Fortune's Middle East editions will be published monthly, in Arabic, through a license agreement between Time Inc. and United Group, a major publisher in the region.
The magazine will launch its first local edition, Fortune UAE, followed by Fortune Kuwait, in early 2010.
These will be the first of seven local editions and represent Fortune's fifth and sixth foreign-language editions, following Fortune China, Fortune Turkey as well as the twice yearly special issues of Fortune Greece and the recently launched Fortune Korea.
"The launch of the Fortune Arabia editions promises the start of a successful partnership between Time Inc. and UG. We are pleased to partner with the most prestigious business publication," Bashar Kiwan, the CEO and chairman of United Group said about acquiring the Arabic rights to the title.
Kiwan added, "We share the same vision with Fortune for superb editorial content and soaring journalistic standards. We are enthusiastic about providing the Arab readers with a top tier business publication that will provide regional and global news."
"The Middle East business market has experienced dramatic growth and importance, creating a need for Fortune's high-quality and in-depth business journalism," said Hugh Wiley, Publisher, Fortune. "With United Group, we are confident that they will provide in-depth understanding, analysis and journalism of the important developments in each country individually as well as the region more generally."
"We believe that the region is in need for a prestigious and credible business title. Fortune will fill this gap and offer the Arab reader a smart mix of international content and local insights. We have no doubt that the Fortune Arabia editions will follow the success of the original title," said Majd Suleiman, COO of United Group.
"United Group's strategy for covering the region will be instrumental to Fortune's success there," added Jim Jacovides, Time Inc. Vice President of Licensing. "The team's approach to local and regional staff ensures the readers of Fortune editions in the Middle East will be provided with the most important business developments locally, regionally and globally."
Fortune, United Group to launch Fortune magazines in Middle East
- United Arab Emirates: Thursday, November 05 - 2009 at 16:40
- PRESS RELEASE
Fortune will launch local editions in the Middle East beginning Spring 2010, it was announced today by Jim Jacovides of Time Inc. and Bashar Kiwan of United Group.
Also consider reading:
Digg
Facebook
LinkedIn
Twitter
Today's most read articles:
Log in to request more information from United Group
Notes and media contacts
About Fortune:Fortune magazine is a global leader in business journalism with a worldwide circulation of more than 1 million and a readership of nearly 5 million, with major franchises including the Fortune 500 and the Fortune 100 Best Companies to Work For. Fortune Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including Fortune's Most Powerful Women and the Fortune Global Forum. Fortune publishes English-language editions in Europe and Asia, and local-language editions in China, South Korea, Turkey, Greece and Korea. Fortune magazine's online home is CNNMoney.com, the most visited and utilized business destination website.
About United Group:
Founded in 2005, United Group specializes in print media development; it owns and publishes several leading titles spread over twenty-five cities in the Middle East, Africa and Europe. Also known for continually acquiring and developing new titles, United Group has established recondition as a pioneer in the publishing industry. UG's success hinges on three fundamental key factors: developing local editions; increasing circulation by city and offering a great advertising opportunity to their clientele. United Group's portfolio includes the leading monthly social title in the region Layalina, it also publishes Marie Claire Arabia, Gala, BBC Top Gear, and is proud to announce the addition of Fortune Arabia as of 2010.
Media contacts:
Daniel Kile
Director, Public Relations
Time/Fortune/Money/CNNMoney.com
Tel: +1.212.522.3640
Elie Wakim
Group Magazines Managing Director
United Group
Tel: +9714 3600900
Komal Bajaj
Marketing Department Dubai
United Group
Tel: +9714 3600 933
Posted by Siba Sami AmmariThursday, November 05 - 2009 at 16:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
It looks like you are using a Mac - check out our 
Web Feeds