Alwaleed Preps News Channel with News Corp.

RIYADH: Prince Alwaleed Bin Talal’s Kingdom Holding Co. is planning to launch an Arabic news channel in partnership with FOX News, to be led by journalist Jamal Khashoggi.

It is not clear when the as-yet-unnamed service, intended as a competitor to Al Jazeera, will launch. "We no longer have a void in the Arab world as it is now heavily occupied, therefore the new news channel is going to become an addition and an alternative for viewers," Alwaleed said in a statement. The service is expected to focus the latest developments in Saudi Arabia and the Arab world from the political, economic and social arenas.

No details on the FOX News partnership have been revealed.