’s Bond; J-AI-mes Bond”