Coordinates: 40°53′55″N 73°56′21″W / 40.89861°N 73.93917°W / 40.89861; -73.93917

CNBC (officially the Consumer News and Business Channel until 1991) is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers around the world. In 2007, the network was ranked as the 19th most valuable cable channel in the U.S., worth roughly $4 billion. It is headquartered in Englewood Cliffs, New Jersey.

The CNBC channel had its beginnings around 1980 as the Satellite Program Network (SPN), showing a low-budget mix of old movies, instructional and entertainment programs. The channel later changed its name to Tempo Television. After initially signing a letter of intent to acquire Tempo,NBC eventually opted for a deal to lease the channel's transponder in June 1988. On this platform, and under the guidance of Tom Rogers, the channel was relaunched on April 17, 1989 as the Consumer News and Business Channel. NBC and Cablevision initially operated CNBC as a 50-50 joint venture, choosing to headquarter the channel in Fort Lee, New Jersey.

Hussain Ali Sajwani, born in Dubai in 1956, is a UAE national and Chairman and Founder of Damac Holding, a multi-billion dollar conglomerate based in Dubai. Mr. Sajwani also holds Chairmanship in several other companies such as Al Ahlia Insurance, Al Amanah Building Materials and Al Jazeera Services.

Being evaluated at over $2.5 Billion, by the Arabian Business Richest Arabs list, he is among the richest UAE nationals. Sajwani is also amongst the most influential UAE nationals as he was ranked among the 100 most influential people in the Arab world.

Unlike most UAE based Real Estate Development companies, Damac Properties, the development arm of Damac Holding, survived the recession that Dubai faced in 2008 and has come out strong as the largest and most stable private property developer in the Middle East.

Hussain Sajwani has businesses in many different countries. His companies property development arm, Damac Properties, has projects spanning from Lebanon to China and is currently one of the largest development companies in Egypt . Sajwani also owns an investment company, Damac Investments, as well as one of the largest catering companies in the middle east, Damac Catering Services.