Thomson Reuters buys Mideast business site Zawya

[June 25, 2012]  DUBAI, United Arab Emirates (AP) -- Mideast investment company Saffar says it has sold the online regional business information service Zawya to news and data provider Thomson Reuters.

The privately held Dubai-based company announced the sale on Monday. Financial terms were not disclosed.

Zawya is popular among the Arab world's financial professionals. It offers company information, market data and news from Thomson Reuters' competitor Dow Jones Newswires, which is part of News Corp.

Saffar says Zawya attracts 750,000 unique visitors per month.

[Associated Press]

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