International Media Investments, a privately owned investment company, and CNN, a multinational news channel and website, formed a joint venture, CNN Business Arabic. Financial terms were not disclosed. “CNN Business Arabic is a new, complementary offering to both CNN’s business output and our engagement with Arabic speakers worldwide through our existing CNN Arabic platform. We wish IMI every success in this venture, and look forward to working with the team to bring a fresh approach to how Arabic audiences can access business news and information across a range of digital platforms,” Phil Nelson, CNN Chief Operating Officer.