Dubai tabloid newspaper 7Days is set to shut down by the end of December as a result of severe advertising cuts.
Owners 7Days Media said the entire news operation, including the website, will close on December 31, with the last newspaper issue being printed on December 22. It is understood that about 120 jobs will be lost.
In September 2016, the daily newspaper announced that it would be publishing on a weekly basis from January 2017. However, now the CEO Mark Rix has been quoted as saying the company struggled to find a sustainable business model and would now cease operations.
7Days was launched as a weekly in 2003 and increased its frequency two years later.