Al Jazeera Media Network 1 November 1996 following the closure of the first BBC Arabic language television station, then a joint venture with Orbit Communications Company, owned by Saudi King Fahd's cousin, Khalid bin Faisal Al Saud. The BBC channel had closed after a year and a half when the Saudi government attempted to thwart a documentary pertaining to executions under sharia law. The Emir of Qatar, Sheikh Hamad bin Khalifa, provided a loan of QAR 500 million ($137 million) to sustain Al Jazeera through its first five years, as Hugh Miles detailed in his book "Al Jazeera: The Inside Story of the Arab
Al Jazeera The network remained dependent on government support in 2002, with a budget of $40 million and ad revenues of about $8 million. It also took in fees for sharing its news feed with other networks. It had an estimated 45 million viewers around the world. Al Jazeera soon had to contend with a new rival, Al Arabiya, an offshoot of the Middle East Broadcasting Center, which was set up in nearby Dubai with Saudi financial backing. Before and during the United States-led invasion of Iraq, where Al Jazeera had a presence since 1997, the network's facilities and footage were again