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 Balkans Borka Rudić, general secretary of the Bosnian-Herzegovinian Journalists Association, found Al Jazeera's decision to come to Bosnia-Herzegovina especially interesting in light of the country not having a strong media market, saying: "Money is not the reason behind the network's decision to settle here. No TV station is completely immune to the desire for political influence. I believe Al Jazeera will affect the public opinion in Bosnia, but I don't fear the strengthening influence of radical Islamic forces. I do not think that the arrival of Al Jazeera immediately increases the influence from the East, or that this was the motive